LGI Homes, Inc. $LGIH Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 395,810 shares of the financial services provider’s stock after acquiring an additional 19,017 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.69% of LGI Homes worth $26,309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in LGI Homes by 801.5% during the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 545 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of LGI Homes by 219.1% in the first 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. CWM LLC grew its stake in shares of LGI Homes by 50.3% in the first quarter. CWM LLC now owns 1,178 shares of the financial services provider’s stock valued at $78,000 after buying an additional 394 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of LGI Homes by 6.9% in the fourth 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. Finally, Tower Research Capital LLC TRC grew its stake in shares of LGI Homes by 10.6% in the fourth 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. Institutional investors and hedge funds own 84.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LGIH shares. 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. 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. Finally, Citigroup reaffirmed an “outperform” rating on shares of LGI Homes in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, LGI Homes presently has an average rating of “Hold” and an average target price of $71.67.

LGI Homes Trading Down 4.7%

LGIH opened at $63.42 on Thursday. LGI Homes, Inc. has a 12 month low of $47.17 and a 12 month high of $125.83. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.57 and a beta of 1.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 18.18 and a quick ratio of 0.64. The business has a fifty day moving average price of $55.16 and a 200 day moving average price of $61.50.

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

LGI Homes 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.