239,997 Shares in LGI Homes, Inc. (NASDAQ:LGIH) Purchased by Khrom Capital Management LLC

Khrom Capital Management LLC acquired a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 239,997 shares of the financial services provider’s stock, valued at approximately $21,477,000. LGI Homes accounts for about 4.1% of Khrom Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Khrom Capital Management LLC owned approximately 1.02% of LGI Homes at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its position in shares of LGI Homes by 32.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after buying an additional 108 shares in the last quarter. Innealta Capital LLC bought a new stake in LGI Homes during the 2nd quarter worth approximately $39,000. Mather Group LLC. purchased a new position in LGI Homes during the first quarter valued at approximately $47,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of LGI Homes in the first quarter worth approximately $52,000. Finally, Headlands Technologies LLC purchased a new stake in LGI Homes in the 1st quarter worth $130,000. 84.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

LGI Homes Trading Down 0.6 %

LGIH stock opened at $118.04 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 12.63 and a quick ratio of 0.49. LGI Homes, Inc. has a 12 month low of $84.00 and a 12 month high of $136.89. The firm’s 50-day moving average is $107.25 and its 200 day moving average is $101.60. The company has a market capitalization of $2.78 billion, a PE ratio of 14.76 and a beta of 1.95.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.24. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The company had revenue of $602.50 million for the quarter, compared to analysts’ expectations of $617.44 million. During the same period in the prior year, the business earned $2.25 EPS. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. On average, research analysts anticipate 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.