Inspire Investing LLC Has $354,000 Stake in LGI Homes, Inc. (NASDAQ:LGIH)

Inspire Investing LLC grew its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 30.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,955 shares of the financial services provider’s stock after buying an additional 918 shares during the period. Inspire Investing LLC’s holdings in LGI Homes were worth $354,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of LGI Homes in the 4th quarter worth approximately $7,776,000. UBS Group AG boosted its stake in LGI Homes by 17.4% during the fourth quarter. UBS Group AG now owns 107,497 shares of the financial services provider’s stock worth $14,314,000 after buying an additional 15,912 shares in the last quarter. Polen Capital Management LLC bought a new stake in LGI Homes in the 4th quarter valued at $3,360,000. Campbell & CO Investment Adviser LLC raised its stake in shares of LGI Homes by 6.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,370 shares of the financial services provider’s stock valued at $3,245,000 after buying an additional 1,525 shares in the last quarter. Finally, CDAM UK Ltd lifted its holdings in shares of LGI Homes by 14.7% during the 4th quarter. CDAM UK Ltd now owns 674,960 shares of the financial services provider’s stock worth $89,878,000 after acquiring an additional 86,265 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LGIH has been the topic of a number of analyst reports. Wedbush raised shares of LGI Homes from an “underperform” rating to a “neutral” rating and upped their target price for the company from $97.00 to $125.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. dropped their target price on LGI Homes from $95.00 to $93.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $126.00.

LGI Homes Trading Down 3.9 %

Shares of LGIH stock opened at $118.72 on Monday. The company has a quick ratio of 0.49, a current ratio of 12.63 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2.80 billion, a P/E ratio of 14.84 and a beta of 1.95. LGI Homes, Inc. has a 12-month low of $84.00 and a 12-month high of $136.89. The firm has a 50-day moving average price of $106.89 and a 200 day moving average price of $101.57.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.24. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The company had revenue of $602.50 million during the quarter, compared to analysts’ expectations of $617.44 million. During the same quarter in the previous year, the company posted $2.25 earnings per share. LGI Homes’s quarterly revenue was down 6.6% compared to the same quarter last year. Research analysts forecast that LGI Homes, Inc. will post 9.01 earnings per share for the current fiscal year.

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.