Janus Henderson Group PLC bought a new position in LGI Homes Inc (NASDAQ:LGIH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,914 shares of the financial services provider’s stock, valued at approximately $208,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of LGI Homes during the 1st quarter valued at $3,678,000. Royce & Associates LP boosted its position in LGI Homes by 21.3% in the first quarter. Royce & Associates LP now owns 295,020 shares of the financial services provider’s stock valued at $17,772,000 after buying an additional 51,728 shares in the last quarter. First Pacific Advisors LP acquired a new position in LGI Homes in the first quarter valued at about $3,038,000. Scout Investments Inc. lifted its position in shares of LGI Homes by 65.1% during the second quarter. Scout Investments Inc. now owns 105,558 shares of the financial services provider’s stock worth $7,540,000 after purchasing an additional 41,621 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in LGI Homes by 100.7% in the first quarter. First Trust Advisors LP now owns 63,298 shares of the financial services provider’s stock valued at $3,813,000 after buying an additional 31,761 shares during the period. 93.22% of the stock is currently owned by institutional investors.
LGI Homes stock opened at $78.50 on Wednesday. LGI Homes Inc has a 12-month low of $37.16 and a 12-month high of $81.93. The company has a quick ratio of 1.34, a current ratio of 15.20 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $1.80 billion, a PE ratio of 12.36 and a beta of 0.56. The firm’s fifty day moving average is $74.12 and its 200 day moving average is $68.07.
In related news, Director Steven Randal Smith sold 2,500 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $74.49, for a total transaction of $186,225.00. Following the sale, the director now directly owns 12,407 shares of the company’s stock, valued at $924,197.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric Thomas Lipar sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $80.28, for a total value of $2,007,000.00. Following the completion of the sale, the chief executive officer now directly owns 528,058 shares in the company, valued at $42,392,496.24. The disclosure for this sale can be found here. 13.40% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. BTIG Research downgraded shares of LGI Homes from a “neutral” rating to a “sell” rating and set a $62.00 target price for the company. in a research report on Wednesday, August 7th. Wells Fargo & Co raised their target price on shares of LGI Homes from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. BidaskClub raised shares of LGI Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $69.58.
About LGI Homes
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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