EMG Holdings L.P. Acquires Shares of 8,852 LGI Homes, Inc. $LGIH

Key Points

• EMG Holdings L.P. has acquired 8,852 shares of LGI Homes, Inc., valued at approximately $588,000, making it the 17th largest holding in their investment portfolio.
• Institutional ownership of LGI Homes has reached 84.89%, with notable increases in stakes from various investors during the first quarter.
• LGI Homes reported earnings of $1.36 per share, exceeding expectations, but experienced a 19.8% year-over-year decline in revenue.

EMG Holdings L.P. acquired a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,852 shares of the financial services provider's stock, valued at approximately $588,000. LGI Homes makes up 0.3% of EMG Holdings L.P.'s investment portfolio, making the stock its 17th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake in LGI Homes by 12,620.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 631 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of LGI Homes by 219.1% in the first quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider's stock worth $59,000 after acquiring an additional 609 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of LGI Homes in the first quarter worth approximately $71,000. CWM LLC grew its stake in shares of LGI Homes by 50.3% in the first quarter. CWM LLC now owns 1,178 shares of the financial services provider's stock worth $78,000 after acquiring an additional 394 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of LGI Homes by 10.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock worth $198,000 after acquiring an additional 212 shares during the period. 84.89% of the stock is currently owned by institutional investors.

LGI Homes Price Performance

Shares of NASDAQ:LGIH opened at $67.47 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 18.18 and a quick ratio of 0.64. LGI Homes, Inc. has a 1-year low of $47.17 and a 1-year high of $125.83. The company has a market capitalization of $1.56 billion, a P/E ratio of 10.18 and a beta of 1.69. The firm's 50 day simple moving average is $55.71 and its two-hundred day simple moving average is $60.85.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $546.96 million. During the same quarter in the previous year, the firm earned $2.48 earnings per share. The company's revenue for the quarter was down 19.8% on a year-over-year basis. Research analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LGIH. JMP Securities reduced their price target on shares of LGI Homes from $140.00 to $75.00 and set a "market outperform" rating for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. reduced their price target on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating for the company in a research note on Wednesday, July 9th. Wedbush reiterated a "neutral" rating and issued a $93.00 price target on shares of LGI Homes in a research note on Monday, July 7th. Finally, Citigroup reiterated an "outperform" rating on shares of LGI Homes in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, LGI Homes currently has a consensus rating of "Hold" and a consensus price target of $71.67.

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.

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