Legacy Housing (NASDAQ:LEGH) PT Lowered to $14.00 at B. Riley

Legacy Housing (NASDAQ:LEGH) had its price objective cut by analysts at B. Riley from $17.00 to $14.00 in a note issued to investors on Wednesday, April 10th, The Fly reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 17.25% from the stock’s current price. B. Riley also issued estimates for Legacy Housing’s Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.33 EPS, FY2019 earnings at $1.12 EPS and FY2020 earnings at $1.43 EPS.

Separately, Oak Ridge Finl. restated a “buy” rating on shares of Legacy Housing in a research report on Tuesday, January 8th.

NASDAQ LEGH traded down $0.32 during trading hours on Wednesday, hitting $11.94. 12,836 shares of the company’s stock traded hands, compared to its average volume of 92,061. The company has a current ratio of 3.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $298.09 million and a price-to-earnings ratio of 11.16. Legacy Housing has a 52 week low of $8.93 and a 52 week high of $14.99.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. B. Riley Financial Inc. bought a new stake in Legacy Housing during the fourth quarter valued at approximately $8,767,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Legacy Housing during the fourth quarter valued at approximately $1,850,000. Perritt Capital Management Inc. purchased a new position in Legacy Housing during the fourth quarter valued at approximately $1,813,000. Victory Capital Management Inc. purchased a new position in Legacy Housing during the fourth quarter valued at approximately $1,750,000. Finally, Boston Partners purchased a new position in Legacy Housing during the fourth quarter valued at approximately $1,095,000. Institutional investors own 13.81% of the company’s stock.

Legacy Housing Company Profile

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms.

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The Fly

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