Tributary Capital Management LLC Sells 15,643 Shares of LGI Homes, Inc. $LGIH

Tributary Capital Management LLC trimmed its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,913 shares of the financial services provider’s stock after selling 15,643 shares during the period. Tributary Capital Management LLC owned 0.85% of LGI Homes worth $10,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its holdings in LGI Homes by 8.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,023 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 245 shares during the period. Exencial Wealth Advisors LLC lifted its position in shares of LGI Homes by 8.0% during the first quarter. Exencial Wealth Advisors LLC now owns 3,621 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 269 shares in the last quarter. CWM LLC lifted its position in shares of LGI Homes by 50.3% during 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of LGI Homes by 453.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 531 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 435 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of LGI Homes by 6.4% during the first quarter. Victory Capital Management Inc. now owns 7,534 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 454 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Trading Down 2.8%

Shares of LGIH stock opened at $45.77 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 18.18. LGI Homes, Inc. has a 52-week low of $42.69 and a 52-week high of $114.56. The company has a market capitalization of $1.06 billion, a PE ratio of 6.90 and a beta of 1.77. The business’s fifty day moving average is $56.42 and its 200 day moving average is $55.26.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.15. LGI Homes had a return on equity of 8.00% and a net margin of 7.63%.The company had revenue of $483.49 million for the quarter, compared to the consensus estimate of $546.96 million. During the same quarter last year, the business posted $2.48 earnings per share. The firm’s revenue was down 19.8% compared to the same quarter last year. On average, equities research analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LGIH has been the topic of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of LGI Homes in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on LGI Homes from $47.00 to $48.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. Wedbush restated a “neutral” rating and set a $95.00 target price on shares of LGI Homes in a research report on Monday, October 6th. JMP Securities increased their target price on LGI Homes from $75.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 27th. Finally, Citigroup restated a “market outperform” rating on shares of LGI Homes in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.