Epoch Investment Partners Inc. Sells 111,818 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Epoch Investment Partners Inc. decreased its position in LGI Homes, Inc. (NASDAQ:LGIH) by 81.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,332 shares of the financial services provider’s stock after selling 111,818 shares during the period. Epoch Investment Partners Inc. owned approximately 0.11% of LGI Homes worth $2,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. acquired a new position in LGI Homes in the first quarter valued at about $47,000. First Horizon Advisors Inc. lifted its stake in LGI Homes by 32.5% in the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after buying an additional 108 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of LGI Homes in the second quarter valued at approximately $39,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of LGI Homes during the first quarter worth $52,000. Finally, Headlands Technologies LLC acquired a new stake in shares of LGI Homes during the first quarter worth $130,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

Wall Street Analyst Weigh In

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

LGI Homes Trading Down 0.6 %

LGIH stock opened at $118.04 on Tuesday. LGI Homes, Inc. has a one year low of $84.00 and a one year high of $136.89. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 14.76 and a beta of 1.95. The company has a fifty day moving average price of $107.25 and a two-hundred day moving average price of $101.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 12.63 and a quick ratio of 0.49.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $617.44 million. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. LGI Homes’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.25 EPS. Equities analysts anticipate that LGI Homes, Inc. will post 9.01 EPS 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.