Legacy Housing Co. (NASDAQ:LEGH - Get Free Report) saw strong trading volume on Tuesday . 159,463 shares changed hands during trading, an increase of 155% from the previous session's volume of 62,571 shares.The stock last traded at $27.15 and had previously closed at $27.30.
Legacy Housing Stock Performance
The stock has a 50 day simple moving average of $25.14 and a two-hundred day simple moving average of $25.99. The firm has a market cap of $671.35 million, a PE ratio of 12.81 and a beta of 1.09.
Insider Buying and Selling at Legacy Housing
In related news, Director Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.20, for a total value of $435,960.00. Following the completion of the transaction, the director now owns 439,322 shares in the company, valued at $11,070,914.40. The trade was a 3.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 123,452 shares of company stock worth $3,123,664. Insiders own 30.60% of the company's stock.
Hedge Funds Weigh In On Legacy Housing
Several institutional investors and hedge funds have recently modified their holdings of LEGH. Aquatic Capital Management LLC purchased a new position in shares of Legacy Housing in the 4th quarter valued at about $33,000. KLP Kapitalforvaltning AS purchased a new position in shares of Legacy Housing in the 4th quarter valued at about $49,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Legacy Housing in the 3rd quarter valued at about $85,000. SG Americas Securities LLC purchased a new position in shares of Legacy Housing in the 3rd quarter valued at about $121,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Legacy Housing by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock valued at $148,000 after purchasing an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.
About Legacy Housing
(
Get Free Report)
Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.
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