LGI Homes, Inc. $LGIH Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP boosted its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 16.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,471 shares of the financial services provider’s stock after purchasing an additional 29,679 shares during the quarter. Wasatch Advisors LP owned about 0.92% of LGI Homes worth $13,594,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Royce & Associates LP increased its stake in shares of LGI Homes by 53.2% in the fourth quarter. Royce & Associates LP now owns 87,729 shares of the financial services provider’s stock worth $3,769,000 after acquiring an additional 30,461 shares during the period. Jennison Associates LLC lifted its position in LGI Homes by 58.6% during the fourth quarter. Jennison Associates LLC now owns 28,957 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 10,695 shares during the period. Fulcrum Asset Management LLP boosted its holdings in LGI Homes by 7,903.8% in the fourth quarter. Fulcrum Asset Management LLP now owns 21,050 shares of the financial services provider’s stock valued at $904,000 after purchasing an additional 20,787 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in LGI Homes by 5.4% in the first quarter. Altshuler Shaham Ltd now owns 1,087,263 shares of the financial services provider’s stock valued at $42,980,000 after purchasing an additional 55,465 shares during the last quarter. Finally, CDAM UK Ltd grew its position in LGI Homes by 15.4% during the 4th quarter. CDAM UK Ltd now owns 743,153 shares of the financial services provider’s stock worth $31,926,000 after purchasing an additional 99,090 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Trading Down 1.6%

Shares of LGIH opened at $56.90 on Thursday. LGI Homes, Inc. has a 52-week low of $33.55 and a 52-week high of $69.50. The company has a quick ratio of 0.61, a current ratio of 17.74 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average is $57.85 and its two-hundred day moving average is $50.48. The stock has a market cap of $1.32 billion, a PE ratio of 19.96 and a beta of 1.83.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings upgraded LGI Homes from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Zacks Research upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Two investment 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’s stock. Based on data from MarketBeat.com, LGI Homes currently has a consensus rating of “Hold” and an average price target of $72.75.

About LGI Homes

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.