Commons Capital LLC Buys New Shares in LGI Homes, Inc. $LGIH

Commons Capital LLC acquired a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 11,469 shares of the financial services provider’s stock, valued at approximately $593,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in LGI Homes by 106.6% during the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock valued at $30,000 after buying an additional 305 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of LGI Homes by 74.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 928 shares of the financial services provider’s stock worth $48,000 after buying an additional 397 shares in the last quarter. Versant Capital Management Inc grew its holdings in LGI Homes by 35.1% during the 3rd quarter. Versant Capital Management Inc now owns 947 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 246 shares in the last quarter. Rexford Capital Inc. acquired a new position in LGI Homes in the second quarter worth about $52,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of LGI Homes by 58,700.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,176 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 1,174 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

Analyst Ratings Changes

LGIH has been the topic of several research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of LGI Homes in a research note on Monday, December 29th. Citigroup reiterated an “outperform” rating on shares of LGI Homes in a research note on Wednesday, January 7th. Finally, Citizens Jmp upped their price target on shares of LGI Homes from $85.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $74.63.

LGI Homes Stock Down 0.1%

Shares of LGI Homes stock opened at $51.90 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 20.98 and a quick ratio of 0.76. LGI Homes, Inc. has a 1-year low of $39.70 and a 1-year high of $77.38. The business’s fifty day moving average price is $51.33 and its two-hundred day moving average price is $52.09. The company has a market capitalization of $1.20 billion, a P/E ratio of 16.58 and a beta of 1.90.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, February 17th. The financial services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $473.97 million for the quarter, compared to analyst estimates of $479.60 million. LGI Homes had a return on equity of 4.08% and a net margin of 4.25%.The company’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period last year, the company earned $2.15 earnings per share. As a group, research analysts forecast that LGI Homes, Inc. will post 8.46 EPS for the current year.

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.