Charles Schwab Investment Management Inc. Has $2.24 Million Stock Position in Legacy Housing Co. (NASDAQ:LEGH)

Charles Schwab Investment Management Inc. cut its holdings in shares of Legacy Housing Co. (NASDAQ:LEGH) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,662 shares of the company’s stock after selling 791 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.38% of Legacy Housing worth $2,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meixler Investment Management Ltd. raised its holdings in shares of Legacy Housing by 0.5% in 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 stake in shares of 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 acquiring an additional 543 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Legacy Housing by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock valued at $153,000 after buying an additional 848 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Legacy Housing by 9.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 11,706 shares of the company’s stock worth $289,000 after buying an additional 1,030 shares during the last quarter. Finally, ABS Direct Equity Fund LLC raised its position in shares of Legacy Housing by 3.3% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 50,000 shares of the company’s stock worth $1,368,000 after acquiring an additional 1,574 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Insider Buying and Selling

In related news, Director Curtis Drew Hodgson sold 10,468 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.65, for a total transaction of $247,568.20. Following the completion of the transaction, the director now directly owns 394,254 shares of the company’s stock, valued at approximately $9,324,107.10. This represents a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 30.60% of the stock is currently owned by insiders.

Legacy Housing Stock Down 2.6 %

Shares of LEGH opened at $25.13 on Friday. Legacy Housing Co. has a 52 week low of $19.42 and a 52 week high of $29.31. The stock has a market cap of $606.36 million, a P/E ratio of 11.58 and a beta of 1.16. The business’s 50 day moving average price is $25.85 and its 200-day moving average price is $25.84.

Legacy Housing (NASDAQ:LEGH) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The business had revenue of $54.19 million for the quarter, compared to the consensus estimate of $44.59 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.

Legacy Housing Company 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.