Punch & Associates Investment Management Inc. Acquires Shares of 100,000 Legacy Education Inc. $LGCY

Punch & Associates Investment Management Inc. acquired a new stake in Legacy Education Inc. (NYSEAMERICAN:LGCY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $1,176,000. Punch & Associates Investment Management Inc. owned 0.79% of Legacy Education at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake 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 during the last quarter. Ancora Advisors LLC lifted its position in Legacy Education by 17.6% during the second quarter. Ancora Advisors LLC now owns 100,225 shares of the company’s stock worth $1,179,000 after acquiring an additional 15,000 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Legacy Education by 481.2% during the first quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock worth $274,000 after acquiring an additional 18,088 shares during the period. Renaissance Technologies LLC grew its position in shares of Legacy Education by 87.6% in the first 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 last quarter. Finally, Manatuck Hill Partners LLC bought a new position in shares of Legacy Education during the second quarter worth approximately $524,000.

Legacy Education Stock Down 0.9%

Shares of NYSEAMERICAN:LGCY opened at $10.52 on Thursday. Legacy Education Inc. has a 12-month low of $7.94 and a 12-month high of $14.70. The company’s 50 day moving average price is $11.42 and its two-hundred day moving average price is $11.96. The firm has a market cap of $133.08 million, a PE ratio of 16.97 and a beta of 1.13.

Analysts Set New Price Targets

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

Legacy Education 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.