LGI Homes, Inc. (NASDAQ:LGIH) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its position in LGI Homes, Inc. (NASDAQ:LGIH) by 0.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 88,292 shares of the financial services provider’s stock after acquiring an additional 99 shares during the period. OneDigital Investment Advisors LLC owned about 0.38% of LGI Homes worth $10,464,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LGIH. UniSuper Management Pty Ltd purchased a new position in shares of LGI Homes during the 1st quarter worth about $583,000. Denali Advisors LLC purchased a new position in LGI Homes during the second quarter worth approximately $993,000. Capital World Investors raised its stake in LGI Homes by 6.2% during the first quarter. Capital World Investors now owns 846,202 shares of the financial services provider’s stock worth $98,473,000 after purchasing an additional 49,640 shares during the period. Epoch Investment Partners Inc. boosted its holdings in shares of LGI Homes by 52.7% in the 1st quarter. Epoch Investment Partners Inc. now owns 137,150 shares of the financial services provider’s stock valued at $15,960,000 after purchasing an additional 47,343 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of LGI Homes by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,220,411 shares of the financial services provider’s stock valued at $258,389,000 after buying an additional 19,800 shares during the period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wedbush reiterated a “neutral” rating and issued a $125.00 target price on shares of LGI Homes in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, LGI Homes presently has a consensus rating of “Hold” and an average target price of $126.00.

LGI Homes Price Performance

LGIH stock opened at $104.94 on Friday. The stock’s 50 day moving average is $110.59 and its two-hundred day moving average is $102.99. LGI Homes, Inc. has a 52-week low of $84.00 and a 52-week high of $136.89. The company has a market capitalization of $2.47 billion, a PE ratio of 12.58 and a beta of 1.97. 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 issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. During the same quarter in the previous year, the firm earned $2.84 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. Analysts predict that LGI Homes, Inc. will post 8.72 earnings per share for the current fiscal year.

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.