Voss Capital LP Has $14.93 Million Position in Legacy Housing Corporation $LEGH

Voss Capital LP lowered its position in Legacy Housing Corporation (NASDAQ:LEGH) by 28.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 765,000 shares of the company’s stock after selling 302,249 shares during the period. Legacy Housing accounts for 0.7% of Voss Capital LP’s portfolio, making the stock its 23rd largest holding. Voss Capital LP’s holdings in Legacy Housing were worth $14,933,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LEGH. Quarry LP acquired a new position in Legacy Housing in the third quarter worth approximately $26,000. Tower Research Capital LLC TRC increased its holdings in Legacy Housing by 414.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock worth $55,000 after buying an additional 1,940 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Legacy Housing by 179.6% in the fourth quarter. State of Alaska Department of Revenue now owns 3,470 shares of the company’s stock worth $67,000 after buying an additional 2,229 shares during the last quarter. AlphaQuest LLC grew its holdings in Legacy Housing by 3,972.9% during the third quarter. AlphaQuest LLC now owns 3,910 shares of the company’s stock valued at $108,000 after purchasing an additional 3,814 shares during the last quarter. Finally, Strs Ohio acquired a new position in Legacy Housing during the first quarter valued at approximately $124,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Legacy Housing Trading Down 0.2%

LEGH opened at $25.00 on Friday. Legacy Housing Corporation has a 1-year low of $18.28 and a 1-year high of $29.45. The stock has a market capitalization of $594.50 million, a price-to-earnings ratio of 14.04 and a beta of 0.79. The business has a 50 day moving average of $22.38 and a 200-day moving average of $21.23.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Legacy Housing had a return on equity of 8.08% and a net margin of 26.01%.The company had revenue of $34.37 million during the quarter, compared to analysts’ expectations of $38.82 million. Equities analysts predict that Legacy Housing Corporation will post 2.32 EPS for the current year.

Wall Street Analysts Forecast Growth

LEGH has been the topic of several analyst reports. B. Riley Financial reiterated a “neutral” rating on shares of Legacy Housing in a report on Thursday, May 14th. Weiss Ratings upgraded Legacy Housing from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.00.

Legacy Housing 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.