Legacy Education (NYSEAMERICAN:LGCY) Shares Down 0.6% – Here’s What Happened

Shares of Legacy Education Inc. (NYSEAMERICAN:LGCY) fell 0.6% during trading on Tuesday . The company traded as low as $11.03 and last traded at $11.17. 43,479 shares traded hands during trading, a decline of 35% from the average session volume of 67,325 shares. The stock had previously closed at $11.24.

Analysts Set New Price Targets

A number of research firms have recently commented on LGCY. Northland Securities set a $14.50 target price on shares of Legacy Education in a research note on Friday, May 15th. LADENBURG THALM/SH SH boosted their target price on shares of Legacy Education from $14.60 to $15.40 and gave the stock a “buy” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $14.95.

Legacy Education Stock Performance

The company has a market cap of $141.30 million, a PE ratio of 18.02 and a beta of 1.13. The firm’s 50 day moving average is $11.98 and its 200-day moving average is $11.47.

Legacy Education (NYSEAMERICAN:LGCY) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.22 earnings per share (EPS) for the quarter. Legacy Education had a net margin of 10.89% and a return on equity of 18.83%. The company had revenue of $21.37 million during the quarter. On average, analysts predict that Legacy Education Inc. will post 0.67 EPS for the current year.

Institutional Trading of Legacy Education

Several large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its holdings in Legacy Education by 260.9% in the 1st quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock valued at $3,255,000 after buying an additional 187,964 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Legacy Education by 87.6% in the 1st quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock valued at $901,000 after buying an additional 33,628 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Legacy Education by 68.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after buying an additional 10,096 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Legacy Education by 481.2% in the 1st quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock valued at $274,000 after buying an additional 18,088 shares in the last quarter.

Legacy Education Company Profile

The Company owns and operates the following career institutions that focus on real-life training by utilizing educational practices in different job markets: High Desert Medical College (“HDMC”), Central Coast College (“CCC”), and Integrity College of Health (“Integrity”). HDMC has three campuses located in Lancaster, California, Bakersfield, California and Temecula, California. HDMC offers the following certificate or degree programs: ultrasound technician (“UT”), vocational nursing (“VN”), VN Associate of Applied Science, Associate Degree of Nursing, nursing assistant, Magnetic Resonance Imaging (“MRI”) Associate of Applied Science, cardiac sonography, pharmacy technician, dental assisting, clinical medical assisting and medical administrative assisting programs (including medical billing and coding programs), veterinary assistant, UT Associate of Applied Science degree, phlebotomy technician and nursing assistant avocational courses, and a number of continuing education programs.