Teton Advisors LLC Invests $1.10 Million in Legacy Housing Corporation $LEGH

Teton Advisors LLC bought a new position in shares of Legacy Housing Corporation (NASDAQ:LEGH) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $1,100,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Legacy Housing by 21.9% during the 1st quarter. Royal Bank of Canada now owns 105,440 shares of the company’s stock worth $2,659,000 after purchasing an additional 18,920 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Legacy Housing by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,434 shares of the company’s stock valued at $1,373,000 after buying an additional 2,214 shares during the period. Jane Street Group LLC acquired a new position in shares of Legacy Housing in the 1st quarter valued at about $570,000. Strs Ohio purchased a new stake in shares of Legacy Housing in the first quarter worth about $124,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Legacy Housing by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 28,798 shares of the company’s stock worth $653,000 after buying an additional 1,129 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on LEGH shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Legacy Housing in a research report on Monday, December 22nd. B. Riley Financial lowered their price objective on Legacy Housing from $26.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. CJS Securities cut shares of Legacy Housing from a “market outperform” rating to a “market perform” rating in a research note on Tuesday, November 11th. Finally, Zacks Research raised shares of Legacy Housing from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.00.

Legacy Housing Stock Down 3.9%

LEGH stock opened at $19.85 on Friday. Legacy Housing Corporation has a 52-week low of $18.83 and a 52-week high of $29.45. The firm has a market cap of $473.82 million, a P/E ratio of 10.18 and a beta of 0.78. The company’s 50-day simple moving average is $21.21 and its 200-day simple moving average is $22.69.

Legacy Housing Company Profile

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.