LGI Homes, Inc. (NASDAQ:LGIH) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in LGI Homes, Inc. (NASDAQ:LGIH) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the financial services provider’s stock after selling 176 shares during the quarter. Amalgamated Bank’s holdings in LGI Homes were worth $723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in shares of LGI Homes by 10.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,855 shares of the financial services provider’s stock valued at $812,000 after purchasing an additional 633 shares in the last quarter. US Bancorp DE raised its holdings in shares of LGI Homes by 6.7% in the 3rd quarter. US Bancorp DE now owns 2,857 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 179 shares in the last quarter. Meitav Investment House Ltd. acquired a new stake in shares of LGI Homes in the 3rd quarter valued at $235,000. First Trust Direct Indexing L.P. acquired a new stake in shares of LGI Homes in the 3rd quarter valued at $235,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in LGI Homes by 5.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 176 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wedbush reiterated a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $126.00.

LGI Homes Stock Performance

NASDAQ:LGIH opened at $104.20 on Friday. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The company has a market cap of $2.45 billion, a P/E ratio of 12.49 and a beta of 1.97. LGI Homes, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $136.89. The firm’s 50 day moving average is $110.58 and its two-hundred day moving average is $103.05.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.41. The company had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.84 earnings per share. Analysts expect that LGI Homes, Inc. will post 8.72 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.