Legacy Housing Corporation $LEGH Stock Position Lifted by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its position in Legacy Housing Corporation (NASDAQ:LEGH) by 197.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,974 shares of the company’s stock after acquiring an additional 29,856 shares during the quarter. Tudor Investment Corp ET AL owned 0.19% of Legacy Housing worth $1,237,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Voss Capital LP lifted its stake in Legacy Housing by 1.6% during the third quarter. Voss Capital LP now owns 1,067,249 shares of the company’s stock worth $29,360,000 after purchasing an additional 17,249 shares during the last quarter. Quarry LP bought a new stake in Legacy Housing during the third quarter valued at $26,000. Punch & Associates Investment Management Inc. raised its holdings in shares of Legacy Housing by 2.3% during the third quarter. Punch & Associates Investment Management Inc. now owns 429,110 shares of the company’s stock worth $11,805,000 after purchasing an additional 9,590 shares during the period. Millennium Management LLC raised its holdings in shares of Legacy Housing by 24.7% during the third quarter. Millennium Management LLC now owns 61,675 shares of the company’s stock worth $1,697,000 after purchasing an additional 12,228 shares during the period. Finally, Aquatic Capital Management LLC lifted its position in shares of Legacy Housing by 2,156.0% in the 3rd quarter. Aquatic Capital Management LLC now owns 4,873 shares of the company’s stock worth $134,000 after buying an additional 4,657 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Legacy Housing Price Performance

Shares of NASDAQ LEGH opened at $19.75 on Monday. The firm has a market capitalization of $470.29 million, a PE ratio of 11.42 and a beta of 0.78. Legacy Housing Corporation has a 1-year low of $18.28 and a 1-year high of $29.45. The business’s fifty day moving average price is $20.89 and its two-hundred day moving average price is $21.76.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). Legacy Housing had a net margin of 25.41% and a return on equity of 8.09%. The firm had revenue of $38.26 million for the quarter, compared to analyst estimates of $44.56 million.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LEGH. Zacks Research raised shares of Legacy Housing from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Legacy Housing in a report on Monday, December 22nd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Legacy Housing has an average rating of “Hold” and a consensus price target of $21.00.

About Legacy Housing

Legacy Housing Corp. designs, builds and markets factory-built homes, focusing on both single-section and multi-section manufactured housing products. The company offers a range of floor plans and customization options, including energy-efficient features and accessible design elements. Its core business activities encompass in-house design, procurement of building materials, plant-based construction and nationwide distribution through an independent network of retail partners.

Founded in 2009 and headquartered in Dallas, Texas, Legacy Housing operates in key regions across the southeastern and southwestern United States.