Mutual of America Capital Management LLC Decreases Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Mutual of America Capital Management LLC reduced its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 7.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 3,111 shares of the financial services provider’s stock after selling 259 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LGI Homes were worth $369,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its position in shares of LGI Homes by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock valued at $922,000 after acquiring an additional 100 shares during the period. 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 purchasing an additional 108 shares during the last quarter. Arizona State Retirement System grew its holdings 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 period. KBC Group NV increased its position in LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after buying an additional 168 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of LGI Homes by 5.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock valued at $383,000 after buying an additional 176 shares during the period. Institutional investors own 84.89% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reiterated a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a research note on Wednesday, November 6th.

LGI Homes Stock Up 1.1 %

LGI Homes stock opened at $110.30 on Thursday. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 13.08 and a beta of 1.97. The firm has a 50 day simple moving average of $109.75 and a 200 day simple moving average of $103.59. LGI Homes, Inc. has a 1-year low of $84.00 and a 1-year high of $136.89. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. During the same period in the previous year, the company posted $2.84 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts predict that LGI Homes, Inc. will post 8.72 earnings per share for the current year.

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.