Monashee Investment Management LLC lessened its holdings in shares of LGN (NASDAQ:LGN – Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 137,940 shares of the company’s stock after selling 12,060 shares during the quarter. LGN comprises 3.3% of Monashee Investment Management LLC’s portfolio, making the stock its 11th biggest holding. Monashee Investment Management LLC owned 0.13% of LGN worth $5,937,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LGN. Westfield Capital Management Co. LP bought a new stake in LGN during the 4th quarter valued at approximately $69,438,000. Vanguard Group Inc. raised its stake in LGN by 78.1% during the 4th quarter. Vanguard Group Inc. now owns 3,227,670 shares of the company’s stock valued at $138,919,000 after purchasing an additional 1,415,282 shares during the period. Norges Bank bought a new stake in LGN during the 4th quarter valued at approximately $30,343,000. Royce & Associates LP raised its stake in LGN by 955.5% during the 4th quarter. Royce & Associates LP now owns 337,875 shares of the company’s stock valued at $14,542,000 after purchasing an additional 305,865 shares during the period. Finally, Summit Creek Advisors LLC bought a new stake in LGN during the 4th quarter valued at approximately $10,664,000.
LGN Price Performance
NASDAQ:LGN opened at $85.12 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. LGN has a 1 year low of $26.96 and a 1 year high of $107.24. The business has a 50 day moving average price of $80.09. The company has a market cap of $9.20 billion and a P/E ratio of 370.09.
Analyst Ratings Changes
Several brokerages recently issued reports on LGN. Guggenheim lifted their target price on LGN from $53.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Stifel Nicolaus lifted their target price on LGN from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Tigress Financial lifted their target price on LGN from $85.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Zacks Research downgraded LGN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Royal Bank Of Canada lifted their target price on LGN from $48.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.40.
Read Our Latest Analysis on LGN
LGN Profile
Legence Corp. is a provider of engineering, consulting, installation and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating and installing complex HVAC, process piping and other mechanical, electrical and plumbing systems. Legence Corp. is based in SAN JOSE, Calif.
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