Teacher Retirement System of Texas Makes New $698,000 Investment in Legacy Housing Corporation (NASDAQ:LEGH)

Teacher Retirement System of Texas purchased a new stake in shares of Legacy Housing Corporation (NASDAQ:LEGH) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,669 shares of the company’s stock, valued at approximately $698,000. Teacher Retirement System of Texas owned 0.11% of Legacy Housing at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Aquatic Capital Management LLC purchased a new position in shares of Legacy Housing in the 4th quarter worth $33,000. KLP Kapitalforvaltning AS purchased a new position in shares of Legacy Housing during the 4th quarter valued at $49,000. GAMMA Investing LLC boosted its stake in shares of Legacy Housing by 6,650.0% in the first quarter. GAMMA Investing LLC now owns 2,295 shares of the company’s stock worth $58,000 after acquiring an additional 2,261 shares during the period. Wells Fargo & Company MN grew its holdings in Legacy Housing by 22.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,581 shares of the company’s stock valued at $162,000 after buying an additional 1,195 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Legacy Housing by 18.5% in the 4th quarter. MetLife Investment Management LLC now owns 6,924 shares of the company’s stock valued at $171,000 after acquiring an additional 1,081 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LEGH. B. Riley started coverage on shares of Legacy Housing in a research report on Friday, May 16th. They set a “neutral” rating and a $26.00 price objective for the company. Wall Street Zen upgraded Legacy Housing from a “sell” rating to a “hold” rating in a research report on Monday, June 30th.

Legacy Housing Trading Down 2.6%

NASDAQ:LEGH opened at $22.70 on Wednesday. The company has a market cap of $547.52 million, a PE ratio of 9.91 and a beta of 0.83. Legacy Housing Corporation has a twelve month low of $21.58 and a twelve month high of $29.31. The company’s 50 day moving average is $22.91 and its two-hundred day moving average is $24.29.

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

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.