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

SG Americas Securities LLC decreased its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 36.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,526 shares of the financial services provider’s stock after selling 32,945 shares during the period. SG Americas Securities LLC’s holdings in LGI Homes were worth $2,314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada boosted its stake in LGI Homes by 58.7% in the 1st quarter. Royal Bank of Canada now owns 4,721 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 1,746 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of LGI Homes by 5.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,502 shares of the financial services provider’s stock valued at $831,000 after purchasing an additional 621 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of LGI Homes by 5.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 250,142 shares of the financial services provider’s stock valued at $16,627,000 after purchasing an additional 12,524 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of LGI Homes by 106.6% in the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 305 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of LGI Homes by 19.0% in the second quarter. Invesco Ltd. now owns 85,400 shares of the financial services provider’s stock valued at $4,400,000 after purchasing an additional 13,611 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded LGI Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. lifted their price objective on shares of LGI Homes from $38.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of LGI Homes in a report on Friday, May 22nd. Finally, Zacks Research upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, LGI Homes presently has an average rating of “Hold” and a consensus price target of $72.75.

LGI Homes Trading Down 4.5%

NASDAQ LGIH opened at $60.82 on Thursday. The company has a market cap of $1.41 billion, a PE ratio of 19.94 and a beta of 1.87. The company has a current ratio of 18.56, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average of $50.28 and a 200-day moving average of $48.09. LGI Homes, Inc. has a 12 month low of $33.55 and a 12 month high of $69.50.

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

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.