Legacy Education (NYSEAMERICAN:LGCY) Coverage Initiated by Analysts at Maxim Group

Maxim Group began coverage on shares of Legacy Education (NYSEAMERICAN:LGCY) in a research report sent to investors on Friday, MarketBeat.com reports. The firm issued a buy rating and a $16.00 price objective on the stock.

Separately, Zacks Research cut shares of Legacy Education from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.30.

Legacy Education Stock Performance

Shares of NYSEAMERICAN LGCY opened at $9.57 on Friday. The stock has a market capitalization of $122.59 million, a PE ratio of 15.00 and a beta of 1.15. Legacy Education has a 52 week low of $7.94 and a 52 week high of $14.70. The stock has a 50 day moving average price of $10.24 and a 200 day moving average price of $11.41.

Legacy Education (NYSEAMERICAN:LGCY) last issued its earnings results on Thursday, September 24th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $20.10 million for the quarter. Legacy Education had a net margin of 11.42% and a return on equity of 19.04%. As a group, research analysts forecast that Legacy Education will post 0.77 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bard Associates Inc. acquired a new stake in Legacy Education during the second quarter worth approximately $5,225,000. Polar Asset Management Partners Inc. bought a new stake in shares of Legacy Education during the second quarter worth approximately $3,007,000. Sei Investments Co. boosted its holdings in shares of Legacy Education by 260.9% during the first quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock worth $3,255,000 after acquiring an additional 187,964 shares during the period. Punch & Associates Investment Management Inc. acquired a new position in shares of Legacy Education in the second quarter valued at approximately $1,176,000. Finally, BlackRock Inc. acquired a new position in shares of Legacy Education in the second quarter valued at approximately $600,000.

Legacy Education Company Profile

Legacy Education, Inc is a postsecondary education company that provides career-focused training and degree programs. Its offerings are concentrated in healthcare and other vocational fields, with programs designed to prepare students for employment in areas such as nursing, medical assisting, dental assisting, business, legal services and related occupations.

The company operates educational institutions including North-West College and Glendale Career College in California, as well as Nevada Career Institute in Nevada.