32,256 Shares in LGI Homes, Inc. $LGIH Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC invested approximately $2.14 million in 32,256 shares of LGI Homes during the first quarter, indicating confidence in the company's future performance.
• In the same quarter, institutional investors significantly increased their holdings in LGI Homes, contributing to a collective ownership of 84.89% of the company's stock.
• Despite reporting an EPS of $1.36 that beat analysts' expectations, LGI Homes' revenue for the quarter declined 19.8% compared to the previous year, raising concerns over its financial health.

Jump Financial LLC acquired a new position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,256 shares of the financial services provider's stock, valued at approximately $2,144,000. Jump Financial LLC owned 0.14% of LGI Homes at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Mariner LLC lifted its stake in LGI Homes by 3.2% in the fourth quarter. Mariner LLC now owns 4,581 shares of the financial services provider's stock worth $410,000 after acquiring an additional 143 shares during the period. Tower Research Capital LLC TRC lifted its stake in 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. Envestnet Portfolio Solutions Inc. lifted its stake in 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 worth $201,000 after acquiring an additional 245 shares during the period. Exencial Wealth Advisors LLC lifted its stake in 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 worth $241,000 after acquiring an additional 269 shares during the period. Finally, CWM LLC lifted its stake in 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. 84.89% of the stock is owned by hedge funds and other institutional investors.

LGI Homes Stock Down 1.0%

Shares of NASDAQ:LGIH traded down $0.63 during trading on Friday, reaching $61.91. The stock had a trading volume of 429,433 shares, compared to its average volume of 443,096. LGI Homes, Inc. has a one year low of $47.17 and a one year high of $125.83. The company has a market capitalization of $1.43 billion, a P/E ratio of 8.95 and a beta of 1.69. 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 firm's 50-day simple moving average is $57.21 and its 200 day simple moving average is $60.29.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share for the quarter, beating 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 analysts' expectations of $546.96 million. During the same period last year, the business earned $2.48 EPS. The company's revenue was down 19.8% compared to the same quarter last year. As a group, research analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LGIH has been the subject of a number of research reports. JMP Securities upped their price objective on shares of LGI Homes from $75.00 to $85.00 and gave the stock a "market outperform" rating in a research note on Wednesday. Wedbush reaffirmed a "neutral" rating and issued a $93.00 price objective on shares of LGI Homes in a research note on Monday, July 7th. Citigroup reaffirmed a "market outperform" rating on shares of LGI Homes in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased 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 report on Wednesday, July 9th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $75.00.

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.