NBC Securities Inc. Has $295,000 Stock Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

NBC Securities Inc. cut its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,540 shares of the financial services provider’s stock after selling 164 shares during the quarter. NBC Securities Inc.’s holdings in LGI Homes were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Wasatch Advisors LP boosted its holdings in LGI Homes by 4.3% in the fourth quarter. Wasatch Advisors LP now owns 1,328,778 shares of the financial services provider’s stock worth $176,940,000 after purchasing an additional 54,606 shares in the last quarter. CDAM UK Ltd boosted its holdings in LGI Homes by 14.7% in the fourth quarter. CDAM UK Ltd now owns 674,960 shares of the financial services provider’s stock worth $89,878,000 after purchasing an additional 86,265 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in LGI Homes by 24.5% in the fourth quarter. Tributary Capital Management LLC now owns 133,742 shares of the financial services provider’s stock worth $17,809,000 after purchasing an additional 26,280 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in LGI Homes by 102.7% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 35,149 shares of the financial services provider’s stock worth $4,680,000 after purchasing an additional 17,811 shares in the last quarter. Finally, Polen Capital Management LLC bought a new stake in LGI Homes in the fourth quarter worth $3,360,000. 84.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LGIH has been the subject of a number of recent research reports. Wedbush reiterated an “underperform” rating and issued a $74.00 price objective on shares of LGI Homes in a report on Thursday, June 6th. StockNews.com cut shares of LGI Homes from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Finally, JMP Securities restated a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a report on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, LGI Homes presently has an average rating of “Hold” and an average target price of $110.50.

LGI Homes Stock Down 1.7 %

LGIH stock opened at $90.03 on Friday. The company has a 50-day moving average of $95.96 and a two-hundred day moving average of $110.62. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.25 and a beta of 1.91. The company has a debt-to-equity ratio of 0.74, a current ratio of 12.36 and a quick ratio of 0.43. LGI Homes, Inc. has a 52-week low of $84.15 and a 52-week high of $141.91.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.30). The company had revenue of $390.90 million for the quarter, compared to analyst estimates of $400.00 million. LGI Homes had a net margin of 8.37% and a return on equity of 10.43%. The firm’s quarterly revenue was down 19.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. As a group, equities research analysts anticipate that LGI Homes, Inc. will post 9.07 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.