Mather Group LLC. Invests $47,000 in LGI Homes, Inc. (NASDAQ:LGIH)

Mather Group LLC. bought a new position in LGI Homes, Inc. (NASDAQ:LGIH) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 400 shares of the financial services provider’s stock, valued at approximately $47,000.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in LGI Homes during the 4th quarter worth about $38,000. First Horizon Advisors Inc. lifted its position in LGI Homes by 35.8% during the 4th quarter. First Horizon Advisors Inc. now owns 353 shares of the financial services provider’s stock worth $47,000 after buying an additional 93 shares in the last quarter. International Assets Investment Management LLC acquired a new position in LGI Homes during the 4th quarter worth about $71,000. Financial Management Professionals Inc. lifted its position in LGI Homes by 27.3% during the 4th quarter. Financial Management Professionals Inc. now owns 537 shares of the financial services provider’s stock worth $72,000 after buying an additional 115 shares in the last quarter. Finally, CWM LLC lifted its position in LGI Homes by 164.2% during the 4th quarter. CWM LLC now owns 605 shares of the financial services provider’s stock worth $81,000 after buying an additional 376 shares in the last quarter. Institutional investors own 84.89% of the company’s stock.

LGI Homes Stock Performance

Shares of NASDAQ:LGIH opened at $90.03 on Monday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.25 and a beta of 1.91. The firm’s 50 day simple moving average is $95.96 and its 200 day simple moving average is $110.55. 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 fifty-two week low of $84.15 and a fifty-two week high of $141.91.

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

Wall Street Analysts Forecast Growth

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

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.