15 institutional investors are raising stakes in Legacy Reserves LP (LGCY)

Legacy Reserves LP (NASDAQ:LGCY) enjoyed a 57.01% run-up in share price since hitting record low of $1.07. The stock managed 6.33% rise and now stands at $1.68 as of 01/03/2018. At recent session, the prices were hovering between $1.5 and $1.68. This company shares are -40.48% up from its target price of $1 and the current market capitalization stands at $108.01M. The recent change has given its price a 14.15% lead over SMA 50 and -39.35% deficit over its 52-week high. The stock witnessed 7.69% gains, 9.8% gains and 14.29% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LGCY’s volatility during a week at 16.63% and during a month it has been found around 9.82%.

Legacy Reserves LP (LGCY) Top Holders

Institutional investors currently hold around $23 million or 20.1% in LGCY stock. Look at its top three institutional owners. Fmr Llc owns $15.17 million in Legacy Reserves LP, which represents roughly 14.04% of the company’s market cap and approximately 65.96% of the institutional ownership. Similar statistics are true for the second largest owner, Credit Suisse Ag/, which owns 2,000,055 shares of the stock are valued at $3.16 million. The third largest holder is Rr Advisors, Llc, which currently holds $1.34 million worth of this stock and that ownership represents nearly 1.24% of its market capitalization.

Legacy Reserves LP 13F Filings

At the end of 09/30/2017 reporting period, 15 institutional holders increased their position in Legacy Reserves LP (NASDAQ:LGCY) by some 1,010,719 shares, 24 decreased positions by 1,393,591 and 20 held positions by 12,318,402. That puts total institutional holdings at 14,722,712 shares, according to SEC filings. The stock grabbed 6 new institutional investments totaling 432,910 shares while 10 institutional investors sold out their entire positions totaling 214,955 shares.

Legacy Reserves LP (NASDAQ:LGCY) Insider Trades

Multiple company employees have indulged in significant insider trading. Legacy Reserves LP disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Vann Kyle D has acquired 25,000 shares of Legacy Reserves LP (LGCY) in trading session dated Mar. 06, 2017. These shares are worth $58,750 and were traded at $2.35 each. The SEC filing shows that Vann Kyle D performed a purchase of 25,000 shares. The Director added these shares by way of transaction on Oct. 01, 2015. The company’s shares were assimilated at $4.17 per share worth to an investment of some $104,250 on account of Vann Kyle D.

EVP & COO, Hammond Kyle, purchased 34,255 common shares of Legacy Reserves LP (LGCY) in the open market. In a transaction dated Aug. 18, 2015, the shares were bought at an average price of $5.83, giving away a sum of $199,707. After this purchase, 188,000 common shares of LGCY are directly owned by the insider, with total stake valued at $315,840.

In the transaction dated Dec. 19, 2014, the great number of shares acquired came courtesy the Director; Vann Kyle D added a total of 5,330 shares at an average price of $18.56, amounting to approximately $98,925. The insider now directly owns 5,330 shares worth $8,954.

Legacy Reserves LP (LGCY) Analyst Guide

Several analysts have released their opinion on Legacy Reserves LP (NASDAQ:LGCY), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.