Charles Schwab Investment Management Inc. Has $2.50 Million Position in Legacy Housing Co. (NASDAQ:LEGH)

Charles Schwab Investment Management Inc. grew its holdings in Legacy Housing Co. (NASDAQ:LEGH) by 193.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,453 shares of the company’s stock after buying an additional 60,292 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.38% of Legacy Housing worth $2,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Legacy Housing in the second quarter worth about $28,000. SG Americas Securities LLC acquired a new stake in Legacy Housing in the third quarter worth about $121,000. Exchange Traded Concepts LLC acquired a new stake in Legacy Housing in the third quarter worth about $292,000. Assenagon Asset Management S.A. bought a new position in Legacy Housing during the third quarter worth about $365,000. Finally, Marshall Wace LLP bought a new position in Legacy Housing during the second quarter worth about $375,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $25.20, for a total transaction of $435,960.00. Following the transaction, the chairman now owns 560,041 shares in the company, valued at $14,113,033.20. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 177,566 shares of company stock worth $4,682,137. Insiders own 30.60% of the company’s stock.

Legacy Housing Trading Down 1.0 %

Shares of LEGH opened at $25.41 on Monday. Legacy Housing Co. has a 1 year low of $19.42 and a 1 year high of $29.31. The stock has a market cap of $613.85 million, a P/E ratio of 11.71 and a beta of 1.10. The stock’s 50-day moving average price is $26.04 and its two-hundred day moving average price is $25.66.

Legacy Housing Profile

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.