Crown Advisors Management Inc. Sells 10,000 Shares of LGI Homes, Inc. (NASDAQ:LGIH)


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Crown Advisors Management Inc. decreased its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,000 shares of the financial services provider’s stock after selling 10,000 shares during the quarter. LGI Homes comprises approximately 4.2% of Crown Advisors Management Inc.’s portfolio, making the stock its 5th biggest holding. Crown Advisors Management Inc.’s holdings in LGI Homes were worth $5,822,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. First Trust Advisors LP grew 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 purchasing an additional 31,761 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of LGI Homes by 8.9% during the third quarter. Nisa Investment Advisors LLC now owns 4,900 shares of the financial services provider’s stock worth $569,000 after buying an additional 400 shares in the last quarter. Standard Life Aberdeen plc acquired a new position in shares of LGI Homes in the third quarter valued at approximately $1,977,000. Cypress Capital Management LLC WY lifted its stake in shares of LGI Homes by 8,224.5% during the third quarter. Cypress Capital Management LLC WY now owns 16,649 shares of the financial services provider’s stock valued at $2,102,000 after buying an additional 16,449 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in shares of LGI Homes during the third quarter valued at approximately $239,000. 89.12% of the stock is owned by institutional investors.

Shares of LGI Homes stock traded down $4.64 during trading hours on Tuesday, hitting $110.45. The company’s stock had a trading volume of 12,339 shares, compared to its average volume of 294,552. The business has a fifty day moving average of $109.60 and a 200 day moving average of $112.27. LGI Homes, Inc. has a 1-year low of $33.00 and a 1-year high of $132.98. The company has a quick ratio of 1.13, a current ratio of 12.91 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.77 billion, a PE ratio of 11.60 and a beta of 1.45.

Several analysts have commented on the stock. UBS Group initiated coverage on LGI Homes in a report on Tuesday, December 8th. They issued a “buy” rating and a $140.00 price target for the company. KeyCorp assumed coverage on LGI Homes in a research report on Monday. They issued a “sector weight” rating for the company. JPMorgan Chase & Co. cut LGI Homes from a “neutral” rating to an “underweight” rating and set a $129.00 price target for the company. in a report on Tuesday, November 17th. JMP Securities increased their price objective on shares of LGI Homes from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Finally, Zacks Investment Research cut shares of LGI Homes from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $111.86.

LGI Homes Profile

LGI Homes, Inc designs, constructs, and sells homes in the United States. It offers entry-level homes, such as detached and attached homes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. As of March 31, 2020, it owned 113 communities. The company serves in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, and West Virginia.

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Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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