Citigroup Inc. Purchases 15,818 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Citigroup Inc. raised its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 60.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,797 shares of the financial services provider’s stock after purchasing an additional 15,818 shares during the quarter. Citigroup Inc. owned 0.18% of LGI Homes worth $4,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of LGI Homes in the second quarter valued at $39,000. First Horizon Advisors Inc. raised its position in shares of LGI Homes by 32.5% in the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after buying an additional 108 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of LGI Homes in the 3rd quarter valued at about $43,000. KBC Group NV lifted its position in LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 168 shares during the last quarter. Finally, CWM LLC grew its position in LGI Homes by 27.5% in the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Trading Up 0.6 %

NASDAQ:LGIH opened at $110.12 on Tuesday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 13.20 and a beta of 1.97. LGI Homes, Inc. has a 52 week low of $84.00 and a 52 week high of $136.89. 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 fifty day moving average of $108.94 and a 200 day moving average of $103.78.

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

Wall Street Analyst Weigh In

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

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.