XTX Topco Ltd Buys New Shares in LGI Homes, Inc. (NASDAQ:LGIH)

XTX Topco Ltd bought a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) in the 1st quarter, HoldingsChannel reports. The firm bought 4,018 shares of the financial services provider’s stock, valued at approximately $267,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in LGI Homes by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider’s stock valued at $134,491,000 after purchasing an additional 6,706 shares during the last quarter. Wasatch Advisors LP lifted its stake in LGI Homes by 2.7% during the fourth quarter. Wasatch Advisors LP now owns 1,395,710 shares of the financial services provider’s stock valued at $124,776,000 after purchasing an additional 36,608 shares during the last quarter. Khrom Capital Management LLC lifted its stake in LGI Homes by 19.4% during the fourth quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider’s stock valued at $97,965,000 after purchasing an additional 177,698 shares during the last quarter. Northern Trust Corp lifted its stake in LGI Homes by 11.5% during the fourth quarter. Northern Trust Corp now owns 219,547 shares of the financial services provider’s stock valued at $19,628,000 after purchasing an additional 22,615 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its stake in LGI Homes by 15.0% during the first quarter. Tributary Capital Management LLC now owns 215,556 shares of the financial services provider’s stock valued at $14,328,000 after purchasing an additional 28,095 shares during the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on LGIH shares. Citigroup restated an “outperform” rating on shares of LGI Homes in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on LGI Homes from $52.00 to $47.00 and set an “underweight” rating for the company in a report on Wednesday, July 9th. Wedbush reaffirmed a “neutral” rating and issued a $93.00 target price on shares of LGI Homes in a research report on Monday, July 7th. Finally, JMP Securities dropped their price target on LGI Homes from $140.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Thursday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.67.

LGI Homes Trading Down 0.3%

Shares of NASDAQ:LGIH opened at $56.93 on Tuesday. The firm has a fifty day moving average of $53.23 and a two-hundred day moving average of $62.39. The company has a quick ratio of 0.64, a current ratio of 18.18 and a debt-to-equity ratio of 0.85. LGI Homes, Inc. has a 12-month low of $47.17 and a 12-month high of $125.83. The firm has a market capitalization of $1.31 billion, a P/E ratio of 8.59 and a beta of 1.69.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.15. LGI Homes had a return on equity of 8.00% and a net margin of 7.63%. The firm had revenue of $483.49 million during the quarter, compared to analysts’ expectations of $546.96 million. During the same quarter last year, the firm earned $2.48 earnings per share. The business’s revenue for the quarter was down 19.8% on a year-over-year basis. On average, equities analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

LGI Homes Company 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.