EMG Holdings L.P. Buys New Holdings in 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 LGI Homes, Inc. (NASDAQ:LGIH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,852 shares of the financial services provider's stock, valued at approximately $588,000. LGI Homes accounts for approximately 0.3% of EMG Holdings L.P.'s investment portfolio, making the stock its 17th largest holding.

Other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in LGI Homes by 12,620.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider's stock worth $42,000 after acquiring an additional 631 shares during the period. GAMMA Investing LLC raised its position in LGI Homes by 219.1% during 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 purchased a new stake in shares of LGI Homes during the first quarter worth $71,000. CWM LLC grew its holdings in shares of LGI Homes by 50.3% during the first quarter. CWM LLC now owns 1,178 shares of the financial services provider's stock worth $78,000 after buying an additional 394 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of LGI Homes by 10.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock worth $198,000 after buying an additional 212 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wedbush reaffirmed a "neutral" rating and set a $93.00 target price on shares of LGI Homes in a report on Monday, July 7th. Citigroup reaffirmed a "market outperform" rating on shares of LGI Homes in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating for the company in a report on Wednesday, July 9th. Finally, JMP Securities upped their price objective on shares of LGI Homes from $75.00 to $85.00 and gave the company a "market outperform" rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $75.00.

LGI Homes Trading Down 1.0%

LGIH stock traded down $0.63 during mid-day trading on Friday, hitting $61.91. 429,433 shares of the company were exchanged, compared to its average volume of 443,096. 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 market capitalization of $1.43 billion, a P/E ratio of 9.34 and a beta of 1.69. The business has a fifty day simple moving average of $57.21 and a 200-day simple moving average of $60.45. LGI Homes, Inc. has a 12-month low of $47.17 and a 12-month high of $125.83.

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 (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.15. The business had revenue of $483.49 million for the quarter, compared to analysts' expectations of $546.96 million. LGI Homes had a net margin of 7.63% and a return on equity of 8.00%. The business's quarterly revenue was down 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.48 earnings per share. On average, equities research analysts predict that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

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.