SG Americas Securities LLC Has $2.31 Million Stock Holdings in LGI Homes, Inc. $LGIH

SG Americas Securities LLC decreased its position in LGI Homes, Inc. (NASDAQ:LGIH) by 36.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 58,526 shares of the financial services provider’s stock after selling 32,945 shares during the quarter. SG Americas Securities LLC owned 0.25% of LGI Homes worth $2,314,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LGIH. Rockefeller Capital Management L.P. increased its holdings in shares of LGI Homes by 1,759.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock worth $38,000 after buying an additional 827 shares in the last quarter. River Road Asset Management LLC increased its holdings in LGI Homes by 2.0% during the 4th quarter. River Road Asset Management LLC now owns 931,391 shares of the financial services provider’s stock valued at $40,013,000 after purchasing an additional 18,682 shares in the last quarter. Virtu Financial LLC raised its position in LGI Homes by 18.8% in the 4th quarter. Virtu Financial LLC now owns 7,889 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 1,246 shares during the last quarter. Invesco Ltd. boosted its stake in LGI Homes by 49.6% in the fourth quarter. Invesco Ltd. now owns 123,081 shares of the financial services provider’s stock worth $5,288,000 after purchasing an additional 40,832 shares in the last quarter. Finally, VARCOV Co. bought a new stake in shares of LGI Homes during the fourth quarter worth $282,000. 84.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of LGI Homes in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted their target price on shares of LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Zacks Research raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised LGI Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.75.

LGI Homes Price Performance

LGIH opened at $60.82 on Thursday. The company has a fifty day moving average price of $50.28 and a two-hundred day moving average price of $48.09. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.70 and a current ratio of 18.56. LGI Homes, Inc. has a 52 week low of $33.55 and a 52 week high of $69.50. The firm has a market capitalization of $1.41 billion, a PE ratio of 19.94 and a beta of 1.87.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.22. LGI Homes had a return on equity of 3.80% and a net margin of 4.22%.The company had revenue of $319.74 million for the quarter, compared to the consensus estimate of $328.22 million. During the same quarter in the prior year, the business posted $0.17 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis.

About LGI Homes

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.