Everence Capital Management Inc. Has $279,000 Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Everence Capital Management Inc. decreased its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 21.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,120 shares of the financial services provider’s stock after selling 860 shares during the period. Everence Capital Management Inc.’s holdings in LGI Homes were worth $279,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of LGI Homes by 38.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,702 shares of the financial services provider’s stock valued at $242,000 after buying an additional 755 shares during the period. Arizona State Retirement System boosted its position in LGI Homes by 1.9% during the second quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 112 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in LGI Homes by 3.9% in the second quarter. Texas Permanent School Fund Corp now owns 18,649 shares of the financial services provider’s stock valued at $1,669,000 after purchasing an additional 707 shares in the last quarter. LGT Fund Management Co Ltd. raised its stake in shares of LGI Homes by 109.8% during the 2nd quarter. LGT Fund Management Co Ltd. now owns 68,499 shares of the financial services provider’s stock worth $6,130,000 after purchasing an additional 35,854 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of LGI Homes by 133.4% during the 2nd quarter. Headlands Technologies LLC now owns 2,602 shares of the financial services provider’s stock valued at $233,000 after buying an additional 1,487 shares during the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LGIH shares. JPMorgan Chase & Co. cut their price objective on shares of LGI Homes from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, December 13th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday.

LGI Homes Stock Down 2.6 %

Shares of LGI Homes stock opened at $84.65 on Wednesday. LGI Homes, Inc. has a 12-month low of $84.00 and a 12-month high of $130.75. 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 stock has a 50 day moving average price of $100.72 and a two-hundred day moving average price of $103.84. The stock has a market capitalization of $1.99 billion, a P/E ratio of 10.15 and a beta of 2.02.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm had revenue of $651.85 million for the quarter, compared to the consensus estimate of $645.27 million. During the same quarter last year, the firm posted $2.84 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that LGI Homes, Inc. will post 8.72 earnings per share for the current year.

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.