Legacy Housing Corporation $LEGH Shares Bought by North Star Investment Management Corp.

North Star Investment Management Corp. grew its holdings in shares of Legacy Housing Corporation (NASDAQ:LEGH) by 239.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,000 shares of the company’s stock after purchasing an additional 67,000 shares during the period. North Star Investment Management Corp.’s holdings in Legacy Housing were worth $1,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LEGH. Rock Creek Group LP lifted its holdings in Legacy Housing by 620.6% in the fourth quarter. Rock Creek Group LP now owns 250,000 shares of the company’s stock worth $4,880,000 after purchasing an additional 215,307 shares during the period. Yacktman Asset Management LP increased its stake in Legacy Housing by 192.8% during the 4th quarter. Yacktman Asset Management LP now owns 175,675 shares of the company’s stock valued at $3,429,000 after buying an additional 115,675 shares during the period. Gabelli Funds LLC raised its position in shares of Legacy Housing by 192.6% during the 4th quarter. Gabelli Funds LLC now owns 143,341 shares of the company’s stock worth $2,798,000 after buying an additional 94,344 shares in the last quarter. Advisory Research Inc. raised its position in shares of Legacy Housing by 11.0% during the 4th quarter. Advisory Research Inc. now owns 730,944 shares of the company’s stock worth $14,268,000 after buying an additional 72,573 shares in the last quarter. Finally, Rothschild Wealth LLC bought a new stake in shares of Legacy Housing during the 4th quarter worth about $1,399,000. 89.35% of the stock is currently owned by institutional investors.

Legacy Housing Stock Up 1.3%

Shares of LEGH stock opened at $26.39 on Tuesday. The stock has a 50-day simple moving average of $23.33 and a 200 day simple moving average of $21.65. Legacy Housing Corporation has a fifty-two week low of $18.28 and a fifty-two week high of $29.45. The stock has a market capitalization of $627.55 million, a P/E ratio of 14.83 and a beta of 0.79.

Legacy Housing (NASDAQ:LEGH) last released its earnings results on Thursday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Legacy Housing had a return on equity of 8.08% and a net margin of 26.01%.The firm had revenue of $34.37 million for the quarter, compared to analyst estimates of $38.82 million. On average, sell-side analysts anticipate that Legacy Housing Corporation will post 2.32 earnings per share for the current year.

Analyst Ratings Changes

LEGH has been the subject of several recent analyst reports. B. Riley Financial reiterated a “neutral” rating on shares of Legacy Housing in a report on Thursday, May 14th. Weiss Ratings raised Legacy Housing from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Legacy Housing has a consensus rating of “Hold” and an average price target of $21.00.

Legacy Housing Profile

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.