LGI Homes (NASDAQ:LGIH) Hits New 52-Week Low – Time to Sell?

LGI Homes, Inc. (NASDAQ:LGIH)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $81.71 and last traded at $83.01, with a volume of 275938 shares changing hands. The stock had previously closed at $85.69.

Analyst Ratings Changes

A number of analysts recently weighed in on LGIH shares. JPMorgan Chase & Co. decreased their price target on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Wedbush reiterated a “neutral” rating and set a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, LGI Homes has a consensus rating of “Hold” and a consensus target price of $118.33.

LGI Homes Stock Performance

The company has a market cap of $1.95 billion, a PE ratio of 9.95 and a beta of 2.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The stock’s 50-day simple moving average is $91.48 and its 200 day simple moving average is $102.53.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in LGI Homes by 131.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider’s stock worth $13,222,000 after purchasing an additional 63,346 shares during the period. Citigroup Inc. boosted its stake in shares of LGI Homes by 60.9% in the third quarter. Citigroup Inc. now owns 41,797 shares of the financial services provider’s stock valued at $4,954,000 after buying an additional 15,818 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in LGI Homes by 5.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 176 shares during the period. Sanctuary Advisors LLC purchased a new position in LGI Homes in the third quarter worth $334,000. Finally, Creative Planning acquired a new stake in LGI Homes in the third quarter valued at $375,000. 84.89% of the stock is owned by hedge funds and other institutional investors.

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.