Allspring Global Investments Holdings LLC Buys Shares of 366 LGI Homes, Inc. (NASDAQ:LGIH)

Allspring Global Investments Holdings LLC bought a new position in LGI Homes, Inc. (NASDAQ:LGIH) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 366 shares of the financial services provider’s stock, valued at approximately $43,000.

A number of other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its stake in LGI Homes by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock worth $922,000 after purchasing an additional 100 shares during the period. First Horizon Advisors Inc. raised 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 worth $39,000 after buying an additional 108 shares during the period. Arizona State Retirement System raised its stake 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 buying an additional 112 shares during the period. Sei Investments Co. raised its stake in shares of LGI Homes by 3.3% in the first quarter. Sei Investments Co. now owns 3,970 shares of the financial services provider’s stock worth $462,000 after buying an additional 126 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of LGI Homes by 5.5% in the first quarter. Inspire Investing LLC now owns 3,037 shares of the financial services provider’s stock worth $353,000 after buying an additional 159 shares during the period. Institutional investors own 84.89% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LGIH. Wedbush reissued a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a research note on Friday, October 4th. JPMorgan Chase & Co. dropped their target price on LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $126.00.

LGI Homes Stock Up 1.0 %

LGIH opened at $103.54 on Tuesday. The business’s 50-day simple moving average is $110.58 and its 200-day simple moving average is $102.32. 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 one year low of $84.00 and a one year high of $136.89. The stock has a market capitalization of $2.43 billion, a P/E ratio of 12.46 and a beta of 1.97.

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.