BNP Paribas Financial Markets Has $2.95 Million Stock Position in LGI Homes, Inc. (NASDAQ:LGIH)

BNP Paribas Financial Markets lowered its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 31.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 24,847 shares of the financial services provider's stock after selling 11,540 shares during the period. BNP Paribas Financial Markets owned 0.11% of LGI Homes worth $2,945,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LGIH. Dimensional Fund Advisors LP raised its stake in LGI Homes by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider's stock worth $134,827,000 after buying an additional 53,031 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of LGI Homes by 1.7% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 906,198 shares of the financial services provider's stock worth $81,096,000 after acquiring an additional 15,340 shares in the last quarter. River Road Asset Management LLC lifted its stake in shares of LGI Homes by 45.9% in the 3rd 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. Altshuler Shaham Ltd boosted its position in shares of LGI Homes by 5,860.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider's stock valued at $40,696,000 after purchasing an additional 447,130 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of LGI Homes by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 349,141 shares of the financial services provider's stock valued at $41,380,000 after purchasing an additional 24,555 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Stock Down 0.3 %

LGIH traded down $0.29 during midday trading on Friday, hitting $105.42. The company had a trading volume of 118,416 shares, compared to its average volume of 207,534. The stock's 50 day moving average price is $108.55 and its 200 day moving average price is $103.86. LGI Homes, Inc. has a 52 week low of $84.00 and a 52 week high of $136.89. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 12.68 and a beta of 1.99. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77.

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

Analyst Upgrades and Downgrades

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

About LGI Homes

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.