Sei Investments Co. Has $1.93 Million Holdings in LGI Homes, Inc. $LGIH

Sei Investments Co. decreased its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 17.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,848 shares of the financial services provider’s stock after selling 10,493 shares during the quarter. Sei Investments Co.’s holdings in LGI Homes were worth $1,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings in shares of LGI Homes by 27.7% in the 1st quarter. First Trust Advisors LP now owns 99,354 shares of the financial services provider’s stock worth $3,927,000 after purchasing an additional 21,523 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in LGI Homes by 10.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 13,177 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 1,241 shares in the last quarter. Principal Financial Group Inc. raised its holdings in LGI Homes by 2.0% during the first quarter. Principal Financial Group Inc. now owns 98,722 shares of the financial services provider’s stock worth $3,902,000 after buying an additional 1,919 shares during the last quarter. Fifth Third Bancorp raised its holdings in LGI Homes by 44,577.3% during the first quarter. Fifth Third Bancorp now owns 39,316 shares of the financial services provider’s stock worth $1,554,000 after buying an additional 39,228 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in LGI Homes by 21.8% in the 1st quarter. Inspire Investing LLC now owns 13,186 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 2,356 shares in the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Price Performance

LGIH opened at $60.04 on Monday. LGI Homes, Inc. has a twelve month low of $33.55 and a twelve month high of $69.50. The company’s 50-day moving average price is $57.34 and its two-hundred day moving average price is $50.41. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 21.07 and a beta of 1.83. The company has a quick ratio of 0.61, a current ratio of 17.74 and a debt-to-equity ratio of 0.74.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $516.05 million during the quarter, compared to analyst estimates of $489.23 million. LGI Homes had a net margin of 3.88% and a return on equity of 3.55%. LGI Homes’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS.

Analyst Upgrades and Downgrades

LGIH has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on LGI Homes from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Weiss Ratings raised LGI Homes from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Wall Street Zen cut LGI Homes from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Two investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.75.

LGI Homes Profile

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.