CDAM UK Ltd Cuts Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

CDAM UK Ltd lessened its holdings in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 714,895 shares of the financial services provider's stock after selling 10,419 shares during the quarter. LGI Homes makes up approximately 12.5% of CDAM UK Ltd's investment portfolio, making the stock its 2nd largest position. CDAM UK Ltd owned 3.04% of LGI Homes worth $84,729,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Algert Global LLC raised its position in shares of LGI Homes by 12.6% during the third quarter. Algert Global LLC now owns 8,339 shares of the financial services provider's stock worth $988,000 after acquiring an additional 930 shares during the last quarter. English Capital Management LLC increased its position in LGI Homes by 6.3% during the 3rd quarter. English Capital Management LLC now owns 33,636 shares of the financial services provider's stock valued at $3,987,000 after purchasing an additional 2,000 shares during the period. Citigroup Inc. raised its holdings in LGI Homes by 60.9% during the 3rd quarter. Citigroup Inc. now owns 41,797 shares of the financial services provider's stock worth $4,954,000 after purchasing an additional 15,818 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of LGI Homes by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 349,141 shares of the financial services provider's stock worth $41,380,000 after purchasing an additional 24,555 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of LGI Homes by 113.9% in the 3rd quarter. Intech Investment Management LLC now owns 5,785 shares of the financial services provider's stock valued at $686,000 after purchasing an additional 3,080 shares during the last quarter. Institutional investors own 84.89% of the company's stock.

LGI Homes Trading Up 5.1 %

LGIH traded up $5.40 during trading on Monday, hitting $111.22. The company's stock had a trading volume of 308,338 shares, compared to its average volume of 210,095. The firm has a market capitalization of $2.61 billion, a P/E ratio of 13.34 and a beta of 1.97. LGI Homes, Inc. has a twelve month low of $84.00 and a twelve month high of $136.89. The stock's fifty day moving average price is $110.10 and its 200-day moving average price is $103.44. 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 posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $651.85 million during the quarter, compared to analysts' expectations of $645.27 million. During the same period last year, the company posted $2.84 earnings per share. The business's quarterly revenue was up 5.6% on a year-over-year basis. Analysts anticipate that LGI Homes, Inc. will post 8.72 EPS for the current year.

Analyst Upgrades and Downgrades

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

LGI Homes Company 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.