Sanctuary Advisors LLC Buys New Position in LGI Homes, Inc. (NASDAQ:LGIH)

Sanctuary Advisors LLC purchased a new position in LGI Homes, Inc. (NASDAQ:LGIH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,818 shares of the financial services provider’s stock, valued at approximately $334,000.

Other large investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of LGI Homes in the 2nd quarter valued at approximately $39,000. Commonwealth Equity Services LLC lifted its stake in shares of LGI Homes by 38.8% during the second quarter. Commonwealth Equity Services LLC now owns 2,702 shares of the financial services provider’s stock worth $242,000 after buying an additional 755 shares during the period. Arizona State Retirement System lifted its stake 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 buying an additional 112 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of LGI Homes by 3.9% in the second quarter. Texas Permanent School Fund Corp now owns 18,649 shares of the financial services provider’s stock worth $1,669,000 after purchasing an additional 707 shares during the last quarter. Finally, LGT Fund Management Co Ltd. raised its stake in shares of LGI Homes by 109.8% in the second quarter. LGT Fund Management Co Ltd. now owns 68,499 shares of the financial services provider’s stock worth $6,130,000 after purchasing an additional 35,854 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Trading Down 1.6 %

Shares of NASDAQ:LGIH opened at $89.59 on Friday. The business’s 50 day moving average price is $103.62 and its 200-day moving average price is $103.97. LGI Homes, Inc. has a 1 year low of $84.00 and a 1 year high of $136.36. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 10.74 and a beta of 1.99. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.41. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The business had revenue of $651.85 million for the quarter, compared to the consensus estimate of $645.27 million. During the same quarter last year, the business posted $2.84 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that LGI Homes, Inc. will post 8.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LGIH. Wedbush reiterated a “neutral” rating and issued a $125.00 price target on shares of LGI Homes in a report on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price objective on LGI Homes from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, December 13th.

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.