Legacy Housing (LEGH) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Legacy Housing (NASDAQ:LEGH) from a hold rating to a sell rating in a research note released on Saturday morning, 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. “

Several other analysts have also recently weighed in on LEGH. B. Riley started coverage on shares of Legacy Housing in a research note on Tuesday, January 8th. They issued a buy rating and a $17.00 price target for the company. Oak Ridge Finl. reissued a buy rating on shares of Legacy Housing in a research note on Tuesday, January 8th.



Legacy Housing stock opened at $11.23 on Friday. Legacy Housing has a 1-year low of $8.93 and a 1-year high of $14.99. The company has a market capitalization of $236.10 million and a PE ratio of 10.50.

Hedge funds have recently modified their holdings of the company. Knott David M acquired a new position in shares of Legacy Housing in the 4th quarter worth approximately $108,000. Victory Capital Management Inc. acquired a new position in shares of Legacy Housing in the 4th quarter worth approximately $1,750,000. B. Riley Financial Inc. acquired a new position in shares of Legacy Housing in the 4th quarter worth approximately $8,767,000. Perritt Capital Management Inc. acquired a new position in shares of Legacy Housing in the 4th quarter worth approximately $1,813,000. Finally, Boston Partners acquired a new position in shares of Legacy Housing in the 4th quarter worth approximately $1,095,000. Hedge funds and other institutional investors own 14.11% of the company’s stock.

About Legacy Housing

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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