Charles Schwab Investment Management Inc. Has $2.50 Million Stock Position in Legacy Housing Co. (NASDAQ:LEGH)

Charles Schwab Investment Management Inc. increased its holdings in shares of Legacy Housing Co. (NASDAQ:LEGH) by 193.5% during the third quarter, Holdings Channel reports. The fund owned 91,453 shares of the company’s stock after acquiring an additional 60,292 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Legacy Housing were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Premier Path Wealth Partners LLC raised its stake in Legacy Housing by 2.3% during the second quarter. Premier Path Wealth Partners LLC now owns 47,783 shares of the company’s stock worth $1,096,000 after acquiring an additional 1,083 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Legacy Housing by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,517 shares of the company’s stock valued at $1,365,000 after buying an additional 4,287 shares during the last quarter. Innealta Capital LLC bought a new position in Legacy Housing in the 2nd quarter valued at approximately $28,000. Rhumbline Advisers raised its holdings in Legacy Housing by 13.8% in the 2nd quarter. Rhumbline Advisers now owns 17,796 shares of the company’s stock valued at $408,000 after buying an additional 2,152 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Legacy Housing by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 180,736 shares of the company’s stock valued at $4,146,000 after buying an additional 2,014 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Legacy Housing

In related news, Chairman Curtis Drew Hodgson sold 1,311 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $27.71, for a total transaction of $36,327.81. Following the completion of the sale, the chairman now owns 630,541 shares of the company’s stock, valued at $17,472,291.11. This trade represents a 0.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 177,566 shares of company stock worth $4,682,137 in the last quarter. 30.60% of the stock is owned by insiders.

Legacy Housing Price Performance

Shares of NASDAQ LEGH opened at $25.41 on Monday. The company has a 50 day simple moving average of $26.04 and a 200 day simple moving average of $25.66. The firm has a market cap of $613.85 million, a PE ratio of 11.71 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.

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.