LGI Homes, Inc. (NASDAQ:LGIH) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 17.5% during the fourth quarter, HoldingsChannel reports. The fund owned 2,618 shares of the financial services provider’s stock after selling 556 shares during the period. Aigen Investment Management LP’s holdings in LGI Homes were worth $234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in LGI Homes by 5.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 176 shares during the last quarter. US Bancorp DE boosted its holdings in shares of LGI Homes by 6.7% in the 3rd quarter. US Bancorp DE now owns 2,857 shares of the financial services provider’s stock valued at $339,000 after buying an additional 179 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in shares of LGI Homes in the 3rd quarter valued at $352,000. KBC Group NV raised its stake in LGI Homes by 29.8% during the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 168 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in LGI Homes in the third quarter valued at $1,368,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Stock Performance

NASDAQ LGIH opened at $75.09 on Monday. The firm has a market cap of $1.76 billion, a P/E ratio of 9.00 and a beta of 2.13. LGI Homes, Inc. has a 52-week low of $68.66 and a 52-week high of $125.83. The business’s 50-day moving average price is $84.73 and its 200 day moving average price is $99.31. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.16). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $557.40 million during the quarter, compared to analysts’ expectations of $588.56 million. During the same quarter last year, the business posted $2.19 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.