255,677 Shares in Legacy Education Inc. $LGCY Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new position in Legacy Education Inc. (NYSEAMERICAN:LGCY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 255,677 shares of the company’s stock, valued at approximately $3,007,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE grew 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 buying an additional 18,088 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock worth $310,000 after buying an additional 10,096 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in Legacy Education during the second quarter worth about $524,000. BlackRock Inc. acquired a new position in Legacy Education during the second quarter worth about $600,000. Finally, Renaissance Technologies LLC grew 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 acquiring an additional 33,628 shares in the last quarter.

Legacy Education Stock Up 1.5%

Shares of LGCY stock opened at $10.62 on Wednesday. The firm has a 50 day moving average of $11.44 and a two-hundred day moving average of $11.96. The stock has a market capitalization of $134.34 million, a PE ratio of 17.13 and a beta of 1.13. Legacy Education Inc. has a 52 week low of $7.94 and a 52 week high of $14.70.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. LADENBURG THALM/SH SH lifted their price objective on Legacy Education from $14.60 to $15.40 and gave the stock a “buy” rating in a research report on Friday, May 15th. Northland Securities set a $14.50 target price on Legacy Education in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock 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.