MQS Management LLC Invests $386,000 in LGI Homes, Inc. (NASDAQ:LGIH)

MQS Management LLC acquired a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,808 shares of the financial services provider's stock, valued at approximately $386,000.

Several other institutional investors and hedge funds have also bought and sold shares of LGIH. Sterling Capital Management LLC raised its holdings in LGI Homes by 801.5% during the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 545 shares during the period. GAMMA Investing LLC raised its holdings in LGI Homes by 219.1% during the 1st quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 609 shares during the period. CWM LLC raised its holdings in LGI Homes by 50.3% during the 1st quarter. CWM LLC now owns 1,178 shares of the financial services provider's stock valued at $78,000 after acquiring an additional 394 shares during the period. NBC Securities Inc. raised its holdings 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 acquiring an additional 2,232 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in shares of LGI Homes by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider's stock valued at $195,000 after purchasing an additional 141 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Price Performance

Shares of LGI Homes stock traded down $3.60 during trading on Tuesday, hitting $50.82. The stock had a trading volume of 468,197 shares, compared to its average volume of 262,646. LGI Homes, Inc. has a 12 month low of $47.17 and a 12 month high of $125.83. 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 firm has a market cap of $1.19 billion, a price-to-earnings ratio of 6.56 and a beta of 1.76. The business's 50-day moving average is $52.63 and its 200 day moving average is $66.94.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings data 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). LGI Homes had a return on equity of 9.49% and a net margin of 8.46%. The company had revenue of $351.42 million for the quarter, compared to the consensus estimate of $380.07 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The business's revenue was down 10.1% on a year-over-year basis. As a group, sell-side analysts anticipate that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About LGI Homes

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.