Tower Research Capital LLC TRC Has $1.79 Million Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Tower Research Capital LLC TRC raised its position in LGI Homes, Inc. (NASDAQ:LGIHFree Report) by 2,876.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,453 shares of the financial services provider’s stock after purchasing an additional 13,001 shares during the quarter. Tower Research Capital LLC TRC owned 0.06% of LGI Homes worth $1,791,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LGIH. GAMMA Investing LLC acquired a new stake in shares of LGI Homes in the 4th quarter valued at approximately $38,000. First Horizon Advisors Inc. grew its position in shares of LGI Homes by 35.8% in the 4th quarter. First Horizon Advisors Inc. now owns 353 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 93 shares during the period. International Assets Investment Management LLC acquired a new position in shares of LGI Homes during the 4th quarter worth about $71,000. Financial Management Professionals Inc. raised its holdings in shares of LGI Homes by 27.3% in the 4th quarter. Financial Management Professionals Inc. now owns 537 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 115 shares during the period. Finally, CWM LLC lifted its stake in LGI Homes by 164.2% in the 4th quarter. CWM LLC now owns 605 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 376 shares during the last quarter. 84.89% of the stock is currently owned by institutional investors.

LGI Homes Stock Down 0.0 %

LGIH stock opened at $93.00 on Tuesday. LGI Homes, Inc. has a fifty-two week low of $84.15 and a fifty-two week high of $141.91. The company has a debt-to-equity ratio of 0.74, a current ratio of 12.36 and a quick ratio of 0.43. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 11.63 and a beta of 1.91. The business’s fifty day moving average price is $97.45 and its two-hundred day moving average price is $112.26.

LGI Homes (NASDAQ:LGIHGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.72 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.30). LGI Homes had a net margin of 8.37% and a return on equity of 10.43%. The business had revenue of $390.90 million during the quarter, compared to analyst estimates of $400.00 million. During the same quarter last year, the company posted $1.14 earnings per share. The company’s revenue was down 19.8% on a year-over-year basis. On average, equities analysts anticipate that LGI Homes, Inc. will post 9.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on LGIH. JMP Securities reissued a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a research report on Friday, April 5th. Wedbush restated an “underperform” rating and issued a $74.00 price target on shares of LGI Homes in a research note on Thursday, June 6th. Finally, StockNews.com cut shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $110.50.

Get Our Latest Analysis on LGI Homes

About LGI Homes

(Free Report)

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.

See Also

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Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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