Jade Capital Advisors LLC acquired a new position in LGI Homes, Inc. (NASDAQ:LGIH – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,000 shares of the financial services provider’s stock, valued at approximately $474,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in LGIH. Allspring Global Investments Holdings LLC bought a new stake in shares of LGI Homes in the 3rd quarter valued at $43,000. Mather Group LLC. bought a new position in shares of LGI Homes during the 1st quarter worth about $47,000. First Horizon Advisors Inc. grew its stake in shares of LGI Homes by 32.5% in the 2nd 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 during the period. Innealta Capital LLC bought a new stake in shares of LGI Homes during the second quarter valued at approximately $39,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of LGI Homes during the first quarter valued at approximately $52,000. 84.89% of the stock is owned by institutional investors and hedge funds.
LGI Homes Stock Performance
NASDAQ LGIH opened at $109.33 on Tuesday. The company has a fifty day moving average price of $110.86 and a 200-day moving average price of $101.98. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 13.67 and a beta of 1.95. 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, Inc. has a 1 year low of $84.00 and a 1 year high of $136.89.
Wall Street Analyst Weigh In
Several research firms recently issued reports on LGIH. Wedbush reissued a “neutral” rating and issued a $125.00 price target on shares of LGI Homes in a research report on Friday, October 4th. JPMorgan Chase & Co. decreased their target price on shares of LGI Homes from $95.00 to $93.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, LGI Homes currently has a consensus rating of “Hold” and a consensus price target of $126.00.
Read Our Latest Stock Report on LGIH
LGI Homes Company 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.
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