Sanctuary Advisors LLC Invests $334,000 in LGI Homes, Inc. (NASDAQ:LGIH)

Sanctuary Advisors LLC bought a new position in LGI Homes, Inc. (NASDAQ:LGIH) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,818 shares of the financial services provider’s stock, valued at approximately $334,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of LGI Homes by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 497,039 shares of the financial services provider’s stock valued at $58,920,000 after acquiring an additional 7,129 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in LGI Homes by 3.7% during the third quarter. Disciplined Growth Investors Inc. MN now owns 939,504 shares of the financial services provider’s stock valued at $111,350,000 after purchasing an additional 33,306 shares in the last quarter. Covalent Partners LLC bought a new position in shares of LGI Homes in the third quarter worth approximately $2,655,000. XTX Topco Ltd purchased a new stake in shares of LGI Homes in the third quarter worth $288,000. Finally, Stifel Financial Corp increased its stake in shares of LGI Homes by 5.7% in the third quarter. Stifel Financial Corp now owns 3,883 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 211 shares in the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

LGI Homes Stock Performance

Shares of NASDAQ:LGIH opened at $89.59 on Friday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 10.74 and a beta of 1.99. LGI Homes, Inc. has a 52 week low of $84.00 and a 52 week high of $136.36. 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 firm has a fifty day simple moving average of $103.62 and a two-hundred day simple moving average of $103.97.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.41. The firm had revenue of $651.85 million during 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%. LGI Homes’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, analysts expect that LGI Homes, Inc. will post 8.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LGIH. Wedbush reiterated a “neutral” rating and set a $125.00 target price on shares of LGI Homes in a research report on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of LGI Homes from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, December 13th.

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.