74,220 Shares in Legacy Housing Co. (NASDAQ:LEGH) Acquired by Cerity Partners LLC

Cerity Partners LLC acquired a new position in Legacy Housing Co. (NASDAQ:LEGH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 74,220 shares of the company’s stock, valued at approximately $1,872,000. Cerity Partners LLC owned approximately 0.30% of Legacy Housing as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LEGH. Qube Research & Technologies Ltd purchased a new position in Legacy Housing in the third quarter worth $27,000. BNP Paribas Arbitrage SA grew its holdings in Legacy Housing by 102.5% in the second quarter. BNP Paribas Arbitrage SA now owns 2,703 shares of the company’s stock worth $35,000 after purchasing an additional 1,368 shares during the last quarter. Barclays PLC grew its holdings in Legacy Housing by 264.8% in the fourth quarter. Barclays PLC now owns 2,349 shares of the company’s stock worth $45,000 after purchasing an additional 1,705 shares during the last quarter. UBS Group AG grew its holdings in Legacy Housing by 681.7% in the fourth quarter. UBS Group AG now owns 2,736 shares of the company’s stock worth $52,000 after purchasing an additional 2,386 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC grew its holdings in Legacy Housing by 54.8% in the third quarter. BNP Paribas Arbitrage SNC now owns 4,183 shares of the company’s stock worth $72,000 after purchasing an additional 1,480 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Insider Activity

In related news, Director Jeffrey Kyle Stouder acquired 4,900 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $21.11 per share, with a total value of $103,439.00. Following the completion of the acquisition, the director now directly owns 5,975 shares of the company’s stock, valued at $126,132.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other Legacy Housing news, EVP Kenneth E. Shipley sold 34,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $24.40, for a total value of $829,600.00. Following the sale, the executive vice president now directly owns 2,892,610 shares of the company’s stock, valued at $70,579,684. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Kyle Stouder purchased 4,900 shares of the stock in a transaction on Thursday, March 21st. The stock was acquired at an average cost of $21.11 per share, for a total transaction of $103,439.00. Following the completion of the acquisition, the director now owns 5,975 shares of the company’s stock, valued at approximately $126,132.25. The disclosure for this purchase can be found here. Insiders have sold 164,975 shares of company stock valued at $4,058,021 over the last ninety days. 32.20% of the stock is currently owned by insiders.

Legacy Housing Price Performance

Shares of LEGH opened at $19.99 on Friday. The firm has a market capitalization of $487.76 million, a PE ratio of 9.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.89 and a quick ratio of 2.00. Legacy Housing Co. has a 1-year low of $17.67 and a 1-year high of $26.50. The company’s fifty day moving average price is $22.94 and its 200-day moving average price is $22.43.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings data on Friday, March 15th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.49). The company had revenue of $33.71 million for the quarter, compared to analysts’ expectations of $60.66 million. Legacy Housing had a net margin of 28.79% and a return on equity of 12.99%. On average, equities research analysts predict that Legacy Housing Co. will post 1.72 EPS for the current year.

Analyst Ratings Changes

Separately, Wedbush cut their price target on shares of Legacy Housing from $31.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th.

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.