Legacy Education (NYSEAMERICAN:LGCY) Shares Down 0.6% – Here’s What Happened

Legacy Education Inc. (NYSEAMERICAN:LGCY)’s share price dropped 0.6% on Tuesday . The stock traded as low as $11.03 and last traded at $11.17. Approximately 43,479 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 67,325 shares. The stock had previously closed at $11.24.

Analysts Set New Price Targets

LGCY has been the subject of several analyst reports. Northland Securities set a $14.50 price target on shares of Legacy Education in a research note on Friday, May 15th. LADENBURG THALM/SH SH increased their price target on shares of Legacy Education from $14.60 to $15.40 and gave the company a “buy” rating in a research note 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 price target of $14.95.

Legacy Education Trading Down 0.6%

The firm has a market capitalization of $141.30 million, a PE ratio of 18.02 and a beta of 1.13. The business has a fifty day moving average price of $11.98 and a two-hundred day moving average price of $11.47.

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

Hedge Funds Weigh In On Legacy Education

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Legacy Education by 481.2% during 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. Dimensional Fund Advisors LP boosted 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 worth $310,000 after purchasing an additional 10,096 shares during the period. Renaissance Technologies LLC boosted its position in shares of Legacy Education by 87.6% during 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. boosted its position in shares of Legacy Education by 260.9% during the 1st 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 period.

About Legacy Education

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.