LGI Homes, Inc. (NASDAQ:LGIH – Get Free Report) has been given an average rating of “Hold” by the five brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $116.25.
Several brokerages recently weighed in on LGIH. StockNews.com downgraded LGI Homes from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Seaport Res Ptn downgraded LGI Homes from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. JMP Securities restated a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a research report on Tuesday, December 19th. Wedbush restated a “neutral” rating and set a $97.00 price objective on shares of LGI Homes in a research report on Tuesday, February 6th. Finally, TheStreet downgraded LGI Homes from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th.
Insiders Place Their Bets
Institutional Investors Weigh In On LGI Homes
Several institutional investors and hedge funds have recently made changes to their positions in LGIH. US Bancorp DE grew its stake in LGI Homes by 42.9% during the fourth quarter. US Bancorp DE now owns 1,808 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 543 shares during the period. Aigen Investment Management LP acquired a new stake in LGI Homes during the fourth quarter worth approximately $483,000. UBS Group AG grew its stake in LGI Homes by 17.4% during the fourth quarter. UBS Group AG now owns 107,497 shares of the financial services provider’s stock worth $14,314,000 after purchasing an additional 15,912 shares during the period. Norges Bank acquired a new stake in LGI Homes during the fourth quarter worth approximately $7,776,000. Finally, First Eagle Investment Management LLC grew its stake in LGI Homes by 47.8% during the fourth quarter. First Eagle Investment Management LLC now owns 68,065 shares of the financial services provider’s stock worth $9,064,000 after purchasing an additional 22,010 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.
LGI Homes Stock Performance
Shares of NASDAQ LGIH opened at $120.79 on Friday. The stock’s fifty day moving average price is $124.27 and its two-hundred day moving average price is $117.01. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 15.73 and a beta of 1.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 9.31 and a quick ratio of 0.37. LGI Homes has a one year low of $84.15 and a one year high of $141.91.
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 institutions looking to acquire single-family rental properties.
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