Charles Schwab Investment Management Inc. Sells 791 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Charles Schwab Investment Management Inc. lessened its stake in shares of Legacy Housing Co. (NASDAQ:LEGH) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 90,662 shares of the company’s stock after selling 791 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Legacy Housing were worth $2,238,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cerity Partners LLC raised its position in shares of Legacy Housing by 141.3% in the 3rd quarter. Cerity Partners LLC now owns 178,276 shares of the company’s stock valued at $4,876,000 after purchasing an additional 104,386 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Legacy Housing by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock worth $153,000 after acquiring an additional 848 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Legacy Housing during the third quarter worth about $85,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Legacy Housing during the third quarter worth about $3,211,000. Finally, State Street Corp lifted its position in Legacy Housing by 5.9% in the third quarter. State Street Corp now owns 207,972 shares of the company’s stock valued at $5,688,000 after buying an additional 11,599 shares during the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Legacy Housing Stock Down 2.6 %

LEGH opened at $25.13 on Friday. The business has a fifty day simple moving average of $25.85 and a 200-day simple moving average of $25.84. Legacy Housing Co. has a 52 week low of $19.42 and a 52 week high of $29.31. The firm has a market cap of $606.36 million, a P/E ratio of 11.58 and a beta of 1.16.

Legacy Housing (NASDAQ:LEGH) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $54.19 million during the quarter, compared to the consensus estimate of $44.59 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.

Insider Activity at Legacy Housing

In other Legacy Housing news, Director Curtis Drew Hodgson sold 9,184 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $24.53, for a total transaction of $225,283.52. Following the completion of the transaction, the director now owns 412,838 shares in the company, valued at approximately $10,126,916.14. This represents a 2.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 30.60% of the company’s stock.

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.