Bard Associates Inc. Buys Shares of 444,279 Legacy Education Inc. $LGCY

Bard Associates Inc. purchased a new stake in Legacy Education Inc. (NYSEAMERICAN:LGCY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 444,279 shares of the company’s stock, valued at approximately $5,225,000. Legacy Education makes up approximately 1.2% of Bard Associates Inc.’s investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Legacy Education during the 2nd quarter worth $600,000. Bank of America Corp DE boosted its stake in shares of Legacy Education by 481.2% during the first quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock valued at $274,000 after purchasing an additional 18,088 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Legacy Education by 87.6% during the first quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock valued at $901,000 after purchasing an additional 33,628 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Legacy Education by 260.9% during the first quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock worth $3,255,000 after purchasing an additional 187,964 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after buying an additional 10,096 shares during the period.

Analyst Upgrades and Downgrades

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

Legacy Education Trading Up 0.3%

LGCY opened at $10.55 on Friday. Legacy Education Inc. has a 1-year low of $7.94 and a 1-year high of $14.70. The company has a market cap of $133.46 million, a P/E ratio of 17.02 and a beta of 1.13. The company has a fifty day moving average price of $11.46 and a two-hundred day moving average price of $11.94.

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.