225,000 Shares in LGI Homes, Inc. $LGIH Acquired by Voss Capital LP

Voss Capital LP acquired a new position in shares of LGI Homes, Inc. (NASDAQ:LGIH) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 225,000 shares of the financial services provider’s stock, valued at approximately $11,592,000. LGI Homes makes up approximately 0.8% of Voss Capital LP’s investment portfolio, making the stock its 27th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of LGI Homes by 4.8% during the second quarter. PNC Financial Services Group Inc. now owns 5,976 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 275 shares during the last quarter. Russell Investments Group Ltd. increased its position in LGI Homes by 106.6% in the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 305 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in LGI Homes by 6.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,288 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 336 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in LGI Homes by 453.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 531 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 435 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in LGI Homes by 10.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,892 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 447 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Stock Down 0.4%

Shares of NASDAQ:LGIH opened at $50.40 on Monday. The company has a 50 day moving average price of $47.63 and a two-hundred day moving average price of $53.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.58 and a current ratio of 18.02. The company has a market capitalization of $1.16 billion, a PE ratio of 11.13 and a beta of 1.85. LGI Homes, Inc. has a 52 week low of $39.70 and a 52 week high of $109.87.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.09). LGI Homes had a net margin of 5.93% and a return on equity of 5.50%. The firm had revenue of $396.63 million during the quarter, compared to analyst estimates of $421.66 million. Analysts forecast that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Analyst Ratings Changes

LGIH has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of LGI Homes in a research report on Monday, November 24th. JMP Securities raised their price objective on shares of LGI Homes from $75.00 to $85.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 27th. Capital One Financial set a $60.00 target price on shares of LGI Homes in a research report on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on LGI Homes from $47.00 to $48.50 and gave the company an “underweight” rating in a research note on Tuesday, October 14th. Finally, Wedbush reaffirmed a “neutral” rating and set a $95.00 price objective on shares of LGI Homes in a research note on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $72.13.

LGI Homes 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.