LGI Homes, Inc. $LGIH Shares Sold by CDAM UK Ltd

CDAM UK Ltd lowered its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 6.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 713,413 shares of the financial services provider’s stock after selling 52,797 shares during the quarter. LGI Homes comprises 6.1% of CDAM UK Ltd’s investment portfolio, making the stock its 9th biggest holding. CDAM UK Ltd owned about 3.09% of LGI Homes worth $36,755,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its holdings in LGI Homes by 453.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 531 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 435 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of LGI Homes by 106.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock worth $30,000 after buying an additional 305 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of LGI Homes by 12,620.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider’s stock valued at $42,000 after buying an additional 631 shares in the last quarter. Signaturefd LLC grew its position in shares of LGI Homes by 284.4% in the 2nd quarter. Signaturefd LLC now owns 815 shares of the financial services provider’s stock valued at $42,000 after buying an additional 603 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in LGI Homes during the 1st quarter worth $71,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Stock Performance

NASDAQ LGIH opened at $52.68 on Friday. The firm has a market cap of $1.22 billion, a P/E ratio of 7.95 and a beta of 1.75. LGI Homes, Inc. has a 52-week low of $39.70 and a 52-week high of $112.97. The business’s 50-day moving average price is $47.84 and its 200 day moving average price is $53.35. The company has a quick ratio of 0.64, a current ratio of 18.18 and a debt-to-equity ratio of 0.85.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on LGIH. JMP Securities upped their price objective 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. Wedbush reissued a “neutral” rating and issued a $95.00 target price on shares of LGI Homes in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their price target on LGI Homes from $47.00 to $48.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Capital One Financial set a $60.00 price target on LGI Homes in a research report on Thursday, October 9th. Finally, Citigroup reissued a “market outperform” rating on shares of LGI Homes in a report on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, LGI Homes has a consensus rating of “Hold” and an average price target of $72.13.

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.