CDAM UK Ltd Reduces Stock Position in LGI Homes, Inc. (NASDAQ:LGIH)

CDAM UK Ltd decreased its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 714,895 shares of the financial services provider’s stock after selling 10,419 shares during the period. LGI Homes comprises about 12.5% of CDAM UK Ltd’s holdings, making the stock its 2nd largest position. CDAM UK Ltd owned approximately 3.04% of LGI Homes worth $84,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. grew its stake in shares of LGI Homes by 32.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 108 shares in the last quarter. Innealta Capital LLC purchased a new position in LGI Homes during the second quarter worth about $39,000. Allspring Global Investments Holdings LLC bought a new stake in LGI Homes in the 3rd quarter worth about $43,000. KBC Group NV increased its stake in LGI Homes by 29.8% in the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after buying an additional 168 shares during the last quarter. Finally, CWM LLC lifted its position in shares of LGI Homes by 27.5% during the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after buying an additional 187 shares in the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wedbush restated a “neutral” rating and issued a $125.00 target price on shares of LGI Homes in a research note on Wednesday, November 6th.

LGI Homes Trading Up 3.0 %

NASDAQ LGIH opened at $105.82 on Monday. The business’s fifty day moving average is $110.10 and its 200-day moving average is $103.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 12.69 and a beta of 1.97. LGI Homes, Inc. has a one year low of $84.00 and a one year high of $136.89.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $645.27 million. During the same quarter in the previous year, the firm posted $2.84 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts predict that LGI Homes, Inc. will post 8.72 EPS for the current year.

LGI Homes 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.