Legacy Housing (NASDAQ:LEGH) Sees Large Volume Increase - Here's What Happened
Legacy Housing (NASDAQ:LEGH) experienced a significant trading volume of 46,153 shares, down 33% from the previous session. The stock price fell by 1.6% to $24.56. The company reported earnings of $0.59 per share, exceeding estimates, with revenue of $54.19 million. Institutional investors hold 89.35% of the stock, with notable increases in holdings from several firms. Analysts rate Legacy Housing as a Moderate Buy, but suggest other stocks may be better investments.
Legacy Housing Co. (NASDAQ:LEGH - Get Free Report) saw strong trading volume on Monday . 46,153 shares were traded during mid-day trading, a decline of 33% from the previous session's volume of 69,240 shares.The stock last traded at $24.56 and had previously closed at $24.89.
Get Legacy Housing alerts:
Legacy Housing Stock Down 1.6 %
The business's fifty day simple moving average is $24.89 and its two-hundred day simple moving average is $25.35. The company has a market cap of $582.72 million, a price-to-earnings ratio of 11.13 and a beta of 0.91.
Legacy Housing (NASDAQ:LEGH - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $54.19 million for the quarter, compared to analyst estimates of $44.59 million. Legacy Housing had a return on equity of 11.85% and a net margin of 33.11%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of LEGH. Meixler Investment Management Ltd. increased its position in Legacy Housing by 0.5% during the 4th quarter. Meixler Investment Management Ltd. now owns 107,440 shares of the company's stock worth $2,652,000 after purchasing an additional 541 shares during the period. JPMorgan Chase & Co. lifted its holdings in Legacy Housing by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock valued at $148,000 after purchasing an additional 543 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Legacy Housing by 9.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,706 shares of the company's stock worth $289,000 after acquiring an additional 1,030 shares during the last quarter. MetLife Investment Management LLC increased its stake in Legacy Housing by 18.5% in the fourth quarter. MetLife Investment Management LLC now owns 6,924 shares of the company's stock valued at $171,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Legacy Housing by 22.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,581 shares of the company's stock worth $162,000 after acquiring an additional 1,195 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.
Legacy Housing Company Profile
(Get Free Report)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.
Featured Articles
- Five stocks we like better than Legacy Housing
- Dividend Capture Strategy: What You Need to Know
- Best Defense Stocks in 2025... So Far
- What is Insider Trading? What You Can Learn from Insider Trading
- Alphabet Rebounds After Strong Earnings and Buyback Announcement
- What Are Earnings Reports?
- Could Selling Taiwan Semiconductor Be Buffett’s Biggest Regret?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Legacy Housing Right Now?
Before you consider Legacy Housing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Legacy Housing wasn't on the list.
While Legacy Housing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
