Geode Capital Management LLC Raises Stock Holdings in Legacy Housing Co. (NASDAQ:LEGH)

Geode Capital Management LLC boosted its stake in shares of Legacy Housing Co. (NASDAQ:LEGH) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,325 shares of the company’s stock after purchasing an additional 40,729 shares during the quarter. Geode Capital Management LLC’s holdings in Legacy Housing were worth $7,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Legacy Housing during the third quarter valued at about $85,000. SG Americas Securities LLC bought a new position in shares of Legacy Housing during the 3rd quarter worth approximately $121,000. BNP Paribas Financial Markets lifted its position in Legacy Housing by 17.8% during the third quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock valued at $153,000 after acquiring an additional 848 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Legacy Housing in the third quarter valued at approximately $292,000. Finally, Assenagon Asset Management S.A. purchased a new position in Legacy Housing in the third quarter worth $365,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insider Buying and Selling

In other Legacy Housing news, Director Curtis Drew Hodgson sold 17,300 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $24.49, for a total value of $423,677.00. Following the completion of the sale, the director now directly owns 422,022 shares in the company, valued at approximately $10,335,318.78. This trade represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 188,319 shares of company stock worth $4,855,776 in the last ninety days. 30.60% of the stock is owned by insiders.

Legacy Housing Trading Down 2.8 %

Shares of LEGH stock opened at $24.00 on Friday. Legacy Housing Co. has a 12-month low of $19.42 and a 12-month high of $29.31. The business’s fifty day simple moving average is $25.57 and its 200-day simple moving average is $25.77. The company has a market cap of $579.79 million, a PE ratio of 11.06 and a beta of 1.10.

Legacy Housing 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.