Meixler Investment Management Ltd. Purchases 8,106 Shares of Legacy Housing Corporation $LEGH

Meixler Investment Management Ltd. grew its holdings in Legacy Housing Corporation (NASDAQ:LEGH) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,616 shares of the company’s stock after acquiring an additional 8,106 shares during the quarter. Legacy Housing accounts for approximately 1.7% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its 15th biggest position. Meixler Investment Management Ltd. owned about 0.45% of Legacy Housing worth $2,461,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GW&K Investment Management LLC raised its stake in Legacy Housing by 2.0% in the 1st quarter. GW&K Investment Management LLC now owns 686,414 shares of the company’s stock worth $17,311,000 after purchasing an additional 13,720 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Legacy Housing by 93.7% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 247,770 shares of the company’s stock worth $6,249,000 after purchasing an additional 119,870 shares during the period. Robotti Robert boosted its stake in shares of Legacy Housing by 72.8% in the first quarter. Robotti Robert now owns 221,304 shares of the company’s stock valued at $5,581,000 after buying an additional 93,234 shares during the period. Cerity Partners LLC grew its position in Legacy Housing by 11.8% during the first quarter. Cerity Partners LLC now owns 117,825 shares of the company’s stock worth $2,972,000 after buying an additional 12,406 shares in the last quarter. Finally, Boston Partners increased its stake in Legacy Housing by 543.2% during the 1st quarter. Boston Partners now owns 116,089 shares of the company’s stock worth $2,928,000 after acquiring an additional 98,040 shares during the period. 89.35% of the stock is owned by institutional investors.

Legacy Housing Stock Up 1.6%

Shares of LEGH stock opened at $22.45 on Friday. The business has a fifty day simple moving average of $25.71 and a 200 day simple moving average of $24.33. The company has a market cap of $535.88 million, a P/E ratio of 10.02 and a beta of 0.81. Legacy Housing Corporation has a twelve month low of $20.85 and a twelve month high of $29.45.

Legacy Housing (NASDAQ:LEGH) last released its earnings results on Thursday, August 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $50.20 million for the quarter, compared to analysts’ expectations of $43.53 million. Legacy Housing had a return on equity of 11.11% and a net margin of 30.00%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Legacy Housing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

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.