English Capital Management LLC Has $3.37 Million Position in LGI Homes, Inc. $LGIH

Key Points

• English Capital Management LLC increased its stake in LGI Homes by 41.6%, acquiring an additional 14,900 shares, bringing its total ownership to approximately 50,760 shares.
• Several institutional investors, including Caitong International Asset Management, significantly boosted their investments in LGI Homes during the first quarter, indicating growing confidence in the company.
• LGI Homes reported a 19.8% decline in year-over-year revenue for the latest quarter, with earnings per share of $1.36, surpassing analyst expectations despite a wider revenue gap.

English Capital Management LLC grew its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 41.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 50,760 shares of the financial services provider's stock after acquiring an additional 14,900 shares during the period. LGI Homes comprises about 2.5% of English Capital Management LLC's portfolio, making the stock its 24th largest holding. English Capital Management LLC owned 0.22% of LGI Homes worth $3,374,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Summit Investment Advisors Inc. lifted its holdings in shares of LGI Homes by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider's stock valued at $195,000 after purchasing an additional 141 shares in the last quarter. Mariner LLC lifted its holdings 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. Tower Research Capital LLC TRC lifted its holdings 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 valued at $198,000 after purchasing an additional 212 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of LGI Homes by 8.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,023 shares of the financial services provider's stock valued at $201,000 after purchasing an additional 245 shares in the last quarter. Finally, Exencial Wealth Advisors LLC lifted its holdings in shares of LGI Homes by 8.0% in the first quarter. Exencial Wealth Advisors LLC now owns 3,621 shares of the financial services provider's stock valued at $241,000 after purchasing an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LGIH. JMP Securities reduced their target price on LGI Homes from $140.00 to $75.00 and set a "market outperform" rating for the company in a report on Thursday, August 7th. Wedbush reaffirmed a "neutral" rating and issued a $93.00 price target on shares of LGI Homes in a research note on Monday, July 7th. Citigroup reaffirmed an "outperform" rating on shares of LGI Homes in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. dropped 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $71.67.

LGI Homes Stock Up 0.8%

LGI Homes stock traded up $0.51 during mid-day trading on Friday, hitting $65.53. 551,112 shares of the company's stock were exchanged, compared to its average volume of 441,370. The company has a current ratio of 18.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.85. The stock has a market cap of $1.51 billion, a P/E ratio of 9.88 and a beta of 1.69. LGI Homes, Inc. has a 1-year low of $47.17 and a 1-year high of $125.83. The stock has a 50 day moving average of $54.41 and a two-hundred day moving average of $61.62.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.21 by $0.15. The firm had revenue of $483.49 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $2.48 earnings per share. As a group, analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

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.