Legacy Education (NYSEAMERICAN:LGCY) Releases Earnings Results

Legacy Education (NYSEAMERICAN:LGCY) issued its quarterly earnings data on Thursday. The company reported $0.14 EPS for the quarter, FiscalAI reports. The firm had revenue of $20.10 million during the quarter. Legacy Education had a return on equity of 18.83% and a net margin of 10.89%.

Legacy Education Price Performance

LGCY traded up $0.33 during midday trading on Thursday, hitting $10.64. 172,847 shares of the company’s stock traded hands, compared to its average volume of 52,818. The company has a market cap of $134.60 million, a PE ratio of 17.16 and a beta of 1.07. The stock’s fifty day simple moving average is $11.01 and its 200-day simple moving average is $11.70. Legacy Education has a one year low of $7.94 and a one year high of $14.70.

Hedge Funds Weigh In On Legacy Education

A number of hedge funds have recently modified their holdings of the stock. Bard Associates Inc. bought a new position in shares of Legacy Education in the second quarter valued at about $5,225,000. Polar Asset Management Partners Inc. bought a new stake in shares of Legacy Education in the second quarter worth about $3,007,000. 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 in the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of Legacy Education in the second quarter valued at about $1,176,000. Finally, BlackRock Inc. bought a new position in Legacy Education in the second quarter valued at $600,000.

Legacy Education Company Profile

Legacy Education, Inc is a postsecondary education company that provides career-focused training and educational programs designed to prepare students for employment in a range of occupational fields. Its offerings are intended to combine classroom instruction with practical, skills-based learning.

The company has historically operated career education institutions serving students in the United States. Its programs have included training related to healthcare and other professional or technical career paths, although the specific schools, programs and operating footprint may change over time.

Legacy Education was previously known as Legacy Education Alliance, Inc and adopted its current name as its business strategy evolved toward postsecondary career education.