Rock Creek Group LP Has $4.88 Million Stock Holdings in Legacy Housing Corporation $LEGH

Rock Creek Group LP grew its position in Legacy Housing Corporation (NASDAQ:LEGH) by 620.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 250,000 shares of the company’s stock after purchasing an additional 215,307 shares during the period. Legacy Housing comprises approximately 0.5% of Rock Creek Group LP’s holdings, making the stock its 22nd biggest holding. Rock Creek Group LP’s holdings in Legacy Housing were worth $4,880,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LEGH. Royal Bank of Canada boosted its stake in shares of Legacy Housing by 21.9% in the 1st quarter. Royal Bank of Canada now owns 105,440 shares of the company’s stock valued at $2,659,000 after purchasing an additional 18,920 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Legacy Housing by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,434 shares of the company’s stock worth $1,373,000 after buying an additional 2,214 shares in the last quarter. Jane Street Group LLC acquired a new position in Legacy Housing during the 1st quarter worth about $570,000. Strs Ohio acquired a new position in Legacy Housing during the 1st quarter worth about $124,000. Finally, Legal & General Group Plc lifted its position in Legacy Housing by 15.7% during the 2nd quarter. Legal & General Group Plc now owns 8,958 shares of the company’s stock worth $203,000 after buying an additional 1,216 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Analyst Ratings Changes

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

Legacy Housing Stock Down 1.1%

Shares of NASDAQ LEGH opened at $24.01 on Friday. The firm’s 50-day simple moving average is $21.50 and its 200 day simple moving average is $20.91. The company has a market cap of $571.01 million, a price-to-earnings ratio of 13.49 and a beta of 0.77. Legacy Housing Corporation has a 12-month low of $18.28 and a 12-month high of $29.45.

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

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.