LGI Homes, Inc. (NASDAQ:LGIH) Stock Position Decreased by Quest Partners LLC

Quest Partners LLC lessened its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 43.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 273 shares of the financial services provider’s stock after selling 213 shares during the period. Quest Partners LLC’s holdings in LGI Homes were worth $32,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of LGI Homes in the second quarter valued at about $39,000. First Horizon Advisors Inc. boosted its stake in shares of LGI Homes by 32.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 108 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of LGI Homes in the 3rd quarter worth about $43,000. KBC Group NV raised its stake in shares of LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 168 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of LGI Homes by 27.5% during the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Stock Down 0.7 %

Shares of LGI Homes stock opened at $109.49 on Monday. LGI Homes, Inc. has a 1 year low of $84.00 and a 1 year high of $136.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The company has a market capitalization of $2.57 billion, a P/E ratio of 13.13 and a beta of 1.97. The business has a 50-day moving average of $109.10 and a two-hundred day moving average of $103.77.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $651.85 million during the quarter, compared to the consensus estimate of $645.27 million. During the same quarter last year, the firm earned $2.84 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts predict that LGI Homes, Inc. will post 8.72 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a research note on Wednesday, November 6th.

About LGI Homes

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.