GAMMA Investing LLC Grows Stock Position in LGI Homes, Inc. $LGIH

GAMMA Investing LLC lifted its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 169.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,387 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. GAMMA Investing LLC’s holdings in LGI Homes were worth $123,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LGIH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of LGI Homes by 20.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,345 shares of the financial services provider’s stock worth $3,964,000 after buying an additional 7,508 shares during the period. NBC Securities Inc. grew its stake in shares of LGI Homes by 111,600.0% in the first quarter. NBC Securities Inc. now owns 2,234 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 2,232 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of LGI Homes by 134.0% in the first quarter. SG Americas Securities LLC now owns 4,477 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 2,564 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of LGI Homes by 34.8% in the first quarter. Handelsbanken Fonder AB now owns 10,065 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of LGI Homes by 213.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,234 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 6,970 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Stock Down 1.1%

LGIH stock opened at $51.71 on Wednesday. LGI Homes, Inc. has a twelve month low of $47.17 and a twelve month high of $119.99. The company has a quick ratio of 0.64, a current ratio of 18.18 and a debt-to-equity ratio of 0.85. The firm has a market cap of $1.19 billion, a PE ratio of 7.80 and a beta of 1.75. The business has a 50 day moving average of $59.73 and a 200 day moving average of $57.57.

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

Analyst Ratings Changes

LGIH has been the topic of several recent analyst reports. JMP Securities raised their target price on LGI Homes from $75.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. cut their target price on LGI Homes from $52.00 to $47.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 9th. Citigroup reissued a “market outperform” rating on shares of LGI Homes in a research note on Wednesday, August 27th. Finally, Wedbush reissued a “neutral” rating and issued a $95.00 target price on shares of LGI Homes in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, LGI Homes has an average rating of “Hold” and a consensus price target of $75.67.

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.