Tributary Capital Management LLC Purchases 28,095 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Khrom Capital Management LLC boosted its position in shares of LGI Homes by 19.4% during the 4th quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock valued at $97,965,000 after purchasing an additional 177,698 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of LGI Homes in the fourth quarter worth about $15,507,000. GAMMA Investing LLC grew its stake in shares of LGI Homes by 21,108.3% in the first quarter. GAMMA Investing LLC now owns 58,959 shares of the financial services provider's stock worth $3,919,000 after purchasing an additional 58,681 shares during the last quarter. Millennium Management LLC increased its position in LGI Homes by 96.5% during 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, Vanguard Group Inc. increased its holdings in shares of LGI Homes by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider's stock worth $203,377,000 after purchasing an additional 54,039 shares in the last quarter. Institutional investors own 84.89% of the company's stock.

Analyst Ratings Changes

LGIH has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating for the company in a report on Wednesday, July 9th. Wedbush reissued a "neutral" rating and set a $93.00 price objective on shares of LGI Homes in a report on Monday, July 7th. Finally, JMP Securities restated a "market outperform" rating and set a $140.00 target price on shares of LGI Homes in a research report on Wednesday, April 30th.

LGI Homes Trading Up 1.5%

LGIH traded up $0.79 during trading on Thursday, hitting $52.30. 210,949 shares of the company's stock were exchanged, compared to its average volume of 261,517. The firm has a market cap of $1.22 billion, a P/E ratio of 6.75 and a beta of 1.76. The stock has a 50 day moving average price of $52.51 and a 200 day moving average price of $66.59. The company has a current ratio of 16.58, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80. LGI Homes, Inc. has a 1 year low of $47.17 and a 1 year high of $125.83.

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