Caxton Associates LLP Purchases Shares of 33,541 LGI Homes, Inc. $LGIH

Caxton Associates LLP purchased a new position in LGI Homes, Inc. (NASDAQ:LGIH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,541 shares of the financial services provider’s stock, valued at approximately $1,728,000. Caxton Associates LLP owned approximately 0.15% of LGI Homes as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Voss Capital LP purchased a new position in LGI Homes in the second quarter valued at $11,592,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of LGI Homes in the 1st quarter valued at about $5,123,000. Nuveen LLC acquired a new position in shares of LGI Homes during the first quarter worth about $4,313,000. Shay Capital LLC acquired a new position in shares of LGI Homes during the second quarter worth about $3,235,000. Finally, Jump Financial LLC increased its stake in shares of LGI Homes by 171.3% during the second quarter. Jump Financial LLC now owns 87,515 shares of the financial services provider’s stock worth $4,509,000 after buying an additional 55,259 shares during the period. Hedge funds and other institutional investors own 84.89% of the company’s stock.

Analyst Ratings Changes

LGIH has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $95.00 price target on shares of LGI Homes in a research note on Monday, October 6th. Capital One Financial set a $60.00 price objective on shares of LGI Homes in a research report on Thursday, October 9th. JPMorgan Chase & Co. boosted their target price 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 restated a “sell (d+)” rating on shares of LGI Homes in a research note on Monday, December 8th. Finally, JMP Securities lifted their price target on LGI Homes from $75.00 to $85.00 and gave the stock a “market outperform” rating 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $72.13.

LGI Homes Trading Down 1.5%

NASDAQ LGIH opened at $48.70 on Monday. The firm’s fifty day moving average price is $47.23 and its 200 day moving average price is $52.97. LGI Homes, Inc. has a 12 month low of $39.70 and a 12 month high of $101.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 18.02 and a quick ratio of 0.58. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.75 and a beta of 1.85.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.09). The company had revenue of $396.63 million during the quarter, compared to analyst estimates of $421.66 million. LGI Homes had a net margin of 5.93% and a return on equity of 5.50%. On average, 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.