Cwm LLC Has $103,000 Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Cwm LLC grew its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 27.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 867 shares of the financial services provider’s stock after purchasing an additional 187 shares during the quarter. Cwm LLC’s holdings in LGI Homes were worth $103,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LGIH. Altshuler Shaham Ltd boosted its stake in LGI Homes by 5,860.2% during the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock worth $40,696,000 after acquiring an additional 447,130 shares in the last quarter. Khrom Capital Management LLC acquired a new position in shares of LGI Homes during the second quarter valued at about $21,477,000. Wasatch Advisors LP boosted its position in shares of LGI Homes by 9.9% during the 1st quarter. Wasatch Advisors LP now owns 1,460,245 shares of the financial services provider’s stock worth $169,929,000 after purchasing an additional 131,467 shares in the last quarter. Bright Financial Advisors Inc. acquired a new stake in shares of LGI Homes in the 1st quarter valued at about $12,260,000. Finally, Marshall Wace LLP increased its position in LGI Homes by 51.8% in the 2nd quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider’s stock valued at $24,144,000 after buying an additional 92,081 shares in the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of NASDAQ LGIH opened at $102.80 on Friday. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 12.49 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. The firm’s 50-day simple moving average is $110.99 and its 200 day simple moving average is $102.07.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.24. LGI Homes had a return on equity of 10.45% and a net margin of 8.78%. The company had revenue of $602.50 million for the quarter, compared to analyst estimates of $617.44 million. During the same quarter last year, the company earned $2.25 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, research analysts anticipate that LGI Homes, Inc. will post 8.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LGIH. Wedbush reiterated a “neutral” rating and issued a $125.00 price target on shares of LGI Homes in a report on Friday, October 4th. JPMorgan Chase & Co. lowered their target price on LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $126.00.

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.