Teza Capital Management LLC Lowers Stock Position in LGI Homes, Inc. $LGIH

Key Points

• Teza Capital Management LLC has reduced its stock position in LGI Homes by 40%, selling 4,632 shares to hold a total of 6,943 shares valued at $462,000.
• Other institutional investors, such as Envestnet Portfolio Solutions Inc. and CWM LLC, have increased their stakes in LGI Homes, indicating a mixed sentiment among investors.
• LGI Homes reported $1.36 EPS for the last quarter, exceeding estimates, but its revenue fell 19.8% year-over-year, amounting to $483.49 million.

Teza Capital Management LLC decreased its position in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 40.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,943 shares of the financial services provider's stock after selling 4,632 shares during the quarter. Teza Capital Management LLC's holdings in LGI Homes were worth $462,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of LGI Homes by 8.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,023 shares of the financial services provider's stock worth $201,000 after acquiring an additional 245 shares in the last quarter. Exencial Wealth Advisors LLC boosted its stake in shares of LGI Homes by 8.0% during the 1st quarter. Exencial Wealth Advisors LLC now owns 3,621 shares of the financial services provider's stock worth $241,000 after acquiring an additional 269 shares in the last quarter. CWM LLC boosted its stake in shares of LGI Homes by 50.3% during the 1st quarter. CWM LLC now owns 1,178 shares of the financial services provider's stock worth $78,000 after acquiring an additional 394 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of LGI Homes by 6.4% during the 1st quarter. Victory Capital Management Inc. now owns 7,534 shares of the financial services provider's stock worth $501,000 after acquiring an additional 454 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LGI Homes by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,881 shares of the financial services provider's stock worth $1,062,000 after acquiring an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company's stock.

LGI Homes Price Performance

LGIH stock opened at $67.01 on Monday. LGI Homes, Inc. has a 1 year low of $47.17 and a 1 year high of $125.83. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 18.18. The stock's 50 day moving average price is $58.53 and its 200 day moving average price is $59.44. The firm has a market cap of $1.55 billion, a P/E ratio of 10.11 and a beta of 1.75.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $546.96 million. During the same quarter in the prior year, the company earned $2.48 EPS. LGI Homes's revenue was down 19.8% on a year-over-year basis. On average, sell-side analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wedbush reissued a "neutral" rating and set a $95.00 price target on shares of LGI Homes in a research note on Friday. JMP Securities boosted their price target on LGI Homes from $75.00 to $85.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 27th. Citigroup reissued a "market outperform" rating on shares of LGI Homes in a research note on Wednesday, August 27th. Finally, JPMorgan Chase & Co. cut their price objective on LGI Homes from $52.00 to $47.00 and set an "underweight" rating for the company in a research report on Wednesday, July 9th. Two 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $75.67.

LGI Homes 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.

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