Legacy Housing Corporation (NASDAQ:LEGH) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in shares of Legacy Housing Corporation (NASDAQ:LEGH) by 14.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,000 shares of the company’s stock after selling 1,332 shares during the period. Assenagon Asset Management S.A.’s holdings in Legacy Housing were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LEGH. Voss Capital LP lifted its stake in shares of Legacy Housing by 8.7% in the 4th quarter. Voss Capital LP now owns 928,599 shares of the company’s stock worth $22,918,000 after acquiring an additional 74,087 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Legacy Housing by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 713,928 shares of the company’s stock worth $17,619,000 after acquiring an additional 48,268 shares during the period. Vanguard Group Inc. lifted its stake in shares of Legacy Housing by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 623,287 shares of the company’s stock worth $15,383,000 after acquiring an additional 80,982 shares during the period. Advisory Research Inc. lifted its stake in shares of Legacy Housing by 34.0% in the 4th quarter. Advisory Research Inc. now owns 472,935 shares of the company’s stock worth $11,672,000 after acquiring an additional 120,000 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Legacy Housing by 2.8% in the 4th quarter. Ameriprise Financial Inc. now owns 427,619 shares of the company’s stock worth $10,554,000 after acquiring an additional 11,612 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. B. Riley assumed coverage on shares of Legacy Housing in a research note on Friday, May 16th. They issued a “neutral” rating and a $26.00 price target for the company. Wall Street Zen raised shares of Legacy Housing from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th.

Legacy Housing Price Performance

NASDAQ LEGH opened at $21.98 on Friday. The company’s 50 day simple moving average is $23.39 and its 200 day simple moving average is $24.56. Legacy Housing Corporation has a 12 month low of $21.58 and a 12 month high of $29.31. The company has a market capitalization of $530.16 million, a P/E ratio of 9.60 and a beta of 0.85.

Legacy Housing (NASDAQ:LEGH) last released its earnings results on Monday, May 12th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.16). Legacy Housing had a return on equity of 11.71% and a net margin of 32.15%. The business had revenue of $35.70 million during the quarter, compared to the consensus estimate of $44.13 million.

About Legacy Housing

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.