Legacy Education (NYSEAMERICAN:LGCY) Stock Price Up 0.7% – Still a Buy?

Shares of Legacy Education Inc. (NYSEAMERICAN:LGCYGet Free Report) shot up 0.7% during mid-day trading on Wednesday . The stock traded as high as $11.90 and last traded at $11.84. Approximately 55,383 shares traded hands during trading, an increase of 36% from the average session volume of 40,761 shares. The stock had previously closed at $11.76.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. LADENBURG THALM/SH SH upped their price target on Legacy Education from $14.60 to $15.40 and gave the company a “buy” rating in a research note on Friday, May 15th. Northland Securities set a $14.50 price objective on Legacy Education in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Legacy Education presently has a consensus rating of “Buy” and an average price target of $14.95.

Read Our Latest Stock Report on Legacy Education

Legacy Education Stock Performance

The stock has a market cap of $147.88 million, a price-to-earnings ratio of 18.85 and a beta of 1.11. The company’s fifty day moving average is $11.41 and its two-hundred day moving average is $11.62.

Legacy Education (NYSEAMERICAN:LGCYGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.22 EPS for the quarter. Legacy Education had a return on equity of 18.83% and a net margin of 10.89%.The business had revenue of $21.37 million during the quarter. Analysts predict that Legacy Education Inc. will post 0.67 EPS for the current year.

Hedge Funds Weigh In On Legacy Education

A number of hedge funds and other institutional investors have recently bought and sold shares of LGCY. Renaissance Technologies LLC increased its stake in Legacy Education by 87.6% during the first quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock worth $901,000 after purchasing an additional 33,628 shares during the period. Bank of America Corp DE lifted its position in shares of Legacy Education by 481.2% during the first quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock worth $274,000 after purchasing an additional 18,088 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after purchasing an additional 10,096 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Legacy Education by 260.9% in the first quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock valued at $3,255,000 after purchasing an additional 187,964 shares in the last quarter.

About Legacy Education

(Get Free Report)

The Company owns and operates the following career institutions that focus on real-life training by utilizing educational practices in different job markets: High Desert Medical College (“HDMC”), Central Coast College (“CCC”), and Integrity College of Health (“Integrity”). HDMC has three campuses located in Lancaster, California, Bakersfield, California and Temecula, California. HDMC offers the following certificate or degree programs: ultrasound technician (“UT”), vocational nursing (“VN”), VN Associate of Applied Science, Associate Degree of Nursing, nursing assistant, Magnetic Resonance Imaging (“MRI”) Associate of Applied Science, cardiac sonography, pharmacy technician, dental assisting, clinical medical assisting and medical administrative assisting programs (including medical billing and coding programs), veterinary assistant, UT Associate of Applied Science degree, phlebotomy technician and nursing assistant avocational courses, and a number of continuing education programs.

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