2 weeks Ago By ABMN Staff
Amalgamated Bank reduced its position in LGI Homes, Inc. ( NASDAQ:LGIH – Free Report ) by 3.4% during the 2nd quarter, HoldingsChannel.
com reports. The firm owned 6,276 shares of the financial services provider’s stock after selling 220 shares during the quarter. Amalgamated Bank’s holdings in LGI Homes were worth $562,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in LGI Homes by 32.
5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 108 shares during the last quarter.
Innealta Capital LLC acquired a new position in shares of LGI Homes during the 2nd quarter valued at about $39,000. Mather Group LLC. acquired a new position in shares of LGI Homes during the 1st quarter valued at about $47,000.
BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of LGI Homes during the 1st quarter valued at about $52,000. Finally, Headlands Technologies LLC acquired a new position in shares of LGI Homes during the 1st quarter valued at about $130,000. 84.
89% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth A number of research analysts have recently commented on the company. JPMorgan Chase & Co.
lowered their price objective on LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th.
Wedbush raised LGI Homes from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $97.00 to $125.00 in a report on Monday, September 9th.
Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $126.
00. LGI Homes Stock Performance LGIH opened at $117.74 on Friday.
The firm has a market capitalization of $2.77 billion, a P/E ratio of 14.72 and a beta of 1.
95. The stock’s 50 day moving average price is $108.08 and its two-hundred day moving average price is $101.
76. The company has a quick ratio of 0.49, a current ratio of 12.
63 and a debt-to-equity ratio of 0.78. LGI Homes, Inc.
has a 12-month low of $84.00 and a 12-month high of $136.89.
LGI Homes ( NASDAQ:LGIH – Get Free Report ) last released its earnings results on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.
24 by $0.24. The firm had revenue of $602.
50 million for the quarter, compared to analyst estimates of $617.44 million. LGI Homes had a return on equity of 10.
45% and a net margin of 8.78%. The company’s revenue was down 6.
6% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 EPS.
On average, equities analysts forecast that LGI Homes, Inc. will post 9.01 earnings per share for the current year.
LGI Homes Company Profile ( Free Report ) 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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