Legacy Education (NYSEAMERICAN:LGCY) Trading 0.7% Higher – What’s Next?

Legacy Education Inc. (NYSEAMERICAN:LGCY) shot up 0.7% during trading on Thursday . The stock traded as high as $11.90 and last traded at $11.67. Approximately 39,101 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 45,912 shares. The stock had previously closed at $11.59.

Wall Street Analyst Weigh In

LGCY has been the topic of a number of analyst reports. LADENBURG THALM/SH SH lifted their price objective on Legacy Education from $14.60 to $15.40 and gave the company a “buy” rating in a research report on Friday, May 15th. Northland Securities set a $14.50 target price on shares of Legacy Education in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Legacy Education currently has an average rating of “Buy” and a consensus price target of $14.95.

Legacy Education Stock Performance

The stock has a market capitalization of $147.63 million, a P/E ratio of 18.82 and a beta of 1.11. The company’s 50-day moving average price is $11.44 and its 200 day moving average price is $11.79.

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

Hedge Funds Weigh In On Legacy Education

Large investors have recently made changes to their positions in the business. Sei Investments Co. boosted its stake in shares of Legacy Education by 260.9% in the first quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock worth $3,255,000 after acquiring an additional 187,964 shares during the period. Renaissance Technologies LLC raised its stake in 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 purchasing an additional 33,628 shares during the period. Dimensional Fund Advisors LP raised its stake in Legacy Education by 68.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after purchasing an additional 10,096 shares during the period. Finally, Bank of America Corp DE lifted 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 worth $274,000 after purchasing an additional 18,088 shares in the last quarter.

About Legacy Education

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.