Rock Creek Group LP Has $4.88 Million Stock Position in Legacy Housing Corporation $LEGH

Rock Creek Group LP lifted its stake in Legacy Housing Corporation (NASDAQ:LEGH) by 620.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,000 shares of the company’s stock after acquiring an additional 215,307 shares during the period. Legacy Housing makes up 0.5% of Rock Creek Group LP’s portfolio, making the stock its 22nd largest holding. Rock Creek Group LP owned approximately 1.05% of Legacy Housing worth $4,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Yacktman Asset Management LP boosted its stake in Legacy Housing by 192.8% during the fourth quarter. Yacktman Asset Management LP now owns 175,675 shares of the company’s stock worth $3,429,000 after buying an additional 115,675 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in Legacy Housing by 197.5% during the third quarter. Tudor Investment Corp ET AL now owns 44,974 shares of the company’s stock worth $1,237,000 after buying an additional 29,856 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in Legacy Housing during the fourth quarter worth $547,000. Teton Advisors LLC acquired a new stake in Legacy Housing during the third quarter worth $1,100,000. Finally, Gabelli Funds LLC boosted its stake in Legacy Housing by 192.6% during the fourth quarter. Gabelli Funds LLC now owns 143,341 shares of the company’s stock worth $2,798,000 after buying an additional 94,344 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Legacy Housing Price Performance

LEGH opened at $24.01 on Friday. Legacy Housing Corporation has a fifty-two week low of $18.28 and a fifty-two week high of $29.45. The firm’s fifty day moving average price is $21.50 and its two-hundred day moving average price is $20.91. The company has a market capitalization of $571.01 million, a P/E ratio of 13.49 and a beta of 0.77.

Legacy Housing (NASDAQ:LEGH) last issued its earnings results on Thursday, May 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. Legacy Housing had a net margin of 26.01% and a return on equity of 8.08%. The company had revenue of $34.37 million for the quarter, compared to the consensus estimate of $38.82 million. On average, equities research analysts expect that Legacy Housing Corporation will post 2.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Legacy Housing from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. B. Riley Financial reiterated a “neutral” rating on shares of Legacy Housing in a research note on Thursday, May 14th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.00.

About Legacy Housing

Legacy Housing Corp. designs, builds and markets factory-built homes, focusing on both single-section and multi-section manufactured housing products. The company offers a range of floor plans and customization options, including energy-efficient features and accessible design elements. Its core business activities encompass in-house design, procurement of building materials, plant-based construction and nationwide distribution through an independent network of retail partners.

Founded in 2009 and headquartered in Dallas, Texas, Legacy Housing operates in key regions across the southeastern and southwestern United States.