Quantbot Technologies LP Takes $1.97 Million Position in LGI Homes, Inc. $LGIH

Quantbot Technologies LP acquired a new stake in LGI Homes, Inc. (NASDAQ:LGIH) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 30,979 shares of the financial services provider’s stock, valued at approximately $1,973,000. Quantbot Technologies LP owned approximately 0.13% of LGI Homes as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LGIH. Caitong International Asset Management Co. Ltd grew its holdings in LGI Homes by 75.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 237 shares during the last quarter. GAMMA Investing LLC raised its position in shares of LGI Homes by 14.7% in the second quarter. GAMMA Investing LLC now owns 2,093 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 269 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of LGI Homes by 106.6% in 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 last quarter. Pinnacle Holdings LLC lifted its stake in shares of LGI Homes by 3.7% in the fourth quarter. Pinnacle Holdings LLC now owns 11,174 shares of the financial services provider’s stock worth $480,000 after buying an additional 396 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of LGI Homes by 1.5% in the third quarter. Swiss National Bank now owns 40,781 shares of the financial services provider’s stock valued at $2,109,000 after purchasing an additional 600 shares during the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Price Performance

Shares of LGI Homes stock opened at $58.25 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 17.74 and a quick ratio of 0.61. The company has a market cap of $1.35 billion, a PE ratio of 20.44 and a beta of 1.83. The firm has a fifty day moving average price of $58.77 and a two-hundred day moving average price of $50.91. LGI Homes, Inc. has a fifty-two week low of $33.55 and a fifty-two week high of $69.50.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $516.05 million for the quarter, compared to the consensus estimate of $489.23 million. LGI Homes had a net margin of 3.88% and a return on equity of 3.55%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 EPS.

Analyst Ratings Changes

Several equities analysts recently weighed in on LGIH shares. Weiss Ratings cut LGI Homes from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on LGI Homes from $38.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised LGI Homes from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.75.

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.