Royce & Associates LP Cuts Stake in Legacy Housing Co. (NASDAQ:LEGH)

Royce & Associates LP lessened its position in Legacy Housing Co. (NASDAQ:LEGH) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 410,595 shares of the company’s stock after selling 13,441 shares during the period. Royce & Associates LP’s holdings in Legacy Housing were worth $10,133,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC purchased a new position in Legacy Housing during the third quarter worth about $3,211,000. Cerity Partners LLC increased its position 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 purchasing an additional 104,386 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 buying an additional 60,292 shares in the last quarter. Geode Capital Management LLC lifted 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 buying an additional 40,729 shares during the period. Finally, Barclays PLC boosted its stake in shares of Legacy Housing by 294.1% in the third 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.

Insider Buying and Selling at Legacy Housing

In related news, Director Curtis Drew Hodgson sold 10,468 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.65, for a total value of $247,568.20. Following the sale, the director now directly owns 394,254 shares in the company, valued at $9,324,107.10. The trade was a 2.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 36,952 shares of company stock valued at $896,529. Corporate insiders own 30.60% of the company’s stock.

Legacy Housing Price Performance

Shares of LEGH stock opened at $25.76 on Tuesday. Legacy Housing Co. has a 1-year low of $19.42 and a 1-year high of $29.31. The business’s fifty day moving average price is $25.42 and its 200 day moving average price is $25.85. The firm has a market capitalization of $622.31 million, a PE ratio of 11.87 and a beta of 1.16.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $44.59 million.

Legacy Housing 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.