Gabelli Funds LLC Has $2.80 Million Stock Holdings in Legacy Housing Corporation $LEGH

Gabelli Funds LLC raised its position in Legacy Housing Corporation (NASDAQ:LEGHFree Report) by 192.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,341 shares of the company’s stock after buying an additional 94,344 shares during the quarter. Gabelli Funds LLC’s holdings in Legacy Housing were worth $2,798,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Legacy Housing during the 3rd quarter worth $26,000. State of Alaska Department of Revenue bought a new stake in shares of Legacy Housing during the 3rd quarter worth $34,000. Tower Research Capital LLC TRC raised its position in Legacy Housing by 414.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $55,000 after purchasing an additional 1,940 shares during the last quarter. AlphaQuest LLC raised its position in Legacy Housing by 3,972.9% in the third quarter. AlphaQuest LLC now owns 3,910 shares of the company’s stock valued at $108,000 after purchasing an additional 3,814 shares during the last quarter. Finally, Strs Ohio bought a new position in Legacy Housing in the first quarter valued at about $124,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Price Performance

Shares of LEGH opened at $22.97 on Friday. Legacy Housing Corporation has a 1 year low of $18.28 and a 1 year high of $29.45. The company has a market capitalization of $546.23 million, a price-to-earnings ratio of 12.90 and a beta of 0.77. The business has a 50-day moving average of $21.01 and a 200-day moving average of $20.86.

Legacy Housing (NASDAQ:LEGHGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Legacy Housing had a return on equity of 8.08% and a net margin of 26.01%.The company had revenue of $34.37 million during the quarter, compared to the consensus estimate of $38.82 million. As a group, sell-side analysts anticipate that Legacy Housing Corporation will post 2.32 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings upgraded Legacy Housing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. B. Riley Financial reiterated a “neutral” rating on shares of Legacy Housing in a research report on Thursday, May 14th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.00.

Check Out Our Latest Stock Analysis on LEGH

Legacy Housing Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Legacy Housing (NASDAQ:LEGH)

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