B. Riley Comments on Legacy Housing Co.’s Q2 2022 Earnings (NASDAQ:LEGH)

Legacy Housing Co. (NASDAQ:LEGHGet Rating) – Stock analysts at B. Riley issued their Q2 2022 earnings per share (EPS) estimates for Legacy Housing in a research note issued to investors on Wednesday, September 14th. B. Riley analyst A. Rygiel anticipates that the company will post earnings per share of $0.55 for the quarter. B. Riley currently has a “Neutral” rating and a $19.00 target price on the stock. The consensus estimate for Legacy Housing’s current full-year earnings is $2.08 per share. B. Riley also issued estimates for Legacy Housing’s Q3 2022 earnings at $0.54 EPS, Q4 2022 earnings at $0.45 EPS and FY2023 earnings at $2.18 EPS.

Several other equities analysts have also issued reports on the company. TheStreet raised Legacy Housing from a “c+” rating to a “b” rating in a report on Wednesday, August 31st. EF Hutton Acquisition Corp I began coverage on Legacy Housing in a report on Monday, August 8th. They set a “buy” rating and a $25.00 price target on the stock.

Legacy Housing Stock Up 0.6 %

Legacy Housing stock opened at $17.01 on Thursday. The stock’s fifty day moving average is $15.78 and its two-hundred day moving average is $17.52. The stock has a market cap of $415.15 million, a PE ratio of 8.88 and a beta of 0.94. Legacy Housing has a 1-year low of $11.96 and a 1-year high of $28.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.21 and a quick ratio of 1.22.

Institutional Investors Weigh In On Legacy Housing

A number of hedge funds and other institutional investors have recently modified their holdings of LEGH. Millennium Management LLC raised its position in shares of Legacy Housing by 221.2% during the 2nd quarter. Millennium Management LLC now owns 122,438 shares of the company’s stock worth $1,598,000 after purchasing an additional 84,324 shares during the last quarter. Timelo Investment Management Inc. raised its position in shares of Legacy Housing by 45.9% during the 1st quarter. Timelo Investment Management Inc. now owns 232,004 shares of the company’s stock worth $4,979,000 after purchasing an additional 73,006 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Legacy Housing by 181.9% during the 2nd quarter. Renaissance Technologies LLC now owns 97,525 shares of the company’s stock worth $1,273,000 after purchasing an additional 62,925 shares during the last quarter. AWM Investment Company Inc. acquired a new position in shares of Legacy Housing during the 2nd quarter worth approximately $731,000. Finally, Yacktman Asset Management LP raised its position in shares of Legacy Housing by 22.8% during the 2nd quarter. Yacktman Asset Management LP now owns 285,000 shares of the company’s stock worth $3,719,000 after purchasing an additional 52,900 shares during the last quarter. 21.34% of the stock is currently owned by institutional investors and hedge funds.

Legacy Housing Company Profile

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Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms.

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