LGI Homes, Inc. (NASDAQ:LGIH) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 70.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,165 shares of the financial services provider’s stock after selling 9,841 shares during the period. GSA Capital Partners LLP’s holdings in LGI Homes were worth $494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LGIH. First Horizon Advisors Inc. increased its holdings in LGI Homes by 32.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 108 shares during the last quarter. Innealta Capital LLC purchased a new stake in LGI Homes during the 2nd quarter worth approximately $39,000. Allspring Global Investments Holdings LLC purchased a new stake in LGI Homes during the 3rd quarter worth approximately $43,000. CWM LLC increased its holdings in LGI Homes by 27.5% during the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 187 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in LGI Homes during the 2nd quarter worth approximately $203,000. 84.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wedbush restated a “neutral” rating and set a $125.00 price objective on shares of LGI Homes in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, LGI Homes has an average rating of “Hold” and a consensus target price of $126.00.

LGI Homes Price Performance

Shares of NASDAQ LGIH opened at $101.16 on Wednesday. LGI Homes, Inc. has a twelve month low of $84.00 and a twelve month high of $136.89. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 12.13 and a beta of 1.97. The business has a 50 day simple moving average of $110.42 and a 200-day simple moving average of $103.33.

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