Legacy Housing Co. (NASDAQ:LEGH) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Legacy Housing Co. (NASDAQ:LEGH) by 141.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,276 shares of the company’s stock after purchasing an additional 104,386 shares during the quarter. Cerity Partners LLC owned 0.73% of Legacy Housing worth $4,876,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LEGH. Innealta Capital LLC bought a new position in shares of Legacy Housing in the 2nd quarter worth about $28,000. SG Americas Securities LLC acquired a new stake in Legacy Housing during the third quarter worth about $121,000. Quadrature Capital Ltd acquired a new position in Legacy Housing in the first quarter valued at approximately $245,000. Exchange Traded Concepts LLC bought a new position in shares of Legacy Housing during the third quarter valued at approximately $292,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Legacy Housing during the 3rd quarter worth approximately $365,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Insiders Place Their Bets

In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 17,300 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $25.65, for a total transaction of $443,745.00. Following the sale, the chairman now directly owns 665,141 shares in the company, valued at approximately $17,060,866.65. The trade was a 2.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 171,708 shares of company stock worth $4,557,499. 30.60% of the stock is owned by company insiders.

Legacy Housing Trading Up 0.8 %

Shares of NASDAQ LEGH opened at $26.11 on Friday. Legacy Housing Co. has a 12-month low of $19.42 and a 12-month high of $29.31. The company has a market cap of $630.77 million, a PE ratio of 12.03 and a beta of 1.09. The stock has a 50 day simple moving average of $26.37 and a 200-day simple moving average of $25.47.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wedbush restated an “outperform” rating and set a $29.00 price objective on shares of Legacy Housing in a research report on Friday, August 9th. B. Riley reissued a “neutral” rating and set a $29.00 price target (up previously from $25.00) on shares of Legacy Housing in a report on Monday, August 12th.

Legacy Housing 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.