Legacy Education (NYSEAMERICAN:LGCY) Stock Price Up 0.7% – Here’s Why

Legacy Education Inc. (NYSEAMERICAN:LGCY)’s stock price traded up 0.7% during trading on Thursday . The company traded as high as $11.90 and last traded at $11.67. Approximately 39,101 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 45,912 shares. The stock had previously closed at $11.59.

Analysts Set New Price Targets

A number of brokerages have weighed in on LGCY. LADENBURG THALM/SH SH lifted their price objective on Legacy Education from $14.60 to $15.40 and gave the company a “buy” rating in a report on Friday, May 15th. Northland Securities set a $14.50 target price on Legacy Education in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $14.95.

Legacy Education Stock Performance

The company has a market capitalization of $148.38 million, a PE ratio of 18.92 and a beta of 1.11. The firm’s 50-day simple moving average is $11.44 and its 200 day simple moving average is $11.79.

Legacy Education (NYSEAMERICAN:LGCY) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.22 earnings per share for the quarter. Legacy Education had a net margin of 10.89% and a return on equity of 18.83%. The business had revenue of $21.37 million for the quarter. As a group, equities analysts anticipate that Legacy Education Inc. will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of Legacy Education by 481.2% during the 1st quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock valued at $274,000 after acquiring an additional 18,088 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Legacy Education by 68.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock worth $310,000 after acquiring an additional 10,096 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Legacy Education by 87.6% in the 1st quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock worth $901,000 after acquiring an additional 33,628 shares during the period. Finally, Sei Investments Co. increased its stake in Legacy Education by 260.9% in the 1st quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock valued at $3,255,000 after purchasing an additional 187,964 shares in the last quarter.

Legacy Education Company Profile

The Company owns and operates the following career institutions that focus on real-life training by utilizing educational practices in different job markets: High Desert Medical College (“HDMC”), Central Coast College (“CCC”), and Integrity College of Health (“Integrity”). HDMC has three campuses located in Lancaster, California, Bakersfield, California and Temecula, California. HDMC offers the following certificate or degree programs: ultrasound technician (“UT”), vocational nursing (“VN”), VN Associate of Applied Science, Associate Degree of Nursing, nursing assistant, Magnetic Resonance Imaging (“MRI”) Associate of Applied Science, cardiac sonography, pharmacy technician, dental assisting, clinical medical assisting and medical administrative assisting programs (including medical billing and coding programs), veterinary assistant, UT Associate of Applied Science degree, phlebotomy technician and nursing assistant avocational courses, and a number of continuing education programs.