Dynamic Technology Lab Private Ltd Makes New Investment in LGI Homes, Inc. $LGIH

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $501,000 in LGI Homes, acquiring 7,538 shares of the company's stock.
• Several hedge funds have increased their holdings in LGI Homes, with institutional investors owning 84.89% of the company's stock.
• Recent analyst ratings for LGI Homes vary, with a consensus rating of "Hold" and an average price target of $75.67, reflecting mixed outlooks for the stock's performance.

Dynamic Technology Lab Private Ltd bought a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,538 shares of the financial services provider's stock, valued at approximately $501,000.

Other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of LGI Homes by 213.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,234 shares of the financial services provider's stock valued at $680,000 after acquiring an additional 6,970 shares during the period. Jump Financial LLC acquired a new stake in shares of LGI Homes during the 1st quarter valued at about $2,144,000. Invesco Ltd. grew its position in shares of LGI Homes by 10.2% during the 1st quarter. Invesco Ltd. now owns 71,789 shares of the financial services provider's stock valued at $4,772,000 after acquiring an additional 6,621 shares during the period. GAMMA Investing LLC grew its position in shares of LGI Homes by 219.1% during the 1st quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 609 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in LGI Homes in the 1st quarter valued at about $71,000. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Price Performance

LGIH traded down $0.10 during trading on Tuesday, reaching $58.92. The company's stock had a trading volume of 436,655 shares, compared to its average volume of 373,704. The company has a quick ratio of 0.64, a current ratio of 18.18 and a debt-to-equity ratio of 0.85. The firm has a fifty day simple moving average of $59.61 and a two-hundred day simple moving average of $58.87. LGI Homes, Inc. has a 1 year low of $47.17 and a 1 year high of $125.83. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 8.89 and a beta of 1.75.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its earnings results 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 business had revenue of $483.49 million for the quarter, compared to analyst estimates of $546.96 million. During the same period last year, the company posted $2.48 EPS. The business's revenue was down 19.8% on a year-over-year basis. As a group, analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup reaffirmed a "market outperform" rating on shares of LGI Homes in a research note on Wednesday, August 27th. JMP Securities raised their price target on shares of LGI Homes from $75.00 to $85.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 27th. Wedbush reaffirmed a "neutral" rating and issued a $95.00 price target on shares of LGI Homes in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $75.67.

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.