Empowered Funds LLC Sells 18,729 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Empowered Funds LLC decreased its position in shares of Legacy Housing Co. (NASDAQ:LEGH) by 47.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 20,873 shares of the company’s stock after selling 18,729 shares during the period. Empowered Funds LLC’s holdings in Legacy Housing were worth $571,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Legacy Housing by 17.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock valued at $13,975,000 after buying an additional 88,921 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Legacy Housing by 5.2% during the first quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after purchasing an additional 21,995 shares during the last quarter. Bard Associates Inc. increased its holdings in Legacy Housing by 0.7% during the 3rd quarter. Bard Associates Inc. now owns 197,414 shares of the company’s stock worth $5,399,000 after purchasing an additional 1,450 shares during the period. American Century Companies Inc. increased its holdings in Legacy Housing by 1.1% during the second quarter. American Century Companies Inc. now owns 180,736 shares of the company’s stock valued at $4,146,000 after buying an additional 2,014 shares during the period. Finally, SG Capital Management LLC purchased a new position in Legacy Housing in the first quarter valued at about $1,532,000. Institutional investors own 89.35% of the company’s stock.

Legacy Housing Stock Up 0.7 %

Shares of LEGH opened at $25.78 on Monday. Legacy Housing Co. has a 52-week low of $19.42 and a 52-week high of $29.31. The stock has a fifty day simple moving average of $26.54 and a two-hundred day simple moving average of $25.37. The company has a market capitalization of $622.84 million, a PE ratio of 11.88 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LEGH shares. B. Riley restated a “neutral” rating and set a $29.00 price target (up previously from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th. Wedbush reiterated an “outperform” rating and set a $29.00 price target on shares of Legacy Housing in a research report on Friday, August 9th.

Insider Activity at Legacy Housing

In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 1,300 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $27.02, for a total value of $35,126.00. Following the transaction, the chairman now owns 577,341 shares of the company’s stock, valued at $15,599,753.82. This represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 154,408 shares of company stock valued at $4,098,530. 30.60% of the stock is owned by company insiders.

Legacy Housing Company Profile

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.