HSBC Holdings PLC has acquired a new position in Legacy Housing Co. (NASDAQ: LEGH) in the fourth quarter, as per its recent filing with the Securities and Exchange Commission. The firm purchased 13,805 shares of Legacy Housing, valued at around $341,000, representing 0.06% ownership of the company at that time.

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Alongside HSBC Holdings PLC, several other hedge funds and institutional investors have recently increased or decreased their stakes in LEGH. For instance, Barclays PLC saw a 294.1% rise in its Legacy Housing holdings during the third quarter, while JPMorgan Chase & Co. raised its stake by 11.1% in the same period. Exchange Traded Concepts LLC and Meixler Investment Management Ltd. also augmented their positions in the company.

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Legacy Housing’s stock performance has seen fluctuations, with shares opening at $25.32 on a recent trading day. The company, with a market cap of $610.95 million, has a price-to-earnings ratio of 11.67 and a beta of 0.98. Its stock price has ranged from $20.55 to $29.31 over the past year, with a fifty-day simple moving average of $24.78 and a 200-day moving average of $25.24.

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In terms of financial results, Legacy Housing reported earnings of $0.59 per share for the last quarter, surpassing the consensus estimate by $0.07. The company generated revenue of $54.19 million during that period, exceeding analyst forecasts. With a return on equity of 11.85% and a healthy net margin of 33.11%, Legacy Housing has demonstrated solid financial performance.

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Legacy Housing Corporation specializes in manufacturing, selling, and financing manufactured homes and tiny houses primarily in the southern United States. The company offers a range of mobile homes with varying bedrooms and bathrooms, catering to both wholesale and retail customers.

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While Legacy Housing holds a Moderate Buy rating among analysts, there are other stocks that top analysts are recommending as better investment opportunities. Investors are advised to explore these alternative options before making investment decisions. It is essential to stay informed about market trends and expert recommendations to maximize investment returns.

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Investors interested in Legacy Housing can monitor the company’s performance and track any significant developments by reviewing the latest 13F filings and insider trades. Staying abreast of such information can provide valuable insights for making informed investment choices.

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