LGI Homes, Inc. (NASDAQ:LGIH) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in LGI Homes, Inc. (NASDAQ:LGIH) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,214 shares of the financial services provider’s stock after purchasing an additional 244 shares during the quarter. Sei Investments Co.’s holdings in LGI Homes were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LGIH. First Horizon Advisors Inc. raised its stake in shares of LGI Homes by 32.5% during the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 108 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of LGI Homes during the 2nd quarter worth about $39,000. Mather Group LLC. acquired a new stake in shares of LGI Homes in the 1st quarter worth approximately $47,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of LGI Homes in the first quarter valued at approximately $52,000. Finally, Headlands Technologies LLC acquired a new position in shares of LGI Homes during the first quarter valued at approximately $130,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of NASDAQ:LGIH opened at $109.26 on Friday. The company has a market capitalization of $2.57 billion, a PE ratio of 13.66 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. The stock has a fifty day moving average of $109.06 and a 200-day moving average of $101.99. LGI Homes, Inc. has a one year low of $84.00 and a one year high of $136.89.

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

Analysts Set New Price Targets

LGIH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on LGI Homes from $95.00 to $93.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Wedbush restated a “neutral” rating and issued a $125.00 price objective on shares of LGI Homes in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.