Moody Aldrich Partners LLC lifted its holdings in shares of LGI Homes Inc (NASDAQ:LGIH) by 37.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 36,996 shares of the financial services provider’s stock after purchasing an additional 10,107 shares during the period. Moody Aldrich Partners LLC owned 0.16% of LGI Homes worth $2,136,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new stake in shares of LGI Homes during the first quarter worth about $126,000. Altium Wealth Management LLC acquired a new stake in shares of LGI Homes during the first quarter worth about $200,000. Morse Asset Management Inc acquired a new stake in shares of LGI Homes during the second quarter worth about $207,000. Profund Advisors LLC acquired a new stake in shares of LGI Homes during the first quarter worth about $216,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of LGI Homes during the second quarter worth about $221,000. Institutional investors own 89.31% of the company’s stock.

LGIH has been the subject of a number of analyst reports. BidaskClub downgraded LGI Homes from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. JPMorgan Chase & Co. upgraded LGI Homes from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $69.00 to $58.50 in a research note on Friday, September 21st. ValuEngine downgraded LGI Homes from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Wedbush decreased their price target on LGI Homes from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, August 8th. Finally, Zacks Investment Research upgraded LGI Homes from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $61.88.

LGIH traded down $1.11 during trading on Friday, hitting $38.80. The stock had a trading volume of 359,825 shares, compared to its average volume of 410,612. The company has a market capitalization of $1.07 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.66 and a beta of 0.07. LGI Homes Inc has a one year low of $38.43 and a one year high of $81.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 15.32 and a quick ratio of 1.47.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.22. The business had revenue of $419.85 million during the quarter, compared to the consensus estimate of $414.52 million. LGI Homes had a return on equity of 28.50% and a net margin of 9.81%. Equities analysts anticipate that LGI Homes Inc will post 6.57 earnings per share for the current fiscal year.

About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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