LGI Homes, Inc. (NASDAQ:LGIH) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,100 shares of the financial services provider’s stock after selling 176 shares during the quarter. Amalgamated Bank’s holdings in LGI Homes were worth $723,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Altshuler Shaham Ltd boosted its holdings in shares of LGI Homes by 5,860.2% during the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock worth $40,696,000 after purchasing an additional 447,130 shares during the period. Khrom Capital Management LLC acquired a new stake in shares of LGI Homes during the second quarter worth approximately $21,477,000. Marshall Wace LLP boosted its holdings in shares of LGI Homes by 51.8% during the second quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider’s stock worth $24,144,000 after purchasing an additional 92,081 shares during the period. Bank of Montreal Can boosted its holdings in shares of LGI Homes by 2,629.8% during the second quarter. Bank of Montreal Can now owns 86,889 shares of the financial services provider’s stock worth $8,550,000 after purchasing an additional 83,706 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of LGI Homes by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider’s stock worth $134,827,000 after purchasing an additional 53,031 shares during the period. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Stock Down 0.7 %

Shares of NASDAQ:LGIH opened at $104.20 on Friday. LGI Homes, Inc. has a 52 week low of $84.00 and a 52 week high of $136.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The company’s fifty day moving average is $110.58 and its 200-day moving average is $103.05. The company has a market capitalization of $2.45 billion, a PE ratio of 12.49 and a beta of 1.97.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.41. The business had revenue of $651.85 million for the quarter, compared to the consensus estimate of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.84 EPS. Equities research analysts predict that LGI Homes, Inc. will post 8.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush reiterated a “neutral” rating and issued a $125.00 target price on shares of LGI Homes in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.00.

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.