Wealth Enhancement Advisory Services LLC Increases Position in LGI Homes, Inc. (NASDAQ:LGIH)

Wealth Enhancement Advisory Services LLC lifted its holdings in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 213.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,234 shares of the financial services provider's stock after acquiring an additional 6,970 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in LGI Homes were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LGIH. Sterling Capital Management LLC increased its position in LGI Homes by 801.5% in the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock valued at $55,000 after buying an additional 545 shares in the last quarter. GAMMA Investing LLC increased its position in LGI Homes by 219.1% in the 1st quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider's stock valued at $59,000 after buying an additional 609 shares in the last quarter. Summit Investment Advisors Inc. increased its position in LGI Homes by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider's stock valued at $195,000 after buying an additional 141 shares in the last quarter. Tower Research Capital LLC TRC increased its position in LGI Homes by 10.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock valued at $198,000 after buying an additional 212 shares in the last quarter. Finally, NBC Securities Inc. increased 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 worth $148,000 after purchasing an additional 2,232 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. JMP Securities reissued a "market outperform" rating and set a $140.00 price objective on shares of LGI Homes in a report on Wednesday, April 30th. Wedbush reissued a "neutral" rating and set a $93.00 price objective on shares of LGI Homes in a report on Monday.

LGI Homes Stock Down 4.2%

LGIH traded down $2.27 during midday trading on Monday, reaching $52.16. 355,651 shares of the company were exchanged, compared to its average volume of 260,018. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 16.58. The company's fifty day moving average price is $52.67 and its 200 day moving average price is $68.30. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 6.73 and a beta of 1.76. LGI Homes, Inc. has a one year low of $47.17 and a one year high of $125.83.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share 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 business had revenue of $351.42 million during the quarter, compared to analysts' expectations of $380.07 million. During the same quarter in the previous year, the firm earned $0.72 EPS. LGI Homes's quarterly revenue was down 10.1% on a year-over-year basis. As a group, analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current year.

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.