Legacy Education (NYSEAMERICAN:LGCY) Shares Down 0.5% – Should You Sell?

Shares of Legacy Education Inc. (NYSEAMERICAN:LGCY) fell 0.5% on Wednesday. The stock traded as low as $10.06 and last traded at $10.27. 25,077 shares changed hands during trading, a decline of 66% from the average daily volume of 72,701 shares. The stock had previously closed at $10.32.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Legacy Education from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Legacy Education has a consensus rating of “Hold” and an average price target of $14.95.

Legacy Education Stock Performance

The firm has a market cap of $131.30 million, a P/E ratio of 15.53 and a beta of 1.15. The firm has a fifty day moving average of $10.29 and a 200-day moving average of $11.23.

Legacy Education (NYSEAMERICAN:LGCY) last released its quarterly earnings data on Thursday, September 24th. The company reported $0.13 earnings per share (EPS) for the quarter. Legacy Education had a return on equity of 19.04% and a net margin of 11.42%. The business had revenue of $20.10 million during the quarter. Equities research analysts expect that Legacy Education Inc. will post 0.77 earnings per share for the current year.

Hedge Funds Weigh In On Legacy Education

Several institutional investors have recently modified their holdings of LGCY. Punch & Associates Investment Management Inc. bought a new stake in shares of Legacy Education during the second quarter valued at approximately $1,176,000. Polar Asset Management Partners Inc. acquired a new position in shares of Legacy Education during the second quarter worth approximately $3,007,000. Ancora Advisors LLC boosted its position in shares of Legacy Education by 17.6% during the second quarter. Ancora Advisors LLC now owns 100,225 shares of the company’s stock worth $1,179,000 after buying an additional 15,000 shares during the period. Manatuck Hill Partners LLC bought a new position in Legacy Education in the 2nd quarter worth approximately $524,000. Finally, Bard Associates Inc. bought a new position in Legacy Education in the 2nd quarter worth approximately $5,225,000.

Legacy Education Company Profile

Legacy Education, Inc is a postsecondary education company that provides career-focused training through a network of vocational and professional schools. Its programs are designed to prepare students for employment in fields such as healthcare, business, technology and related occupational areas.

The company offers certificate and diploma programs, along with classroom-based and other educational formats. Its schools provide instruction, practical training and student-support services intended to help graduates meet the requirements of their chosen careers.

Legacy Education serves students primarily through campuses in the western United States, including locations in California and Nevada.