Teton Advisors LLC Makes New Investment in Legacy Housing Corporation $LEGH

Teton Advisors LLC purchased a new stake in shares of Legacy Housing Corporation (NASDAQ:LEGH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $1,100,000. Teton Advisors LLC owned about 0.17% of Legacy Housing as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Crown Wealth Group LLC acquired a new stake in Legacy Housing in the third quarter valued at approximately $3,865,000. Assenagon Asset Management S.A. purchased a new position in Legacy Housing in the third quarter worth $698,000. Voss Capital LP increased its position in shares of Legacy Housing by 23.4% during the second quarter. Voss Capital LP now owns 1,050,000 shares of the company’s stock worth $23,793,000 after purchasing an additional 198,789 shares in the last quarter. Villanova Investment Management Co LLC increased its position in shares of Legacy Housing by 186.4% during the second quarter. Villanova Investment Management Co LLC now owns 93,027 shares of the company’s stock worth $2,108,000 after purchasing an additional 60,546 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Legacy Housing by 11.1% during the 2nd quarter. Boston Partners now owns 128,937 shares of the company’s stock valued at $2,922,000 after purchasing an additional 12,848 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LEGH shares. CJS Securities downgraded Legacy Housing from a “market outperform” rating to a “market perform” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of Legacy Housing in a research note on Monday, December 22nd. B. Riley Financial decreased their price target on shares of Legacy Housing from $26.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, Zacks Research upgraded shares of Legacy Housing from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Legacy Housing currently has a consensus rating of “Hold” and an average price target of $21.00.

Legacy Housing Stock Down 3.9%

Shares of NASDAQ:LEGH opened at $19.85 on Friday. Legacy Housing Corporation has a 52-week low of $18.83 and a 52-week high of $29.45. The stock has a market cap of $473.82 million, a price-to-earnings ratio of 10.18 and a beta of 0.78. The business has a 50-day moving average price of $21.21 and a 200-day moving average price of $22.69.

Legacy Housing Company 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.