Legacy Education (NYSEAMERICAN:LGCY) Stock Price Up 0.7% – What’s Next?

Legacy Education Inc. (NYSEAMERICAN:LGCY)’s share price was up 0.7% during mid-day trading on Wednesday . The stock traded as high as $11.90 and last traded at $11.84. 55,383 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 40,761 shares. The stock had previously closed at $11.76.

Wall Street Analyst Weigh In

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

Legacy Education Stock Up 0.7%

The company has a market cap of $149.78 million, a P/E ratio of 19.10 and a beta of 1.11. The business has a 50-day moving average price of $11.43 and a two-hundred day moving average price of $11.61.

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

Hedge Funds Weigh In On Legacy Education

Several large investors have recently bought and sold shares of LGCY. Dimensional Fund Advisors LP boosted its stake in Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after acquiring an additional 10,096 shares during the last quarter. Bank of America Corp DE raised its position in shares of Legacy Education by 481.2% during the 1st quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock valued at $274,000 after acquiring an additional 18,088 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Legacy Education by 87.6% during the 1st quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock valued at $901,000 after acquiring an additional 33,628 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Legacy Education by 260.9% in the first 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 during the period.

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.