Legacy Housing (Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday. 4s3b1t
Separately, B. Riley initiated coverage on shares of Legacy Housing in a research report on Friday, May 16th. They set a "neutral" rating and a $26.00 price target for the company.
Check Out Our Latest Stock Analysis on Legacy Housing
Shares of LEGH stock traded down $0.59 during mid-day trading on Friday, reaching $21.78. 85,855 shares of the company were exchanged, compared to its average volume of 69,324. Legacy Housing has a fifty-two week low of $21.67 and a fifty-two week high of $29.31. The company has a market capitalization of $525.29 million, a P/E ratio of 10.04 and a beta of 0.85. The business's 50 day simple moving average is $23.55 and its 200 day simple moving average is $24.71.
Legacy Housing (Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.16). Legacy Housing had a return on equity of 11.85% and a net margin of 33.11%. The company had revenue of $35.70 million for the quarter, compared to analyst estimates of $44.13 million.
Hedge funds have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC acquired a new position in Legacy Housing in the fourth quarter worth $33,000. KLP Kapitalforvaltning AS acquired a new position in Legacy Housing in the fourth quarter worth $49,000. GAMMA Investing LLC boosted its holdings in Legacy Housing by 6,650.0% in the first quarter. GAMMA Investing LLC now owns 2,295 shares of the company's stock worth $58,000 after purchasing an additional 2,261 shares during the period. Quantbot Technologies LP acquired a new position in Legacy Housing in the first quarter worth $116,000. Finally, Strs Ohio acquired a new position in Legacy Housing in the first quarter worth $124,000. Institutional investors and hedge funds own 89.35% of the company's stock.
Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.
Before you consider Legacy Housing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Legacy Housing wasn't on the list.
While Legacy Housing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools.
Start Your 30-Day Trial
Sign in with Google