Legacy Housing (LEGH) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Legacy Housing (NASDAQ:LEGH) from a hold rating to a sell rating in a report published on Saturday, Zacks.com reports.

According to Zacks, “Legacy Housing Corporation builds, sells and finances manufactured homes distributed through independent retailers and company-owned stores as well as directly to manufactured housing communities. It operates primarily in the southern United States. Legacy Housing Corporation is based in Bedford, Texas. “

A number of other brokerages have also commented on LEGH. B. Riley assumed coverage on shares of Legacy Housing in a report on Tuesday, January 8th. They set a buy rating and a $17.00 price target on the stock. Oak Ridge Finl. reiterated a buy rating on shares of Legacy Housing in a report on Tuesday, January 8th.

Shares of NASDAQ:LEGH opened at $11.70 on Friday. The firm has a market cap of $252.67 million and a PE ratio of 10.93. The company has a current ratio of 3.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Legacy Housing has a 52 week low of $8.93 and a 52 week high of $14.99.

Several large investors have recently modified their holdings of the company. Knott David M acquired a new position in shares of Legacy Housing during the fourth quarter worth $108,000. Northern Trust Corp acquired a new position in Legacy Housing in the fourth quarter valued at $123,000. Mesirow Financial Investment Management Inc. acquired a new position in Legacy Housing in the first quarter valued at $313,000. Monarch Partners Asset Management LLC acquired a new position in Legacy Housing in the fourth quarter valued at $512,000. Finally, Boston Partners acquired a new position in Legacy Housing in the fourth quarter valued at $1,095,000. Institutional investors own 14.11% 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. It manufactures and provides services for the transport of mobile homes; offers wholesale financing services to dealers and mobile home parks; and provides retail financing services to consumers.

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