LGI Homes, Inc. $LGIH Holdings Lowered by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 53.5% in the second quarter, HoldingsChannel reports. The firm owned 57,406 shares of the financial services provider’s stock after selling 66,155 shares during the period. Squarepoint Ops LLC’s holdings in LGI Homes were worth $3,656,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LGIH. Caitong International Asset Management Co. Ltd boosted its holdings in shares of LGI Homes by 75.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock worth $28,000 after buying an additional 237 shares during the period. Russell Investments Group Ltd. increased its position in shares of LGI Homes by 106.6% in the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 305 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of LGI Homes during the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of LGI Homes during the fourth quarter valued at approximately $32,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of LGI Homes by 1,759.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 827 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Trading Up 1.5%

NASDAQ LGIH opened at $49.42 on Friday. LGI Homes, Inc. has a 1-year low of $33.55 and a 1-year high of $66.25. The company has a current ratio of 17.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $1.15 billion, a PE ratio of 17.34 and a beta of 1.84. The firm’s fifty day simple moving average is $57.37 and its 200-day simple moving average is $50.58.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $516.05 million during the quarter, compared to analyst estimates of $489.23 million. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%.LGI Homes’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share.

Wall Street Analyst Weigh In

A number of research firms recently commented on LGIH. Wall Street Zen raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised shares of LGI Homes from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.75.

LGI Homes Company Profile

LGI Homes, Inc is a residential homebuilder that designs, constructs and sells homes primarily to first-time, move-up and active-adult buyers. The company offers a range of single-family homes, with floor plans and communities designed to provide standardized features, functional layouts and purchase options suited to different household needs.

In addition to home construction and sales, LGI Homes acquires and develops residential land, manages community development activities and provides related customer services.