Strs Ohio Sells 4,900 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Strs Ohio reduced its position in shares of Legacy Housing Co. (NASDAQ:LEGH) by 19.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,000 shares of the company’s stock after selling 4,900 shares during the quarter. Strs Ohio owned 0.08% of Legacy Housing worth $504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LEGH. AWH Capital L.P. increased its stake in Legacy Housing by 71.3% during the 3rd quarter. AWH Capital L.P. now owns 225,000 shares of the company’s stock valued at $4,367,000 after purchasing an additional 93,630 shares in the last quarter. Cerity Partners LLC bought a new stake in Legacy Housing during the 4th quarter valued at about $1,872,000. Premier Path Wealth Partners LLC bought a new stake in Legacy Housing during the 4th quarter valued at about $1,220,000. Punch & Associates Investment Management Inc. increased its stake in Legacy Housing by 8.0% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 612,765 shares of the company’s stock valued at $11,894,000 after purchasing an additional 45,159 shares in the last quarter. Finally, Meixler Investment Management Ltd. increased its stake in Legacy Housing by 16.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 129,499 shares of the company’s stock valued at $2,514,000 after purchasing an additional 18,524 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Legacy Housing Stock Performance

Shares of LEGH stock opened at $20.30 on Friday. The company has a 50 day moving average price of $22.42 and a 200-day moving average price of $22.49. Legacy Housing Co. has a 52 week low of $17.67 and a 52 week high of $26.50. The firm has a market capitalization of $495.32 million, a PE ratio of 9.35 and a beta of 0.94. The company has a quick ratio of 2.00, a current ratio of 2.89 and a debt-to-equity ratio of 0.05.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings results on Friday, March 15th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.49). Legacy Housing had a return on equity of 12.99% and a net margin of 28.79%. The company had revenue of $33.71 million during the quarter, compared to the consensus estimate of $60.66 million. As a group, equities research analysts expect that Legacy Housing Co. will post 1.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush reduced their price target on shares of Legacy Housing from $31.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th.

Insider Transactions at Legacy Housing

In related news, Chairman Curtis Drew Hodgson sold 17,400 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.57, for a total value of $444,918.00. Following the transaction, the chairman now owns 784,773 shares of the company’s stock, valued at $20,066,645.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman Curtis Drew Hodgson sold 17,400 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.57, for a total value of $444,918.00. Following the transaction, the chairman now owns 784,773 shares of the company’s stock, valued at $20,066,645.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey Kyle Stouder acquired 5,050 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $19.90 per share, for a total transaction of $100,495.00. Following the acquisition, the director now owns 11,025 shares of the company’s stock, valued at approximately $219,397.50. The disclosure for this purchase can be found here. Insiders sold 147,575 shares of company stock worth $3,652,775 over the last three months. 32.20% of the stock is currently owned by company insiders.

Legacy Housing Profile

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.