Legacy Education (NYSEAMERICAN:LGCY) Trading 0.7% Higher – Here’s Why

Legacy Education Inc. (NYSEAMERICAN:LGCY) shares shot up 0.7% on Thursday . The company traded as high as $11.90 and last traded at $11.67. 39,101 shares traded hands during trading, a decline of 15% from the average session volume of 45,912 shares. The stock had previously closed at $11.59.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LGCY shares. Northland Securities set a $14.50 price target on Legacy Education in a report on Friday, May 15th. LADENBURG THALM/SH SH lifted their price objective on Legacy Education from $14.60 to $15.40 and gave the stock a “buy” rating in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $14.95.

Legacy Education Stock Performance

The company’s 50-day moving average price is $11.44 and its 200 day moving average price is $11.79. The stock has a market cap of $147.63 million, a PE ratio of 18.82 and a beta of 1.11.

Legacy Education (NYSEAMERICAN:LGCY) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $21.37 million for the quarter. Legacy Education had a net margin of 10.89% and a return on equity of 18.83%. On average, sell-side analysts anticipate that Legacy Education Inc. will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Legacy Education by 68.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after acquiring an additional 10,096 shares during the period. Bank of America Corp DE raised its holdings in Legacy Education by 481.2% in the 1st quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock worth $274,000 after purchasing an additional 18,088 shares during the period. Renaissance Technologies LLC raised its holdings in Legacy Education by 87.6% in the 1st quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock worth $901,000 after purchasing an additional 33,628 shares during the period. Finally, Sei Investments Co. lifted its position in Legacy Education by 260.9% during the first quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock valued at $3,255,000 after purchasing an additional 187,964 shares in the last quarter.

Legacy Education Company Profile

The Company owns and operates the following career institutions that focus on real-life training by utilizing educational practices in different job markets: High Desert Medical College (“HDMC”), Central Coast College (“CCC”), and Integrity College of Health (“Integrity”). HDMC has three campuses located in Lancaster, California, Bakersfield, California and Temecula, California. HDMC offers the following certificate or degree programs: ultrasound technician (“UT”), vocational nursing (“VN”), VN Associate of Applied Science, Associate Degree of Nursing, nursing assistant, Magnetic Resonance Imaging (“MRI”) Associate of Applied Science, cardiac sonography, pharmacy technician, dental assisting, clinical medical assisting and medical administrative assisting programs (including medical billing and coding programs), veterinary assistant, UT Associate of Applied Science degree, phlebotomy technician and nursing assistant avocational courses, and a number of continuing education programs.