LGI Homes, Inc. (NASDAQ:LGIH) Shares Acquired by English Capital Management LLC

English Capital Management LLC increased its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,636 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the period. LGI Homes makes up about 2.9% of English Capital Management LLC’s holdings, making the stock its 16th largest holding. English Capital Management LLC’s holdings in LGI Homes were worth $3,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its position in shares of 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 purchasing an additional 108 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of LGI Homes during the 2nd quarter worth about $39,000. Allspring Global Investments Holdings LLC purchased a new position in shares of LGI Homes in the 3rd quarter valued at about $43,000. KBC Group NV raised its position in shares of LGI Homes by 29.8% during the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 168 shares in the last quarter. Finally, CWM LLC lifted its stake in LGI Homes by 27.5% during 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 last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

LGI Homes Stock Up 3.0 %

LGIH opened at $105.82 on Friday. LGI Homes, Inc. has a one year low of $84.00 and a one year 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 stock has a market capitalization of $2.49 billion, a P/E ratio of 12.69 and a beta of 1.97. The business’s 50-day simple moving average is $110.27 and its 200-day simple moving average is $103.31.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.54 by $0.41. The company had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm’s revenue 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. Analysts anticipate that LGI Homes, Inc. will post 8.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated a “neutral” rating and issued a $125.00 price target on shares of LGI Homes in a research note on Wednesday, November 6th.

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.