Legacy Housing Co. (NASDAQ:LEGH) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP decreased its holdings in Legacy Housing Co. (NASDAQ:LEGH) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,000 shares of the company’s stock after selling 10,000 shares during the period. Yacktman Asset Management LP’s holdings in Legacy Housing were worth $1,481,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Legacy Housing in the third quarter valued at about $3,211,000. Cerity Partners LLC boosted its holdings in Legacy Housing by 141.3% in the 3rd quarter. Cerity Partners LLC now owns 178,276 shares of the company’s stock valued at $4,876,000 after purchasing an additional 104,386 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Legacy Housing by 193.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company’s stock valued at $2,501,000 after buying an additional 60,292 shares during the period. Geode Capital Management LLC increased its holdings in shares of Legacy Housing by 17.8% during the 3rd quarter. Geode Capital Management LLC now owns 269,325 shares of the company’s stock worth $7,367,000 after buying an additional 40,729 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Legacy Housing during the 3rd quarter valued at approximately $365,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Curtis Drew Hodgson sold 11,300 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $25.64, for a total value of $289,732.00. Following the sale, the chairman now directly owns 514,522 shares of the company’s stock, valued at approximately $13,192,344.08. The trade was a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 123,952 shares of company stock valued at $3,137,319 in the last quarter. Insiders own 30.60% of the company’s stock.

Legacy Housing Stock Performance

LEGH opened at $27.30 on Tuesday. The business’s 50 day moving average price is $24.91 and its 200 day moving average price is $25.97. The stock has a market capitalization of $659.57 million, a PE ratio of 12.58 and a beta of 1.09. Legacy Housing Co. has a one year low of $19.42 and a one year high of $29.31.

Legacy Housing Company Profile

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.