Wealth Enhancement Advisory Services LLC Has $383,000 Stock Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Wealth Enhancement Advisory Services LLC grew its position in LGI Homes, Inc. (NASDAQ:LGIH) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,232 shares of the financial services provider’s stock after purchasing an additional 176 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in LGI Homes were worth $383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Altshuler Shaham Ltd increased its holdings in LGI Homes by 5,860.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock valued at $40,696,000 after buying an additional 447,130 shares during the period. Khrom Capital Management LLC bought a new stake in LGI Homes in the 2nd quarter valued at $21,477,000. Bright Financial Advisors Inc. bought a new stake in LGI Homes in the 1st quarter valued at $12,260,000. Marshall Wace LLP boosted its stake in shares of 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 purchasing an additional 92,081 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of LGI Homes by 2,629.8% in the 2nd quarter. Bank of Montreal Can now owns 86,889 shares of the financial services provider’s stock valued at $8,550,000 after purchasing an additional 83,706 shares in the last quarter. Institutional investors own 84.89% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a “neutral” rating and issued a $125.00 target price on shares of LGI Homes in a research note on Wednesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.00.

LGI Homes Stock Down 0.5 %

Shares of NASDAQ:LGIH opened at $109.12 on Friday. The company’s fifty day moving average is $110.55 and its 200-day moving average is $102.77. The company has a market capitalization of $2.57 billion, a PE ratio of 13.08 and a beta of 1.97. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.49 and a current ratio of 12.72. LGI Homes, Inc. has a 52 week low of $84.00 and a 52 week high of $136.89.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.41. The business had revenue of $651.85 million for the quarter, compared to the consensus estimate of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.84 EPS. Equities research analysts predict that LGI Homes, Inc. will post 8.82 earnings per share for the current fiscal year.

LGI Homes 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.