Hantz Financial Services Inc. Buys 1,174 Shares of LGI Homes, Inc. $LGIH

Hantz Financial Services Inc. lifted its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 58,700.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,176 shares of the financial services provider’s stock after purchasing an additional 1,174 shares during the period. Hantz Financial Services Inc.’s holdings in LGI Homes were worth $61,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LGIH. GAMMA Investing LLC grew its holdings 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 worth $59,000 after purchasing an additional 609 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in LGI Homes in the first quarter worth about $206,000. Principal Financial Group Inc. lifted its stake in LGI Homes by 2.7% in the first quarter. Principal Financial Group Inc. now owns 103,084 shares of the financial services provider’s stock worth $6,852,000 after acquiring an additional 2,675 shares during the period. Envestnet Asset Management Inc. lifted its stake in LGI Homes by 17.6% in the first quarter. Envestnet Asset Management Inc. now owns 33,187 shares of the financial services provider’s stock worth $2,206,000 after acquiring an additional 4,958 shares during the period. Finally, CWM LLC lifted its stake in LGI Homes by 50.3% in the first quarter. CWM LLC now owns 1,178 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 394 shares during the period. 84.89% of the stock is currently owned by institutional investors.

LGI Homes Price Performance

Shares of NASDAQ:LGIH opened at $48.63 on Thursday. LGI Homes, Inc. has a twelve month low of $39.70 and a twelve month high of $114.56. The company’s 50 day moving average is $52.30 and its 200 day moving average is $54.29. 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 cap of $1.12 billion, a PE ratio of 7.33 and a beta of 1.75.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). The firm had revenue of $396.63 million for the quarter, compared to analyst estimates of $421.66 million. LGI Homes had a return on equity of 8.00% and a net margin of 7.63%. On average, sell-side analysts forecast that LGI Homes, Inc. will post 8.46 EPS for the current year.

Analyst Upgrades and Downgrades

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

About LGI Homes

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.