Legacy Housing Co. (NASDAQ:LEGH) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in Legacy Housing Co. (NASDAQ:LEGH) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410,595 shares of the company’s stock after selling 13,441 shares during the quarter. Royce & Associates LP owned approximately 1.70% of Legacy Housing worth $10,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LEGH. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Legacy Housing during the 3rd quarter worth $3,211,000. Cerity Partners LLC lifted its holdings in Legacy Housing by 141.3% during the 3rd quarter. Cerity Partners LLC now owns 178,276 shares of the company’s stock worth $4,876,000 after buying an additional 104,386 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Legacy Housing by 193.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company’s stock worth $2,501,000 after acquiring an additional 60,292 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Legacy Housing by 17.8% in the 3rd quarter. Geode Capital Management LLC now owns 269,325 shares of the company’s stock valued at $7,367,000 after acquiring an additional 40,729 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Legacy Housing by 294.1% during the 3rd quarter. Barclays PLC now owns 17,338 shares of the company’s stock worth $474,000 after acquiring an additional 12,939 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Legacy Housing Stock Down 0.8 %

LEGH stock opened at $25.76 on Tuesday. The business has a 50 day moving average price of $25.42 and a 200 day moving average price of $25.85. The stock has a market cap of $622.31 million, a price-to-earnings ratio of 11.87 and a beta of 1.16. Legacy Housing Co. has a fifty-two week low of $19.42 and a fifty-two week high of $29.31.

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

Insiders Place Their Bets

In other news, Director Curtis Drew Hodgson sold 9,184 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $24.53, for a total value of $225,283.52. Following the completion of the sale, the director now directly owns 412,838 shares of the company’s stock, valued at approximately $10,126,916.14. This represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 36,952 shares of company stock valued at $896,529. 30.60% of the stock is currently owned by insiders.

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.