Headlands Technologies LLC Has $233,000 Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Headlands Technologies LLC increased its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 133.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,602 shares of the financial services provider’s stock after buying an additional 1,487 shares during the period. Headlands Technologies LLC’s holdings in LGI Homes were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in 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 worth $922,000 after buying an additional 100 shares in the last quarter. First Horizon Advisors Inc. raised its stake in LGI Homes by 32.5% during the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 108 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of LGI Homes by 1.9% in the second quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider’s stock worth $532,000 after acquiring an additional 112 shares during the last quarter. Sei Investments Co. boosted its stake in shares of LGI Homes by 3.3% in the 1st quarter. Sei Investments Co. now owns 3,970 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 126 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of LGI Homes by 5.5% during the 1st quarter. Inspire Investing LLC now owns 3,037 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 159 shares during the last quarter. 84.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on LGIH. Wedbush upgraded shares of LGI Homes from an “underperform” rating to a “neutral” rating and raised their target price for the company from $97.00 to $125.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. cut their price objective on LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, LGI Homes currently has a consensus rating of “Hold” and an average price target of $126.00.

LGI Homes Price Performance

LGIH stock opened at $114.47 on Friday. The company has a market capitalization of $2.69 billion, a P/E ratio of 14.31 and a beta of 1.95. The company has a fifty day moving average price of $103.53 and a 200-day moving average price of $101.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 12.63. LGI Homes, Inc. has a 52-week low of $84.00 and a 52-week high of $136.89.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 earnings per share. As a group, equities analysts expect that LGI Homes, Inc. will post 9.01 EPS for the current 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.