Philadelphia Financial Management of San Francisco LLC Makes New $5.12 Million Investment in LGI Homes, Inc. $LGIH

Key Points

• Philadelphia Financial Management of San Francisco LLC invested $5.12 million in LGI Homes, acquiring approximately 77,068 shares, representing about 0.33% ownership.
• Several hedge funds have increased their stakes in LGI Homes, with notable increases from Millennium Management LLC (96.5%) and Northern Trust Corp (11.5%) in the fourth quarter.
• Analysts have mixed views on LGI Homes, with targets ranging from $47.00 to $95.00 and an average rating of "Hold" as of now.

Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 77,068 shares of the financial services provider's stock, valued at approximately $5,123,000. Philadelphia Financial Management of San Francisco LLC owned approximately 0.33% of LGI Homes as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LGIH. Nuveen LLC acquired a new position in LGI Homes during the first quarter worth $4,313,000. GAMMA Investing LLC increased its position in LGI Homes by 21,108.3% during the first quarter. GAMMA Investing LLC now owns 58,959 shares of the financial services provider's stock worth $3,919,000 after buying an additional 58,681 shares during the last quarter. Millennium Management LLC boosted its holdings in LGI Homes by 96.5% during the fourth quarter. Millennium Management LLC now owns 115,406 shares of the financial services provider's stock valued at $10,317,000 after acquiring an additional 56,664 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in LGI Homes during the first quarter valued at about $2,877,000. Finally, LPL Financial LLC boosted its holdings in LGI Homes by 352.4% during the first quarter. LPL Financial LLC now owns 51,565 shares of the financial services provider's stock valued at $3,428,000 after acquiring an additional 40,166 shares during the period. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

LGI Homes Price Performance

Shares of NASDAQ LGIH traded up $1.98 during trading on Thursday, reaching $63.26. The company had a trading volume of 167,490 shares, compared to its average volume of 335,835. LGI Homes, Inc. has a 52 week low of $47.17 and a 52 week high of $125.83. The business's 50 day moving average price is $59.08 and its 200-day moving average price is $59.39. The stock has a market cap of $1.46 billion, a PE ratio of 9.55 and a beta of 1.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 18.18.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share (EPS) 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 firm had revenue of $483.49 million for the quarter, compared to the consensus estimate of $546.96 million. During the same quarter in the prior year, the business earned $2.48 EPS. The business's revenue for the quarter was down 19.8% compared to the same quarter last year. Analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LGIH shares. Wedbush restated a "neutral" rating and set a $95.00 price target on shares of LGI Homes in a report on Friday, September 5th. Citigroup restated a "market outperform" rating on shares of LGI Homes in a research report on Wednesday, August 27th. JPMorgan Chase & Co. dropped their price objective 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. Finally, JMP Securities raised their price objective on LGI Homes from $75.00 to $85.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $75.67.

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.