Epoch Investment Partners Inc. Has $2.27 Million Stake in LGI Homes, Inc. (NASDAQ:LGIH)

Epoch Investment Partners Inc. lessened its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 81.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,332 shares of the financial services provider’s stock after selling 111,818 shares during the period. Epoch Investment Partners Inc.’s holdings in LGI Homes were worth $2,267,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its stake in LGI Homes by 6.1% during the 2nd quarter. Sei Investments Co. now owns 4,214 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 244 shares during the period. Intech Investment Management LLC acquired a new position in LGI Homes in the second quarter valued at about $242,000. Inspire Investing LLC lifted its position in LGI Homes by 30.2% during the second quarter. Inspire Investing LLC now owns 3,955 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 918 shares during the period. First Eagle Investment Management LLC grew its stake in LGI Homes by 5.6% during the second quarter. First Eagle Investment Management LLC now owns 91,215 shares of the financial services provider’s stock worth $8,163,000 after buying an additional 4,800 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in LGI Homes by 90.7% in the 2nd quarter. Hsbc Holdings PLC now owns 4,402 shares of the financial services provider’s stock valued at $393,000 after buying an additional 2,094 shares during the period. 84.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

LGI Homes Stock Performance

NASDAQ LGIH opened at $118.04 on Tuesday. The firm’s fifty day moving average price is $107.25 and its two-hundred day moving average price is $101.60. The stock has a market cap of $2.78 billion, a PE ratio of 14.76 and a beta of 1.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 12.63. LGI Homes, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $136.89.

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