Tributary Capital Management LLC Has $19.96 Million Stock Holdings in LGI Homes, Inc. $LGIH

Tributary Capital Management LLC increased its position in LGI Homes, Inc. (NASDAQ:LGIH) by 93.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,072 shares of the financial services provider’s stock after purchasing an additional 186,159 shares during the quarter. Tributary Capital Management LLC owned approximately 1.67% of LGI Homes worth $19,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LGIH. MassMutual Private Wealth & Trust FSB boosted its stake in shares of LGI Homes by 453.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 531 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 435 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in LGI Homes by 106.6% in the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock valued at $30,000 after buying an additional 305 shares during the period. Signaturefd LLC lifted its holdings in LGI Homes by 284.4% in the second quarter. Signaturefd LLC now owns 815 shares of the financial services provider’s stock valued at $42,000 after buying an additional 603 shares during the period. Rexford Capital Inc. bought a new position in LGI Homes in the second quarter valued at approximately $52,000. Finally, Hantz Financial Services Inc. grew its holdings in LGI Homes by 58,700.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,176 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 1,174 shares during the period. 84.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LGIH. Citizens Jmp increased their price target on LGI Homes from $85.00 to $95.00 and gave the company a “market outperform” rating in a research note on Wednesday. Wedbush reiterated a “neutral” rating and issued a $95.00 price objective on shares of LGI Homes in a report on Monday, October 6th. Citigroup reissued an “outperform” rating on shares of LGI Homes in a research note on Wednesday. Capital One Financial set a $60.00 target price on LGI Homes in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of LGI Homes in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, LGI Homes has an average rating of “Hold” and a consensus target price of $76.70.

LGI Homes Price Performance

Shares of NASDAQ LGIH opened at $43.15 on Thursday. The company has a fifty day moving average price of $46.57 and a 200 day moving average price of $52.20. The firm has a market cap of $995.90 million, a PE ratio of 9.53 and a beta of 1.88. The company has a current ratio of 18.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.84. LGI Homes, Inc. has a 1-year low of $39.70 and a 1-year high of $97.25.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). The firm had revenue of $396.63 million during the quarter, compared to the consensus estimate of $421.66 million. LGI Homes had a net margin of 5.93% and a return on equity of 5.50%. Research analysts predict that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

About LGI Homes

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.