Charles Schwab Investment Management Inc. Has $26.31 Million Stake in LGI Homes, Inc. $LGIH

Key Points

• Charles Schwab Investment Management Inc. increased its stake in LGI Homes by 5.0%, acquiring an additional 19,017 shares during the first quarter, bringing its total holdings to 395,810 shares worth approximately $26.3 million.
• Wall Street analysts have mixed ratings for LGI Homes, with a price target ranging from $47.00 to $140.00, as research firms issue both "market outperform" and "underweight" ratings.
• Despite reporting better-than-expected earnings of $1.36 per share, LGI Homes saw its revenue decline by 19.8% year-over-year, totaling $483.49 million, which was below analyst expectations.

Charles Schwab Investment Management Inc. boosted its position in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 395,810 shares of the financial services provider's stock after purchasing an additional 19,017 shares during the period. Charles Schwab Investment Management Inc. owned 1.69% of LGI Homes worth $26,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in LGI Homes by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider's stock valued at $134,491,000 after acquiring an additional 6,706 shares in the last quarter. Northern Trust Corp grew its stake in shares of LGI Homes by 11.5% in the 4th quarter. Northern Trust Corp now owns 219,547 shares of the financial services provider's stock valued at $19,628,000 after buying an additional 22,615 shares in the last quarter. Tributary Capital Management LLC grew its stake in shares of LGI Homes by 15.0% in the 1st quarter. Tributary Capital Management LLC now owns 215,556 shares of the financial services provider's stock valued at $14,328,000 after buying an additional 28,095 shares in the last quarter. Millennium Management LLC grew its stake in shares of LGI Homes by 96.5% in the 4th quarter. Millennium Management LLC now owns 115,406 shares of the financial services provider's stock valued at $10,317,000 after buying an additional 56,664 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of LGI Homes by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 103,084 shares of the financial services provider's stock valued at $6,852,000 after buying an additional 2,675 shares in the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

LGI Homes Stock Performance

Shares of LGIH traded down $1.9950 during trading hours on Monday, reaching $65.4750. 146,431 shares of the company traded hands, compared to its average volume of 332,083. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 18.18. The stock's fifty day moving average is $55.71 and its 200 day moving average is $60.85. LGI Homes, Inc. has a 1-year low of $47.17 and a 1-year high of $125.83. 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 (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings data 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 return on equity of 8.00% and a net margin of 7.63%.The business had revenue of $483.49 million for the quarter, compared to analysts' expectations of $546.96 million. During the same quarter in the previous year, the business posted $2.48 EPS. LGI Homes's revenue for the quarter was down 19.8% on a year-over-year basis. Equities research analysts anticipate that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LGIH. JMP Securities decreased their price objective on shares of LGI Homes from $140.00 to $75.00 and set a "market outperform" rating for the company in a report on Thursday, August 7th. Citigroup reaffirmed an "outperform" rating on shares of LGI Homes in a research report on Thursday, August 7th. Wedbush reaffirmed a "neutral" rating and set a $93.00 target price on shares of LGI Homes in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. decreased their target price on 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 equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $71.67.

LGI Homes Company 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.