Aperio Group LLC Invests $502,000 in LGI Homes Inc (LGIH)
Aperio Group LLC acquired a new position in shares of LGI Homes Inc (NASDAQ:LGIH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 6,696 shares of the financial services provider’s stock, valued at approximately $502,000.
Other large investors also recently bought and sold shares of the company. Midas Management Corp purchased a new position in shares of LGI Homes during the 4th quarter worth approximately $191,000. SG Americas Securities LLC purchased a new position in shares of LGI Homes during the 3rd quarter worth approximately $199,000. Albion Financial Group UT purchased a new position in shares of LGI Homes during the 3rd quarter worth approximately $213,000. Stifel Financial Corp purchased a new position in shares of LGI Homes during the 3rd quarter worth approximately $216,000. Finally, CAPROCK Group Inc. purchased a new position in shares of LGI Homes during the 4th quarter worth approximately $217,000. 90.10% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the stock. BidaskClub cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research cut shares of LGI Homes from a “buy” rating to a “hold” rating in a research report on Thursday. Wedbush raised shares of LGI Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $59.51 to $73.00 in a research report on Tuesday, February 13th. TheStreet raised shares of LGI Homes from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Finally, JMP Securities increased their price objective on shares of LGI Homes from $62.00 to $68.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $61.50.
Shares of LGI Homes Inc (NASDAQ LGIH) opened at $56.94 on Friday. The stock has a market cap of $1,240.00, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 0.85 and a beta of 0.31. LGI Homes Inc has a fifty-two week low of $27.28 and a fifty-two week high of $79.55. The company has a current ratio of 9.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.97.
LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.03. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $377.46 million. LGI Homes had a net margin of 9.01% and a return on equity of 26.41%. The firm’s quarterly revenue was up 71.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. equities analysts predict that LGI Homes Inc will post 6.13 earnings per share for the current year.
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LGI Homes Company Profile
LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.
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