Tudor Investment Corp ET AL Increases Stock Position in Legacy Housing Corporation $LEGH

Tudor Investment Corp ET AL grew its stake in shares of Legacy Housing Corporation (NASDAQ:LEGH) by 197.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,974 shares of the company’s stock after acquiring an additional 29,856 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Legacy Housing were worth $1,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LEGH. Crown Wealth Group LLC purchased a new position in shares of Legacy Housing in the third quarter worth approximately $3,865,000. Teton Advisors LLC purchased a new position in shares of Legacy Housing in the third quarter worth approximately $1,100,000. Villanova Investment Management Co LLC boosted its holdings in shares of Legacy Housing by 36.2% in the third quarter. Villanova Investment Management Co LLC now owns 126,671 shares of the company’s stock worth $3,485,000 after buying an additional 33,644 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Legacy Housing by 118.4% in the second quarter. Jane Street Group LLC now owns 49,344 shares of the company’s stock worth $1,118,000 after buying an additional 26,748 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Legacy Housing in the third quarter worth approximately $698,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

LEGH has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Legacy Housing in a report on Monday, December 22nd. Zacks Research raised shares of Legacy Housing from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.00.

Legacy Housing Trading Up 2.6%

NASDAQ LEGH opened at $21.65 on Tuesday. Legacy Housing Corporation has a 12 month low of $18.28 and a 12 month high of $29.45. The stock has a market cap of $515.53 million, a price-to-earnings ratio of 12.51 and a beta of 0.77. The company’s 50 day moving average is $20.72 and its two-hundred day moving average is $21.24.

Legacy Housing (NASDAQ:LEGH) last released its earnings results on Thursday, March 12th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Legacy Housing had a return on equity of 8.09% and a net margin of 25.41%.The firm had revenue of $38.26 million for the quarter, compared to the consensus estimate of $44.56 million.

About Legacy Housing

Legacy Housing Corp. designs, builds and markets factory-built homes, focusing on both single-section and multi-section manufactured housing products. The company offers a range of floor plans and customization options, including energy-efficient features and accessible design elements. Its core business activities encompass in-house design, procurement of building materials, plant-based construction and nationwide distribution through an independent network of retail partners.

Founded in 2009 and headquartered in Dallas, Texas, Legacy Housing operates in key regions across the southeastern and southwestern United States.