Yousif Capital Management LLC Has $704,000 Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Yousif Capital Management LLC decreased its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,879 shares of the financial services provider’s stock after selling 163 shares during the period. Yousif Capital Management LLC’s holdings in LGI Homes were worth $704,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. KBC Group NV boosted its stake in shares of LGI Homes by 51.6% during the 4th quarter. KBC Group NV now owns 1,110 shares of the financial services provider’s stock valued at $99,000 after buying an additional 378 shares during the period. Blue Trust Inc. grew its stake in LGI Homes by 112.9% in the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 184 shares in the last quarter. Inspire Investing LLC increased its position in LGI Homes by 28.8% in the 4th quarter. Inspire Investing LLC now owns 4,493 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 1,005 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of LGI Homes by 19.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,212 shares of the financial services provider’s stock worth $734,000 after purchasing an additional 1,357 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of LGI Homes by 131.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider’s stock valued at $13,222,000 after buying an additional 63,346 shares during the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wedbush restated a “neutral” rating and set a $115.00 price target (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their price target on LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Finally, JMP Securities reissued a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $118.33.

LGI Homes Stock Performance

Shares of LGI Homes stock opened at $85.11 on Friday. The firm has a fifty day moving average of $90.66 and a two-hundred day moving average of $102.15. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 10.21 and a beta of 2.03. LGI Homes, Inc. has a 52 week low of $81.71 and a 52 week high of $130.75.

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.