Legacy Housing Co. (NASDAQ:LEGH) Stock Holdings Lessened by Empowered Funds LLC

Empowered Funds LLC cut its stake in shares of Legacy Housing Co. (NASDAQ:LEGH) by 47.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,873 shares of the company’s stock after selling 18,729 shares during the period. Empowered Funds LLC owned about 0.09% of Legacy Housing worth $571,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Premier Path Wealth Partners LLC boosted its position in shares of Legacy Housing by 2.3% in the second quarter. Premier Path Wealth Partners LLC now owns 47,783 shares of the company’s stock valued at $1,096,000 after acquiring an additional 1,083 shares during the period. Innealta Capital LLC acquired a new position in Legacy Housing during the 2nd quarter worth $28,000. Bard Associates Inc. boosted its stake in Legacy Housing by 0.7% in the third quarter. Bard Associates Inc. now owns 197,414 shares of the company’s stock valued at $5,399,000 after acquiring an additional 1,450 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Legacy Housing by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 180,736 shares of the company’s stock valued at $4,146,000 after acquiring an additional 2,014 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Legacy Housing in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Insider Activity

In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 6,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $25.60, for a total transaction of $153,600.00. Following the completion of the sale, the chairman now directly owns 508,522 shares in the company, valued at approximately $13,018,163.20. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 154,408 shares of company stock valued at $4,098,530. Insiders own 30.60% of the company’s stock.

Legacy Housing Price Performance

Legacy Housing stock opened at $25.78 on Monday. Legacy Housing Co. has a 1 year low of $19.42 and a 1 year high of $29.31. The company has a market capitalization of $622.84 million, a P/E ratio of 11.88 and a beta of 1.09. The business has a 50 day moving average of $26.54 and a 200-day moving average of $25.37.

Analyst Upgrades and Downgrades

LEGH has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and issued a $29.00 target price on shares of Legacy Housing in a research report on Friday, August 9th. B. Riley reaffirmed a “neutral” rating and issued a $29.00 price target (up previously from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th.

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.