9,452 Shares in LGI Homes, Inc. $LGIH Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in shares of LGI Homes, Inc. (NASDAQ:LGIH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,452 shares of the financial services provider’s stock, valued at approximately $602,000.

Several other hedge funds have also made changes to their positions in LGIH. Caitong International Asset Management Co. Ltd increased its stake in LGI Homes by 75.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 237 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of LGI Homes in the 4th quarter worth approximately $29,000. Russell Investments Group Ltd. increased its position in shares of 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 purchasing an additional 305 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of LGI Homes in the fourth quarter valued at $32,000. Finally, Rockefeller Capital Management L.P. lifted its position in LGI Homes by 1,759.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 827 shares during the period. Institutional investors own 84.89% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of LGI Homes from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Wall Street Zen upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $72.75.

LGI Homes Price Performance

Shares of LGIH stock opened at $55.00 on Monday. LGI Homes, Inc. has a 52 week low of $33.55 and a 52 week high of $69.50. The stock has a market capitalization of $1.28 billion, a PE ratio of 19.30 and a beta of 1.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 17.74. The stock’s fifty day moving average is $58.44 and its 200-day moving average is $50.67.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $516.05 million during the quarter, compared to analysts’ expectations of $489.23 million. LGI Homes had a net margin of 3.88% and a return on equity of 3.55%. LGI Homes’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 EPS.

LGI Homes Company 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.