CDAM UK Ltd Has $31.93 Million Stake in LGI Homes, Inc. $LGIH

CDAM UK Ltd grew its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 15.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 743,153 shares of the financial services provider’s stock after acquiring an additional 99,090 shares during the period. LGI Homes comprises approximately 5.8% of CDAM UK Ltd’s investment portfolio, making the stock its 10th biggest holding. CDAM UK Ltd owned approximately 3.22% of LGI Homes worth $31,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LGIH. Royal Bank of Canada raised its stake in shares of LGI Homes by 58.7% during the first quarter. Royal Bank of Canada now owns 4,721 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 1,746 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of LGI Homes by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,502 shares of the financial services provider’s stock valued at $831,000 after acquiring an additional 621 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in LGI Homes by 5.3% during the first quarter. Goldman Sachs Group Inc. now owns 250,142 shares of the financial services provider’s stock worth $16,627,000 after buying an additional 12,524 shares during the period. Russell Investments Group Ltd. lifted its holdings in LGI Homes by 106.6% during the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock worth $30,000 after buying an additional 305 shares during the period. Finally, Invesco Ltd. lifted its holdings in LGI Homes by 19.0% during the second quarter. Invesco Ltd. now owns 85,400 shares of the financial services provider’s stock worth $4,400,000 after buying an additional 13,611 shares during the period. Institutional investors own 84.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LGIH shares. JPMorgan Chase & Co. upped their target price on LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Zacks Research upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings restated a “sell (d)” rating on shares of LGI Homes in a report on Friday, May 22nd. Finally, Wall Street Zen upgraded LGI Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.75.

LGI Homes Stock Performance

Shares of LGIH stock opened at $54.05 on Friday. The business’s fifty day simple moving average is $45.42 and its 200-day simple moving average is $47.39. The company has a market cap of $1.26 billion, a PE ratio of 17.72 and a beta of 1.87. The company has a current ratio of 18.56, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81. LGI Homes, Inc. has a 12-month low of $33.55 and a 12-month high of $69.50.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.22. The business had revenue of $319.74 million for the quarter, compared to the consensus estimate of $328.22 million. LGI Homes had a return on equity of 3.80% and a net margin of 4.22%.The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. Analysts expect that LGI Homes, Inc. will post 2.76 earnings per share for the current fiscal year.

LGI Homes Profile

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.