Altshuler Shaham Ltd grew its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 5.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,087,263 shares of the financial services provider's stock after purchasing an additional 55,465 shares during the quarter. Altshuler Shaham Ltd owned approximately 4.68% of LGI Homes worth $42,980,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its stake in LGI Homes by 75.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider's stock worth $28,000 after purchasing an additional 237 shares during the period. Russell Investments Group Ltd. lifted its holdings in LGI Homes by 106.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider's stock worth $30,000 after buying an additional 305 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in LGI Homes in the 4th quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new position in LGI Homes in the 4th quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. increased its holdings in LGI Homes by 1,759.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider's stock worth $38,000 after purchasing an additional 827 shares during the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of LGI Homes from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 21st. Wall Street Zen raised LGI Homes from a "sell" rating to a "hold" rating in a report on Saturday, June 6th. JPMorgan Chase & Co. upped their price objective on LGI Homes from $38.00 to $41.00 and gave the company an "underweight" rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of LGI Homes in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $72.75.
Read Our Latest Stock Analysis on LGI Homes
LGI Homes Stock Up 1.7%
Shares of LGI Homes stock opened at $61.40 on Wednesday. The business's fifty day moving average price is $55.49 and its two-hundred day moving average price is $50.08. The company has a debt-to-equity ratio of 0.81, a current ratio of 18.56 and a quick ratio of 0.70. The company has a market capitalization of $1.43 billion, a P/E ratio of 20.13 and a beta of 1.82. LGI Homes, Inc. has a 1-year low of $33.55 and a 1-year high of $69.50.
LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.22. The company had revenue of $319.74 million during the quarter, compared to analysts' expectations of $328.22 million. LGI Homes had a return on equity of 3.80% and a net margin of 4.22%.The company's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share.
About LGI Homes
(
Free Report)
LGI Homes, Inc NASDAQ: LGIH is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.
In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider LGI Homes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LGI Homes wasn't on the list.
While LGI Homes currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
