B. Metzler seel. Sohn & Co. Holding AG Invests $1.37 Million in LGI Homes, Inc. (NASDAQ:LGIH)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,544 shares of the financial services provider's stock, valued at approximately $1,368,000.

Several other institutional investors and hedge funds have also made changes to their positions in LGIH. KBC Group NV boosted its position in LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider's stock worth $87,000 after acquiring an additional 168 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in shares of LGI Homes during the third quarter worth $352,000. River Road Asset Management LLC grew its position in shares of LGI Homes by 45.9% in the third quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider's stock valued at $82,425,000 after purchasing an additional 218,923 shares during the period. Harbor Capital Advisors Inc. lifted its position in LGI Homes by 10.2% during the third quarter. Harbor Capital Advisors Inc. now owns 6,855 shares of the financial services provider's stock worth $812,000 after buying an additional 633 shares during the period. Finally, US Bancorp DE boosted its stake in LGI Homes by 6.7% in the 3rd quarter. US Bancorp DE now owns 2,857 shares of the financial services provider's stock worth $339,000 after buying an additional 179 shares during the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued a "neutral" rating and issued a $125.00 target price on shares of LGI Homes in a research report on Wednesday, November 6th.

LGI Homes Trading Up 3.0 %

LGI Homes stock traded up $3.09 during midday trading on Friday, reaching $105.82. The stock had a trading volume of 150,328 shares, compared to its average volume of 201,635. The stock's 50-day simple moving average is $110.27 and its 200 day simple moving average is $103.31. LGI Homes, Inc. has a twelve month low of $84.00 and a twelve month high of $136.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The stock has a market capitalization of $2.49 billion, a PE ratio of 12.69 and a beta of 1.97.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.54 by $0.41. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The business had revenue of $651.85 million during the quarter, compared to analysts' expectations of $645.27 million. During the same quarter in the previous year, the business earned $2.84 EPS. The company's revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that LGI Homes, Inc. will post 8.72 EPS for the current year.

LGI Homes 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.