Intech Investment Management LLC Boosts Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Intech Investment Management LLC lifted its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 113.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,785 shares of the financial services provider’s stock after acquiring an additional 3,080 shares during the period. Intech Investment Management LLC’s holdings in LGI Homes were worth $686,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in shares of LGI Homes by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock valued at $922,000 after buying an additional 100 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of LGI Homes by 32.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 108 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of LGI Homes by 1.9% during the second quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 112 shares during the period. KBC Group NV raised its stake in LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 168 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of LGI Homes by 5.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 176 shares during the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a report on Wednesday, November 6th.

LGI Homes Stock Down 0.7 %

LGIH stock opened at $109.49 on Friday. The company has a market cap of $2.57 billion, a PE ratio of 13.13 and a beta of 1.97. LGI Homes, Inc. has a twelve month low of $84.00 and a twelve month high of $136.89. The business’s 50-day simple moving average is $109.10 and its 200 day simple moving average is $103.75. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. During the same quarter in the prior year, the firm earned $2.84 EPS. The company’s revenue was up 5.6% on a year-over-year basis. On average, research analysts anticipate that LGI Homes, Inc. will post 8.72 earnings per share for the current 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.