LGI Homes, Inc. $LGIH Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,373 shares of the financial services provider’s stock after selling 1,518 shares during the quarter. Deutsche Bank AG owned about 0.21% of LGI Homes worth $3,215,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC increased its stake in LGI Homes by 801.5% in the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 545 shares in the last quarter. GAMMA Investing LLC increased its stake in LGI Homes by 219.1% in the 1st quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 609 shares in the last quarter. CWM LLC increased its stake in LGI Homes by 50.3% in the 1st quarter. CWM LLC now owns 1,178 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 394 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in LGI Homes by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 141 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in LGI Homes by 10.6% in 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 purchasing an additional 212 shares in the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LGIH. Wedbush reaffirmed a “neutral” rating and issued a $93.00 price objective on shares of LGI Homes in a research note on Monday, July 7th. JMP Securities dropped their price objective on LGI Homes from $140.00 to $75.00 and set a “market outperform” rating for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. dropped their price objective on LGI Homes from $52.00 to $47.00 and set an “underweight” rating for the company in a research note on Wednesday, July 9th. Finally, Citigroup reaffirmed an “outperform” rating on shares of LGI Homes in a research note on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LGI Homes has a consensus rating of “Hold” and a consensus price target of $71.67.

LGI Homes Stock Performance

LGI Homes stock opened at $65.35 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 18.18. The stock has a fifty day moving average of $54.69 and a two-hundred day moving average of $61.45. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.86 and a beta of 1.69. LGI Homes, Inc. has a fifty-two week low of $47.17 and a fifty-two week high of $125.83.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.15. The company had revenue of $483.49 million during the quarter, compared to the consensus estimate of $546.96 million. LGI Homes had a return on equity of 8.00% and a net margin of 7.63%. LGI Homes’s revenue was down 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 earnings per share. On average, analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

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.