State of Alaska Department of Revenue Sells 238 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

State of Alaska Department of Revenue lessened its position in LGI Homes, Inc. (NASDAQ:LGIH) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,802 shares of the financial services provider’s stock after selling 238 shares during the period. State of Alaska Department of Revenue owned 0.05% of LGI Homes worth $1,398,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LGIH. First Horizon Advisors Inc. increased its stake in shares of LGI Homes by 32.5% in the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after buying an additional 108 shares during the period. Innealta Capital LLC bought a new stake in LGI Homes during the 2nd quarter worth approximately $39,000. Allspring Global Investments Holdings LLC acquired a new position in LGI Homes in the 3rd quarter valued at approximately $43,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of LGI Homes during the first quarter valued at $52,000. Finally, CWM LLC lifted its holdings in shares of LGI Homes by 27.5% during the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 187 shares during the period. 84.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LGIH has been the subject of a number of recent research reports. Wedbush restated a “neutral” rating and issued a $125.00 price objective on shares of LGI Homes in a report on Friday, October 4th. JPMorgan Chase & Co. decreased their price target on LGI Homes from $95.00 to $93.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $126.00.

LGI Homes Price Performance

Shares of NASDAQ LGIH opened at $102.52 on Monday. The company has a market capitalization of $2.41 billion, a PE ratio of 12.46 and a beta of 1.97. The company has a quick ratio of 0.49, a current ratio of 12.63 and a debt-to-equity ratio of 0.78. LGI Homes, Inc. has a twelve month low of $84.00 and a twelve month high of $136.89. The firm has a fifty day simple moving average of $110.58 and a 200 day simple moving average of $102.25.

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.