LGI Homes (NASDAQ:LGIH) Stock Price Down 3.1% - Should You Sell?

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) fell 3.1% during trading on Thursday . The stock traded as low as $55.45 and last traded at $54.88. 76,342 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 258,966 shares. The stock had previously closed at $56.61.

Analyst Upgrades and Downgrades

Several research analysts have commented on LGIH shares. Wedbush cut their price objective on LGI Homes from $100.00 to $93.00 and set a "neutral" rating on the stock in a research report on Thursday, June 5th. JMP Securities reissued a "market outperform" rating and set a $140.00 price target on shares of LGI Homes in a research report on Wednesday, April 30th.

LGI Homes Stock Performance

The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.10 and a beta of 1.76. 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 stock's fifty day moving average is $52.90 and its two-hundred day moving average is $69.18.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.29). The company had revenue of $351.42 million for the quarter, compared to the consensus estimate of $380.07 million. LGI Homes had a return on equity of 9.49% and a net margin of 8.46%. The business's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. Analysts forecast that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Hedge Funds Weigh In On LGI Homes

Large investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its stake 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 purchasing an additional 545 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of LGI Homes by 12,620.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider's stock worth $42,000 after purchasing an additional 631 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of LGI Homes by 219.1% in the first 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. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of LGI Homes during the first quarter valued at $71,000. Finally, CWM LLC boosted 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 period. Institutional investors own 84.89% of the company's stock.

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.