Liontrust Investment Partners LLP Sells 11,256 Shares of LGI Homes, Inc. $LGIH

Key Points

• Liontrust Investment Partners LLP has significantly reduced its stake in LGI Homes by 60.3%, now holding 7,416 shares worth approximately $493,000.
• Other institutional investors have increased their stakes in LGI Homes, with Caitong International Asset Management boosting its ownership by 12,620% during the first quarter.
• LGI Homes' stock has a market capitalization of $1.51 billion and recently reported earnings of $1.36 per share, beating estimates but showing a 19.8% decline in revenue year-over-year.

Liontrust Investment Partners LLP lessened its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 60.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,416 shares of the financial services provider's stock after selling 11,256 shares during the period. Liontrust Investment Partners LLP's holdings in LGI Homes were worth $493,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LGIH. Khrom Capital Management LLC increased its stake in 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 worth $97,965,000 after acquiring an additional 177,698 shares during the period. Raymond James Financial Inc. bought a new position in LGI Homes in the fourth quarter valued at about $15,507,000. Nuveen LLC acquired a new position in LGI Homes during the first quarter worth about $4,313,000. GAMMA Investing LLC boosted its stake in shares of LGI Homes by 21,108.3% in the 1st quarter. GAMMA Investing LLC now owns 58,959 shares of the financial services provider's stock valued at $3,919,000 after purchasing an additional 58,681 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of 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 purchasing an additional 56,664 shares during the last quarter. 84.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup reissued an "outperform" rating on shares of LGI Homes in a report on Thursday, August 7th. JMP Securities decreased their price objective on LGI Homes from $140.00 to $75.00 and set a "market outperform" rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. cut their target price on LGI Homes from $52.00 to $47.00 and set an "underweight" rating on the stock in a report on Wednesday, July 9th. Finally, Wedbush restated a "neutral" rating and set a $93.00 price objective on shares of LGI Homes in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, LGI Homes has a consensus rating of "Hold" and an average target price of $71.67.

LGI Homes Stock Performance

Shares of LGIH stock traded down $2.20 during trading hours on Thursday, hitting $61.22. 94,401 shares of the company were exchanged, compared to its average volume of 329,046. 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 has a fifty day simple moving average of $55.16 and a 200 day simple moving average of $61.50. LGI Homes, Inc. has a 52-week low of $47.17 and a 52-week high of $125.83. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 9.24 and a beta of 1.69.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share for the quarter, topping 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 analyst estimates of $546.96 million. During the same quarter last year, the firm posted $2.48 EPS. The firm's revenue for the quarter was down 19.8% on a year-over-year basis. Research analysts predict that LGI Homes, Inc. will post 8.46 earnings per share 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.