Legacy Reserves Inc. (NASDAQ:LGCY) went up to recover about -9.42% since recording its record low price of $0.12. The stock experienced -58.27% slump, arriving at $0.11 on 6/11/2019. During the day, the stock price traveled from $0.0825 to $0.145. This company shares are 1718.18% off its target price of $2 and the current market capitalization stands at $12.18M. The recent change has given its price a -70.3% deficit over SMA 50 and -98.54% deficit over its 52-week high. The stock witnessed -71.77% declines, -91.44% declines and -94.45% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LGCY’s volatility during a week at 51.12% and during a month it has been found around 57.35%.

Legacy Reserves Inc. (LGCY) Top Holders

Institutional investors currently hold around $13 million or 42.8% in LGCY stock. Look at its top three institutional owners: Baines Creek Capital, Llc owns $6.44 million in Legacy Reserves Inc., which represents roughly 52.91% of the company’s market cap and approximately 49.57% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 11,898,343 shares of the stock are valued at $3.11 million. The third largest holder is Vanguard Group Inc, which currently holds $1.04 million worth of this stock and that ownership represents nearly 8.55% of its market capitalization.

Legacy Reserves Inc. 13F Filings

At the end of March reporting period, 35 institutional holders increased their position in Legacy Reserves Inc. (NASDAQ:LGCY) by some 5,107,617 shares, 30 decreased positions by 1,924,719 and 19 held positions by 42,102,749. That puts total institutional holdings at 49,135,085 shares, according to SEC filings. The stock grabbed 17 new institutional investments totaling 1,975,379 shares while 15 institutional investors sold out their entire positions totaling 1,515,697 shares.

Legacy Reserves Inc. (NASDAQ:LGCY) Insider Trades

Multiple company employees have indulged in significant insider trading. Legacy Reserves Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Baines Creek Capital, LLC has sold 3,300,000 shares of Legacy Reserves Inc. (LGCY) in the trading session dated Jun. 10, 2019. These shares are worth $990,000 and were traded at $0.3 each. The SEC filing shows that Baines Creek Capital, LLC performed a purchase of 252,514 shares. The 10% Owner added these shares by way of transaction on Mar. 27, 2019. The company’s shares were assimilated at $0.5 per share worth to an investment of some $126,257 to the account of Baines Creek Capital, LLC.

10% Owner, Baines Creek Capital, LLC, purchased 601,000 common shares of Legacy Reserves Inc. (LGCY) in the open market. In a transaction dated Mar. 20, 2019, the shares were bought at an average price of $0.52, giving away a sum of $312,520. After this purchase, 26,496,674 common shares of LGCY are directly owned by the insider, with total stake valued at $2,914,634.

In the transaction dated Mar. 12, 2019, a great number of shares acquired came courtesy the 10% Owner; Baines Creek Capital, LLC added a total of 60,000 shares at an average price of $1.3, amounting to approximately $78,000. The insider now directly owns 25,895,674 shares worth $2,848,524.

Legacy Reserves Inc. (LGCY) Analyst Guide

Several analysts have released their opinion on Legacy Reserves Inc. (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 [T1].