Hotchkis & Wiley Capital Management LLC Has $4.79 Million Stake in LGI Homes, Inc. $LGIH

Key Points

• Hotchkis & Wiley Capital Management increased its stake in LGI Homes by 9.9%, owning 72,070 shares worth approximately $4.79 million as of the latest filing.
• LGI Homes reported quarterly earnings with an EPS of $1.36, surpassing analysts' expectations, although its revenue was down by 19.8% compared to the previous year.
• Institutional investors now hold 84.89% of LGI Homes' stock, indicating strong institutional interest and support in the company.

Hotchkis & Wiley Capital Management LLC grew its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 9.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,070 shares of the financial services provider's stock after acquiring an additional 6,500 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.31% of LGI Homes worth $4,790,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LGIH. Mariner LLC lifted its position in shares of LGI Homes by 3.2% in the 4th 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. MetLife Investment Management LLC lifted its position in shares of LGI Homes by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 12,757 shares of the financial services provider's stock worth $1,140,000 after acquiring an additional 701 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of LGI Homes by 10.6% in the 4th 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. Price T Rowe Associates Inc. MD lifted its position in shares of LGI Homes by 9.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,527 shares of the financial services provider's stock worth $1,389,000 after acquiring an additional 1,390 shares during the period. Finally, Two Sigma Securities LLC lifted its position in shares of LGI Homes by 51.3% during the 4th quarter. Two Sigma Securities LLC now owns 4,108 shares of the financial services provider's stock worth $367,000 after buying an additional 1,392 shares during the period. Institutional investors own 84.89% of the company's stock.

LGI Homes Trading Down 1.0%

Shares of NASDAQ LGIH traded down $0.63 during midday trading on Friday, hitting $61.91. The stock had a trading volume of 429,433 shares, compared to its average volume of 443,096. The company's 50-day simple moving average is $57.21 and its 200 day simple moving average is $60.45. The firm has a market cap of $1.43 billion, a P/E ratio of 9.34 and a beta of 1.69. LGI Homes, Inc. has a fifty-two week low of $47.17 and a fifty-two week high of $125.83. 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 (NASDAQ:LGIH - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.36 EPS 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 company had revenue of $483.49 million during the quarter, compared to analysts' expectations of $546.96 million. During the same period last year, the firm earned $2.48 EPS. The business's revenue for the quarter was down 19.8% on a year-over-year basis. Research analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

Analysts Set New Price Targets

LGIH has been the subject of several analyst reports. Wedbush restated a "neutral" rating and set a $93.00 target price on shares of LGI Homes in a research report on Monday, July 7th. Citigroup restated a "market outperform" rating on shares of LGI Homes in a research report on Wednesday. JMP Securities raised their target price on LGI Homes from $75.00 to $85.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut 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 analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.