Philadelphia Financial Management of San Francisco LLC Buys Shares of 77,068 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 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 77,068 shares of the financial services provider's stock, valued at approximately $5,123,000. Philadelphia Financial Management of San Francisco LLC owned 0.33% of LGI Homes at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of LGI Homes by 12,620.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 631 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of LGI Homes by 219.1% during 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 during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of LGI Homes during the first quarter valued at approximately $71,000. CWM LLC raised its holdings in shares of LGI Homes by 50.3% in the first quarter. CWM LLC now owns 1,178 shares of the financial services provider's stock worth $78,000 after buying an additional 394 shares during the last quarter. Finally, NBC Securities Inc. grew its position in LGI Homes by 111,600.0% during the first quarter. NBC Securities Inc. now owns 2,234 shares of the financial services provider's stock valued at $148,000 after buying an additional 2,232 shares during the period. 84.89% of the stock is currently owned by institutional investors.

LGI Homes Stock Performance

Shares of LGI Homes stock traded down $3.62 during trading on Tuesday, reaching $62.85. The company's stock had a trading volume of 393,556 shares, compared to its average volume of 413,604. The company has a quick ratio of 0.64, a current ratio of 18.18 and a debt-to-equity ratio of 0.85. The firm has a market cap of $1.45 billion, a PE ratio of 9.48 and a beta of 1.75. The business's 50-day moving average price is $58.99 and its 200-day moving average price is $59.38. LGI Homes, Inc. has a 52 week low of $47.17 and a 52 week high of $125.83.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.15. LGI Homes had a net margin of 7.63% and a return on equity of 8.00%. The firm had revenue of $483.49 million for the quarter, compared to analyst estimates of $546.96 million. During the same period in the previous year, the firm posted $2.48 EPS. The company's revenue for the quarter was down 19.8% compared to the same quarter last year. Equities analysts forecast that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LGIH shares. Citigroup reiterated a "market outperform" rating on shares of LGI Homes in a research note on Wednesday, August 27th. JPMorgan Chase & Co. decreased their target price on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating for the company in a research note on Wednesday, July 9th. Wedbush reissued a "neutral" rating and set a $95.00 price target on shares of LGI Homes in a report on Friday. Finally, JMP Securities upped their target price on LGI Homes from $75.00 to $85.00 and gave the company a "market outperform" rating in a report on Wednesday, August 27th. Two 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 company. According to MarketBeat.com, the stock presently 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.