LGI Homes, Inc. (NASDAQ:LGIH) Stock Position Raised by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 0.1% during the third quarter, HoldingsChannel.com reports. The fund owned 88,292 shares of the financial services provider’s stock after acquiring an additional 99 shares during the period. OneDigital Investment Advisors LLC’s holdings in LGI Homes were worth $10,464,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in LGI Homes by 32.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 108 shares during the period. Innealta Capital LLC bought a new position in shares of LGI Homes in the second quarter worth $39,000. Allspring Global Investments Holdings LLC acquired a new position in shares of LGI Homes during the third quarter valued at $43,000. KBC Group NV raised its stake in shares of LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 168 shares in the last quarter. Finally, CWM LLC lifted its holdings in LGI Homes by 27.5% in the third 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 period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a “neutral” rating and set a $125.00 target price on shares of LGI Homes in a research note on Wednesday, November 6th. Two 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’s stock. Based on data from MarketBeat, LGI Homes currently has an average rating of “Hold” and an average target price of $126.00.

LGI Homes Trading Up 1.0 %

NASDAQ LGIH opened at $104.94 on Friday. The firm’s 50 day moving average price is $110.59 and its two-hundred day moving average price is $102.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. LGI Homes, Inc. has a twelve month low of $84.00 and a twelve month high of $136.89. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 12.58 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 for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.32% and a net margin of 8.75%. LGI Homes’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 earnings per share. Equities analysts anticipate that LGI Homes, Inc. will post 8.72 EPS for the current year.

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.