Robotti Robert Cuts Holdings in Legacy Housing Co. (NASDAQ:LEGH)

Robotti Robert decreased its holdings in Legacy Housing Co. (NASDAQ:LEGH) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,160 shares of the company’s stock after selling 4,485 shares during the period. Robotti Robert owned 0.53% of Legacy Housing worth $2,780,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Gabelli Funds LLC lifted its holdings in shares of Legacy Housing by 3.5% in the 4th quarter. Gabelli Funds LLC now owns 47,327 shares of the company’s stock valued at $1,194,000 after acquiring an additional 1,600 shares during the last quarter. Empowered Funds LLC lifted its stake in Legacy Housing by 5.0% in the first quarter. Empowered Funds LLC now owns 36,902 shares of the company’s stock worth $794,000 after purchasing an additional 1,767 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Legacy Housing in the first quarter worth about $45,000. BNP Paribas Financial Markets lifted its stake in Legacy Housing by 79.0% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after purchasing an additional 2,520 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Legacy Housing in the fourth quarter worth about $143,000. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LEGH. CJS Securities began coverage on shares of Legacy Housing in a research note on Friday, June 7th. They issued an “outperform” rating and a $33.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $25.00 price objective on shares of Legacy Housing in a research note on Friday, May 10th. Finally, B. Riley raised shares of Legacy Housing from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 14th.

Legacy Housing Trading Down 0.7 %

Shares of NASDAQ:LEGH traded down $0.20 during trading on Monday, reaching $27.49. 41,513 shares of the company were exchanged, compared to its average volume of 70,369. The firm has a market capitalization of $668.45 million, a PE ratio of 12.97 and a beta of 1.06. The business’s fifty day simple moving average is $23.82 and its 200-day simple moving average is $23.22. Legacy Housing Co. has a 12-month low of $17.67 and a 12-month high of $27.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.76 and a quick ratio of 2.88.

Legacy Housing (NASDAQ:LEGH) last issued its earnings results on Thursday, May 9th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.24. The business had revenue of $43.24 million for the quarter, compared to analyst estimates of $38.07 million. Legacy Housing had a net margin of 29.70% and a return on equity of 12.33%. During the same period last year, the company posted $0.65 earnings per share. On average, research analysts anticipate that Legacy Housing Co. will post 2.34 EPS for the current year.

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.