Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson Sells 17,300 Shares

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.96, for a total value of $449,108.00. Following the completion of the transaction, the chairman now owns 473,922 shares in the company, valued at $12,303,015.12. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Curtis Drew Hodgson also recently made the following trade(s):

• On Monday, November 25th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $26.53, for a total value of $458,969.00.
• On Thursday, November 21st, Curtis Drew Hodgson sold 6,000 shares of Legacy Housing stock. The stock was sold at an average price of $25.60, for a total transaction of $153,600.00.
• On Monday, November 18th, Curtis Drew Hodgson sold 11,300 shares of Legacy Housing stock. The shares were sold at an average price of $25.64, for a total transaction of $289,732.00.
• On Wednesday, November 13th, Curtis Drew Hodgson sold 500 shares of Legacy Housing stock. The stock was sold at an average price of $27.31, for a total transaction of $13,655.00.
• On Monday, November 11th, Curtis Drew Hodgson sold 16,268 shares of Legacy Housing stock. The shares were sold at an average price of $27.52, for a total value of $447,695.36.
• On Monday, November 4th, Curtis Drew Hodgson sold 7,700 shares of Legacy Housing stock. The stock was sold at an average price of $25.57, for a total value of $196,889.00.
• On Monday, October 28th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $25.20, for a total value of $435,960.00.
• On Monday, October 21st, Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock. The shares were sold at an average price of $27.02, for a total transaction of $35,126.00.
• On Monday, October 14th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $26.42, for a total transaction of $457,066.00.
• On Friday, October 11th, Curtis Drew Hodgson sold 9,180 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total value of $241,158.60.

Legacy Housing Trading Down 1.4 %

Shares of LEGH traded down $0.37 during trading hours on Tuesday, hitting $25.81. 10,915 shares of the stock traded hands, compared to its average volume of 64,313. The business has a fifty day moving average of $26.31 and a 200-day moving average of $25.53. The firm has a market capitalization of $623.57 million, a PE ratio of 12.06 and a beta of 1.10. Legacy Housing Co. has a 1-year low of $19.42 and a 1-year high of $29.31.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LEGH. Vanguard Group Inc. boosted its holdings in Legacy Housing by 5.2% during the first quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after buying an additional 21,995 shares during the last quarter. Progeny 3 Inc. acquired a new stake in shares of Legacy Housing in the 2nd quarter valued at about $1,019,000. Renaissance Technologies LLC raised its holdings in shares of Legacy Housing by 161.0% in the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the company’s stock valued at $922,000 after purchasing an additional 24,800 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Legacy Housing in the third quarter valued at $365,000. Finally, Cerity Partners LLC increased its stake in 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 buying an additional 104,386 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $29.00 price target on shares of Legacy Housing in a report on Friday, August 9th. B. Riley restated a “neutral” rating and issued a $29.00 price objective (up previously from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th.

Legacy Housing Company Profile

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.