51,808 Shares in LGI Homes, Inc. (NASDAQ:LGIH) Acquired by Anomaly Capital Management LP

Anomaly Capital Management LP acquired a new position in shares of LGI Homes, Inc. (NASDAQ:LGIH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 51,808 shares of the financial services provider’s stock, valued at approximately $4,636,000. LGI Homes comprises about 0.2% of Anomaly Capital Management LP’s investment portfolio, making the stock its 29th biggest position. Anomaly Capital Management LP owned 0.22% of LGI Homes as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in shares of LGI Homes during the 1st quarter worth $47,000. First Horizon Advisors Inc. increased its holdings in LGI Homes by 32.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 108 shares in the last quarter. Innealta Capital LLC acquired a new position in LGI Homes during the second quarter worth about $39,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of LGI Homes in the first quarter valued at about $52,000. Finally, Headlands Technologies LLC acquired a new stake in shares of LGI Homes in the first quarter valued at approximately $130,000. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wedbush upgraded LGI Homes from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $97.00 to $125.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. cut their price target on LGI Homes from $95.00 to $93.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $126.00.

LGI Homes Stock Down 3.9 %

Shares of NASDAQ LGIH opened at $118.72 on Monday. The firm’s 50 day moving average price is $106.89 and its 200 day moving average price is $101.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 12.63. The firm has a market cap of $2.80 billion, a P/E ratio of 14.84 and a beta of 1.95. LGI Homes, Inc. has a 1 year low of $84.00 and a 1 year high of $136.89.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.24. The business had revenue of $602.50 million during the quarter, compared to the consensus estimate of $617.44 million. LGI Homes had a return on equity of 10.45% and a net margin of 8.78%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 earnings per share. As a group, sell-side analysts anticipate that LGI Homes, Inc. will post 9.01 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.