LGI Homes (NASDAQ:LGIH) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $70.86 and traded as low as $48.54. LGI Homes shares last traded at $50.29, with a volume of 329,701 shares.

Analysts Set New Price Targets

Several brokerages recently weighed in on LGIH. JMP Securities reissued a "market outperform" rating and issued a $140.00 price objective on shares of LGI Homes in a report on Wednesday, April 30th. Wedbush decreased their price objective on LGI Homes from $100.00 to $93.00 and set a "neutral" rating for the company in a report on Thursday, June 5th.

LGI Homes Stock Up 2.0%

The company has a current ratio of 16.58, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.18 billion, a PE ratio of 6.49 and a beta of 1.77. The stock has a fifty day simple moving average of $53.38 and a two-hundred day simple moving average of $70.86.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted 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). The company had revenue of $351.42 million for the quarter, compared to analysts' expectations of $380.07 million. LGI Homes had a net margin of 8.46% and a return on equity of 9.49%. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. As a group, sell-side analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Summit Investment Advisors Inc. grew its holdings in shares of LGI Homes by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider's stock worth $195,000 after purchasing an additional 141 shares in the last quarter. Mariner LLC lifted its position in LGI Homes by 3.2% in the 4th quarter. Mariner LLC now owns 4,581 shares of the financial services provider's stock worth $410,000 after buying an additional 143 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 worth $198,000 after buying an additional 212 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in LGI Homes by 8.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,023 shares of the financial services provider's stock worth $201,000 after buying an additional 245 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in LGI Homes by 8.0% in the 1st quarter. Exencial Wealth Advisors LLC now owns 3,621 shares of the financial services provider's stock worth $241,000 after buying an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company's stock.

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.

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