Jade Capital Advisors LLC Makes New Investment in LGI Homes, Inc. (NASDAQ:LGIH)

Jade Capital Advisors LLC acquired a new position in LGI Homes, Inc. (NASDAQ:LGIH) 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.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.24. The business had revenue of $602.50 million during the quarter, compared to the consensus estimate of $617.44 million. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 EPS. As a group, equities research analysts predict that LGI Homes, Inc. will post 8.82 EPS for the current fiscal year.

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.

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.