Sterling Capital Management LLC Sells 23,634 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Sterling Capital Management LLC trimmed its holdings in shares of Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 57.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,436 shares of the company's stock after selling 23,634 shares during the period. Sterling Capital Management LLC owned approximately 0.07% of Legacy Housing worth $430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LEGH. Meixler Investment Management Ltd. grew its holdings in shares of Legacy Housing by 0.5% in the fourth quarter. Meixler Investment Management Ltd. now owns 107,440 shares of the company's stock worth $2,652,000 after acquiring an additional 541 shares during the period. JPMorgan Chase & Co. increased its position in shares of Legacy Housing by 11.1% during 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 during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Legacy Housing by 9.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 11,706 shares of the company's stock worth $289,000 after purchasing an additional 1,030 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Legacy Housing by 22.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,581 shares of the company's stock worth $162,000 after buying an additional 1,195 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Legacy Housing by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 271,125 shares of the company's stock valued at $6,693,000 after buying an additional 1,800 shares during the period. Institutional investors own 89.35% of the company's stock.

Legacy Housing Stock Up 0.9 %

LEGH traded up $0.23 during trading on Thursday, hitting $24.84. The company's stock had a trading volume of 11,124 shares, compared to its average volume of 69,335. Legacy Housing Co. has a one year low of $19.70 and a one year high of $29.31. The business's 50 day simple moving average is $24.99 and its 200-day simple moving average is $25.38. The firm has a market cap of $599.36 million, a PE ratio of 11.45 and a beta of 0.91.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.07. Legacy Housing had a return on equity of 11.85% and a net margin of 33.11%. The company had revenue of $54.19 million for the quarter, compared to the consensus estimate of $44.59 million.

About Legacy Housing

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.