Janney Montgomery Scott LLC Grows Position in LGI Homes, Inc. (NASDAQ:LGIH)

Janney Montgomery Scott LLC raised its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 22.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,406 shares of the financial services provider’s stock after buying an additional 623 shares during the quarter. Janney Montgomery Scott LLC’s holdings in LGI Homes were worth $226,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings in LGI Homes by 801.5% during the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock valued at $55,000 after buying an additional 545 shares in the last quarter. GAMMA Investing LLC grew its holdings in LGI Homes by 219.1% during the 1st quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider’s stock valued at $59,000 after buying an additional 609 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in LGI Homes by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider’s stock valued at $195,000 after buying an additional 141 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in LGI Homes by 10.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider’s stock valued at $198,000 after buying an additional 212 shares in the last quarter. Finally, NBC Securities Inc. grew its holdings in LGI Homes by 111,600.0% during the 1st quarter. NBC Securities Inc. now owns 2,234 shares of the financial services provider’s stock valued at $148,000 after buying an additional 2,232 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of LGI Homes stock opened at $55.03 on Monday. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 7.10 and a beta of 1.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 16.58. The stock has a 50 day moving average price of $52.82 and a 200-day moving average price of $68.58. LGI Homes, Inc. has a one year low of $47.17 and a one year high of $125.83.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.29). The company had revenue of $351.42 million during the quarter, compared to analysts’ expectations of $380.07 million. LGI Homes had a return on equity of 9.49% and a net margin of 8.46%. LGI Homes’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. Equities analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of LGI Homes in a report on Wednesday, April 30th. Wedbush dropped their target price on LGI Homes from $100.00 to $93.00 and set a “neutral” rating for the company in a report on Thursday, June 5th.

LGI Homes Company Profile

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.