Legacy Education (NYSEAMERICAN:LGCY) Price Target Raised to $15.40

Legacy Education (NYSEAMERICAN:LGCY) had its price objective raised by investment analysts at LADENBURG THALM/SH SH from $14.60 to $15.40 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. LADENBURG THALM/SH SH’s target price points to a potential upside of 28.55% from the stock’s current price.

Separately, Northland Securities set a $14.50 target price on Legacy Education in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Legacy Education currently has an average rating of “Buy” and an average price target of $14.95.

Legacy Education Price Performance

Shares of Legacy Education stock traded down $0.52 on Friday, hitting $11.98. 96,751 shares of the company’s stock traded hands, compared to its average volume of 58,470. The company has a market capitalization of $151.07 million, a price-to-earnings ratio of 19.64 and a beta of 1.24. The company has a fifty day moving average of $12.77 and a two-hundred day moving average of $11.16. Legacy Education has a one year low of $7.94 and a one year high of $14.70.

Legacy Education (NYSEAMERICAN:LGCY) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.22 earnings per share (EPS) for the quarter. Legacy Education had a return on equity of 19.46% and a net margin of 11.02%.The firm had revenue of $21.37 million for the quarter. Equities research analysts anticipate that Legacy Education will post 0.67 earnings per share for the current year.

Institutional Trading of Legacy Education

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Legacy Education by 68.9% during the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after buying an additional 10,096 shares during the last quarter. Renaissance Technologies LLC raised its position in Legacy Education by 87.6% in the 1st quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock valued at $901,000 after buying an additional 33,628 shares during the last quarter. Finally, Sei Investments Co. raised its position in Legacy Education by 260.9% in the 1st quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock valued at $3,255,000 after buying an additional 187,964 shares during the last quarter.

Legacy Education Company Profile

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.