Campbell & CO Investment Adviser LLC Acquires Shares of 43,284 LGI Homes, Inc. $LGIH

Key Points

• Campbell & CO Investment Adviser LLC acquired 43,284 shares of LGI Homes, Inc. valued at approximately $2.88 million, representing about 0.18% ownership of the company.
• Major hedge funds, including Invesco Ltd. and Dimensional Fund Advisors LP, have increased their positions in LGI Homes, highlighting a trend of institutional investment.
• Analysts have issued mixed ratings for LGI Homes, with a consensus rating of “Hold” and a price target averaging $71.67, while recent earnings fell short of revenue expectations despite beating earnings per share estimates.

Campbell & CO Investment Adviser LLC acquired a new position in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,284 shares of the financial services provider's stock, valued at approximately $2,877,000. Campbell & CO Investment Adviser LLC owned about 0.18% of LGI Homes as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in LGI Homes by 30.2% in the 4th quarter. Invesco Ltd. now owns 65,168 shares of the financial services provider's stock valued at $5,826,000 after buying an additional 15,098 shares in the last quarter. Mariner LLC grew its position in shares of LGI Homes by 3.2% in the fourth quarter. Mariner LLC now owns 4,581 shares of the financial services provider's stock valued at $410,000 after purchasing an additional 143 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of LGI Homes by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider's stock valued at $134,491,000 after purchasing an additional 6,706 shares during the period. MetLife Investment Management LLC lifted its holdings in LGI Homes by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 12,757 shares of the financial services provider's stock worth $1,140,000 after purchasing an additional 701 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in LGI Homes by 10.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock worth $198,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company's stock.

LGI Homes Trading Down 0.8%

Shares of LGIH traded down $0.52 during mid-day trading on Wednesday, reaching $62.89. The company's stock had a trading volume of 408,969 shares, compared to its average volume of 437,664. The stock has a market cap of $1.45 billion, a PE ratio of 9.16 and a beta of 1.69. The company has a current ratio of 18.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.85. LGI Homes, Inc. has a 52 week low of $47.17 and a 52 week high of $125.83. The company's fifty day moving average price is $56.63 and its two-hundred day moving average price is $60.77.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.15. LGI Homes had a net margin of 7.63% and a return on equity of 8.00%. The firm had revenue of $483.49 million during the quarter, compared to analyst estimates of $546.96 million. During the same period in the previous year, the business posted $2.48 EPS. The business's quarterly revenue was down 19.8% on a year-over-year basis. On average, analysts predict that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LGIH has been the topic of several analyst reports. JMP Securities upped their price target on LGI Homes from $75.00 to $85.00 and gave the company a "market outperform" rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating for the company in a research report on Wednesday, July 9th. Citigroup restated a "market outperform" rating on shares of LGI Homes in a research report on Wednesday. Finally, Wedbush restated a "neutral" rating and issued a $93.00 price objective on shares of LGI Homes in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $75.00.

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.