Legacy Education (NYSEAMERICAN:LGCY) Shares Down 0.6% – Here’s What Happened

Legacy Education Inc. (NYSEAMERICAN:LGCYGet Free Report) shares traded down 0.6% during mid-day trading on Tuesday . The company traded as low as $11.03 and last traded at $11.17. 43,479 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 67,325 shares. The stock had previously closed at $11.24.

Analysts Set New Price Targets

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

View Our Latest Stock Report on LGCY

Legacy Education Stock Performance

The company has a market cap of $141.17 million, a PE ratio of 18.00 and a beta of 1.13. The stock’s 50 day moving average price is $11.93 and its 200-day moving average price is $11.48.

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

Institutional Investors Weigh In On Legacy Education

Several institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position in Legacy Education by 260.9% during the 1st quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock valued at $3,255,000 after buying an additional 187,964 shares during the period. Renaissance Technologies LLC boosted its position in Legacy Education by 87.6% during the 1st quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock valued at $901,000 after buying an additional 33,628 shares during the period. Dimensional Fund Advisors LP boosted its position in Legacy Education by 68.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after buying an additional 10,096 shares during the period. Finally, Bank of America Corp DE boosted its position in Legacy Education by 481.2% during the 1st quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock valued at $274,000 after buying an additional 18,088 shares during the period.

Legacy Education Company Profile

(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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