LGI Homes, Inc. (NASDAQ:LGIH) Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,556 shares of the financial services provider's stock after buying an additional 28,095 shares during the quarter. Tributary Capital Management LLC owned approximately 0.92% of LGI Homes worth $14,328,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Sterling Capital Management LLC raised its stake in LGI Homes by 801.5% in the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock valued at $55,000 after buying an additional 545 shares during the last quarter. GAMMA Investing LLC boosted its stake in LGI Homes by 219.1% in the 1st quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider's stock worth $59,000 after purchasing an additional 609 shares in the last quarter. CWM LLC grew its position in LGI Homes by 50.3% during the 1st quarter. CWM LLC now owns 1,178 shares of the financial services provider's stock worth $78,000 after purchasing an additional 394 shares during the last quarter. NBC Securities Inc. increased its stake in LGI Homes by 111,600.0% during the 1st quarter. NBC Securities Inc. now owns 2,234 shares of the financial services provider's stock valued at $148,000 after purchasing an additional 2,232 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised 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 worth $195,000 after buying an additional 141 shares during the last quarter. Institutional investors own 84.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LGIH. Wedbush reaffirmed a "neutral" rating and issued a $93.00 price objective on shares of LGI Homes in a report on Monday, July 7th. JMP Securities reissued a "market outperform" rating and issued a $140.00 price target on shares of LGI Homes in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 9th.

LGI Homes Stock Down 2.9%

NASDAQ:LGIH traded down $1.51 during mid-day trading on Friday, hitting $50.79. The stock had a trading volume of 296,279 shares, compared to its average volume of 261,496. LGI Homes, Inc. has a twelve month low of $47.17 and a twelve month high of $125.83. The stock has a 50-day simple moving average of $52.42 and a two-hundred day simple moving average of $66.02. The company has a current ratio of 16.58, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.19 billion, a PE ratio of 6.55 and a beta of 1.76.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.29). LGI Homes had a net margin of 8.46% and a return on equity of 9.49%. The business had revenue of $351.42 million during the quarter, compared to analyst estimates of $380.07 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The business's revenue was down 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

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.