Los Angeles Capital Management LLC Sells 3,300 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Los Angeles Capital Management LLC trimmed its holdings in Legacy Housing Co. (NASDAQ:LEGH) by 10.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,378 shares of the company’s stock after selling 3,300 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Legacy Housing were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Legacy Housing by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock valued at $13,975,000 after purchasing an additional 88,921 shares during the period. SG Capital Management LLC acquired a new stake in Legacy Housing during the first quarter worth about $1,532,000. Progeny 3 Inc. acquired a new position in Legacy Housing in the 2nd quarter valued at approximately $1,019,000. Renaissance Technologies LLC lifted its position in shares of Legacy Housing by 161.0% in the 2nd quarter. Renaissance Technologies LLC now owns 40,200 shares of the company’s stock worth $922,000 after acquiring an additional 24,800 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Legacy Housing by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after purchasing an additional 21,995 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Legacy Housing Price Performance

Legacy Housing stock opened at $25.89 on Friday. The business has a 50 day simple moving average of $26.69 and a 200 day simple moving average of $25.15. Legacy Housing Co. has a one year low of $19.42 and a one year high of $29.31. The company has a market capitalization of $625.50 million, a PE ratio of 11.93 and a beta of 1.09.

Insider Buying and Selling at Legacy Housing

In other news, Chairman Curtis Drew Hodgson sold 13,387 shares of Legacy Housing stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $27.73, for a total value of $371,221.51. Following the completion of the transaction, the chairman now owns 684,486 shares in the company, valued at approximately $18,980,796.78. The trade was a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 167,795 shares of company stock valued at $4,477,603. 30.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LEGH has been the subject of a number of recent research reports. B. Riley restated a “neutral” rating and issued a $29.00 target price (up from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th. Wedbush restated an “outperform” rating and issued a $29.00 price objective on shares of Legacy Housing in a research note on Friday, August 9th.

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.