Bank of New York Mellon Corp Has $1.11 Million Stake in Legacy Housing Co. (NASDAQ:LEGH)

Bank of New York Mellon Corp lowered its holdings in shares of Legacy Housing Co. (NASDAQ:LEGH) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,888 shares of the company’s stock after selling 5,480 shares during the period. Bank of New York Mellon Corp owned about 0.19% of Legacy Housing worth $1,108,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LEGH. Charles Schwab Investment Management Inc. lifted its holdings in shares of Legacy Housing by 193.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company’s stock worth $2,501,000 after acquiring an additional 60,292 shares during the period. Cerity Partners LLC raised its position in Legacy Housing by 141.3% in the third quarter. Cerity Partners LLC now owns 178,276 shares of the company’s stock worth $4,876,000 after purchasing an additional 104,386 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Legacy Housing by 17.8% during the third quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock worth $153,000 after purchasing an additional 848 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Legacy Housing during the third quarter valued at approximately $85,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Legacy Housing in the 3rd quarter valued at approximately $3,211,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Legacy Housing Trading Up 2.7 %

Shares of LEGH opened at $26.44 on Tuesday. The stock has a 50 day simple moving average of $25.75 and a 200-day simple moving average of $25.84. The stock has a market cap of $637.97 million, a PE ratio of 12.18 and a beta of 1.16. Legacy Housing Co. has a 1 year low of $19.42 and a 1 year high of $29.31.

Legacy Housing (NASDAQ:LEGH) last released 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. Legacy Housing had a return on equity of 11.85% and a net margin of 33.11%. The firm had revenue of $54.19 million during the quarter, compared to analyst estimates of $44.59 million.

Insider Activity at Legacy Housing

In other Legacy Housing news, Director Curtis Drew Hodgson sold 9,184 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $24.53, for a total value of $225,283.52. Following the transaction, the director now owns 412,838 shares of the company’s stock, valued at approximately $10,126,916.14. The trade was a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.60% of the stock is currently owned by insiders.

About Legacy Housing

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.