Legacy Housing Co. (NASDAQ:LEGH) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP reduced its position in Legacy Housing Co. (NASDAQ:LEGH) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the company’s stock after selling 10,000 shares during the period. Yacktman Asset Management LP owned about 0.25% of Legacy Housing worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in LEGH. JPMorgan Chase & Co. raised its position in shares of Legacy Housing by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company’s stock worth $148,000 after acquiring an additional 543 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Legacy Housing by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock valued at $153,000 after purchasing an additional 848 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Legacy Housing by 9.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 11,706 shares of the company’s stock worth $289,000 after purchasing an additional 1,030 shares during the period. Bard Associates Inc. boosted its position in Legacy Housing by 0.7% during the third quarter. Bard Associates Inc. now owns 197,414 shares of the company’s stock worth $5,399,000 after purchasing an additional 1,450 shares in the last quarter. Finally, ABS Direct Equity Fund LLC grew its holdings in Legacy Housing by 3.3% in the third quarter. ABS Direct Equity Fund LLC now owns 50,000 shares of the company’s stock valued at $1,368,000 after purchasing an additional 1,574 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Curtis Drew Hodgson sold 6,000 shares of Legacy Housing stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $25.60, for a total value of $153,600.00. Following the sale, the chairman now directly owns 508,522 shares in the company, valued at approximately $13,018,163.20. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 123,952 shares of company stock valued at $3,137,319. 30.60% of the stock is owned by corporate insiders.

Legacy Housing Price Performance

Shares of LEGH stock opened at $27.30 on Tuesday. Legacy Housing Co. has a 1-year low of $19.42 and a 1-year high of $29.31. The company has a market cap of $659.57 million, a price-to-earnings ratio of 12.58 and a beta of 1.09. The stock has a 50 day simple moving average of $24.91 and a 200-day simple moving average of $25.97.

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.