Cwm LLC Increases Stake in LGI Homes, Inc. $LGIH

Cwm LLC grew its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 149.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,933 shares of the financial services provider’s stock after buying an additional 1,755 shares during the quarter. Cwm LLC’s holdings in LGI Homes were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in LGIH. Wealth Enhancement Advisory Services LLC boosted its stake in shares of LGI Homes by 213.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,234 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 6,970 shares during the last quarter. Jump Financial LLC purchased a new position in LGI Homes during the first quarter valued at $2,144,000. Invesco Ltd. lifted its position in LGI Homes by 10.2% during the first quarter. Invesco Ltd. now owns 71,789 shares of the financial services provider’s stock valued at $4,772,000 after purchasing an additional 6,621 shares in the last quarter. GAMMA Investing LLC lifted its position in LGI Homes by 219.1% during the first 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. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in LGI Homes during the first quarter valued at $71,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

NASDAQ:LGIH opened at $40.83 on Friday. The company has a current ratio of 18.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $941.42 million, a P/E ratio of 6.16 and a beta of 1.77. LGI Homes, Inc. has a 12 month low of $40.60 and a 12 month high of $114.56. The business’s 50-day moving average is $53.98 and its 200 day moving average is $54.64.

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

Analyst Ratings Changes

LGIH has been the topic of a number of analyst reports. Capital One Financial set a $60.00 price objective on LGI Homes in a research report on Thursday, October 9th. JPMorgan Chase & Co. lifted their price objective on LGI Homes from $47.00 to $48.50 and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LGI Homes in a report on Wednesday, October 8th. JMP Securities lifted their target price on shares of LGI Homes from $75.00 to $85.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 27th. Finally, Citigroup restated a “market outperform” rating on shares of LGI Homes in a research report on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, LGI Homes has a consensus rating of “Hold” and an average price target of $72.13.

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.