57,870 Shares in LGI Homes, Inc. (NASDAQ:LGIH) Purchased by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC purchased a new position in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 57,870 shares of the financial services provider's stock, valued at approximately $6,859,000. Hotchkis & Wiley Capital Management LLC owned 0.25% of LGI Homes at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of LGI Homes in the 2nd quarter valued at $39,000. First Horizon Advisors Inc. increased its stake in LGI Homes by 32.5% in the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 108 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in LGI Homes in the third quarter valued at $43,000. KBC Group NV raised its holdings in shares of LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 168 shares during the period. Finally, CWM LLC raised its stake in LGI Homes by 27.5% during the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider's stock worth $103,000 after buying an additional 187 shares during the period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Stock Down 0.3 %

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

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $645.27 million. During the same quarter in the prior year, the company posted $2.84 earnings per share. LGI Homes's revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts predict that LGI Homes, Inc. will post 8.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush reissued a "neutral" rating and issued a $125.00 price objective on shares of LGI Homes in a research note 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.