57,870 Shares in LGI Homes, Inc. (NASDAQ:LGIH) Bought by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC acquired a new position in shares of LGI Homes, Inc. (NASDAQ:LGIH) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 57,870 shares of the financial services provider’s stock, valued at approximately $6,859,000.

Several other institutional investors and hedge funds also recently modified their holdings of LGIH. Louisiana State Employees Retirement System grew its holdings in LGI Homes by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock worth $922,000 after acquiring an additional 100 shares during the period. First Horizon Advisors Inc. boosted its position 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 acquiring an additional 108 shares during the period. Arizona State Retirement System boosted its position in LGI Homes by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider’s stock worth $532,000 after acquiring an additional 112 shares during the period. KBC Group NV boosted its position in 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 during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in LGI Homes by 5.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 176 shares during the period. Institutional investors own 84.89% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a “neutral” rating and set a $125.00 price objective on shares of LGI Homes in a research report on Wednesday, November 6th.

LGI Homes Stock Performance

Shares of NASDAQ LGIH opened at $105.71 on Friday. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $108.55 and its two-hundred day moving average is $103.86. The company has a market cap of $2.49 billion, a P/E ratio of 12.68 and a beta of 1.99. LGI Homes, Inc. has a 12 month low of $84.00 and a 12 month high of $136.89.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.41. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. During the same quarter last year, the firm earned $2.84 EPS. LGI Homes’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts expect that LGI Homes, Inc. will post 8.72 EPS 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.