Vanguard Group Inc. lifted its stake in shares of Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 623,287 shares of the company's stock after buying an additional 80,982 shares during the quarter. Vanguard Group Inc. owned about 2.58% of Legacy Housing worth $15,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Legacy Housing in the 4th quarter worth approximately $49,000. JPMorgan Chase & Co. increased its position in 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 buying an additional 543 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Legacy Housing by 9.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,706 shares of the company's stock valued at $289,000 after buying an additional 1,030 shares in the last quarter. Boston Partners increased its position in Legacy Housing by 37.9% during the 4th quarter. Boston Partners now owns 18,049 shares of the company's stock valued at $445,000 after buying an additional 4,964 shares in the last quarter. Finally, Barclays PLC increased its position in Legacy Housing by 294.1% during the 3rd quarter. Barclays PLC now owns 17,338 shares of the company's stock valued at $474,000 after buying an additional 12,939 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.
Legacy Housing Price Performance
LEGH stock traded up $0.61 on Wednesday, reaching $25.18. 3,888 shares of the company traded hands, compared to its average volume of 69,242. Legacy Housing Co. has a one year low of $19.70 and a one year high of $29.31. The company has a market cap of $607.47 million, a P/E ratio of 11.60 and a beta of 0.91. The firm has a fifty day simple moving average of $25.05 and a 200-day simple moving average of $25.39.
Legacy Housing (NASDAQ:LEGH - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.59 earnings per share for the quarter, topping 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 firm had revenue of $54.19 million during the quarter, compared to analysts' expectations of $44.59 million.
Legacy Housing Profile
(
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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