79,263 Legacy Housing Corporation $LEGH Shares Sold by Crown Wealth Group LLC

Crown Wealth Group LLC lowered its stake in Legacy Housing Corporation (NASDAQ:LEGH) by 73.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,737 shares of the company’s stock after selling 79,263 shares during the quarter. Crown Wealth Group LLC owned about 0.12% of Legacy Housing worth $824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc acquired a new position in Legacy Housing in the second quarter valued at about $149,000. State of Wyoming bought a new position in Legacy Housing during the second quarter worth about $169,000. Lee Financial Co acquired a new position in shares of Legacy Housing during the 3rd quarter worth about $218,000. GSA Capital Partners LLP acquired a new position in shares of Legacy Housing during the 2nd quarter worth about $204,000. Finally, Deutsche Bank AG acquired a new position in shares of Legacy Housing during the 2nd quarter worth about $230,000. 89.35% of the stock is currently owned by institutional investors.

Legacy Housing Stock Down 2.9%

Shares of LEGH traded down $0.80 during trading hours on Monday, reaching $26.59. The stock had a trading volume of 74,229 shares, compared to its average volume of 97,352. Legacy Housing Corporation has a 52 week low of $18.28 and a 52 week high of $31.34. The firm has a 50-day moving average of $28.31 and a 200 day moving average of $25.51. The company has a market cap of $632.31 million, a P/E ratio of 12.25 and a beta of 0.75.

Legacy Housing (NASDAQ:LEGH) last posted its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.27. Legacy Housing had a return on equity of 9.53% and a net margin of 28.56%. The firm had revenue of $66.35 million for the quarter, compared to analyst estimates of $64.08 million. As a group, equities analysts expect that Legacy Housing Corporation will post 2.32 earnings per share for the current year.

Analysts Set New Price Targets

LEGH has been the topic of a number of analyst reports. Zacks Research downgraded shares of Legacy Housing from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Legacy Housing from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Legacy Housing in a report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Legacy Housing has an average rating of “Hold” and a consensus target price of $21.00.

Legacy Housing Company Profile

Legacy Housing Corporation (NASDAQ:LEGH) is a manufactured housing company that designs, builds and sells factory-built homes in the United States. Its products include single-section and multi-section manufactured homes intended for residential use, as well as homes serving housing developers, independent retailers and other institutional customers.

The company distributes its homes through a combination of wholesale channels, company-owned retail locations and independent dealers. Legacy Housing also provides financing solutions for certain homebuyers and customers and has been involved in the development and operation of manufactured housing communities.