Holocene Advisors LP Acquires 104,030 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Holocene Advisors LP raised its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 386.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,968 shares of the financial services provider's stock after buying an additional 104,030 shares during the quarter. Holocene Advisors LP owned about 0.56% of LGI Homes worth $15,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of LGI Homes by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,584 shares of the financial services provider's stock worth $1,581,000 after purchasing an additional 752 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in LGI Homes by 5.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,222 shares of the financial services provider's stock worth $557,000 after acquiring an additional 303 shares during the last quarter. SG Americas Securities LLC grew its position in LGI Homes by 41.8% during the 2nd quarter. SG Americas Securities LLC now owns 3,911 shares of the financial services provider's stock worth $350,000 after acquiring an additional 1,153 shares during the last quarter. Raymond James & Associates grew its position in LGI Homes by 71.3% during the 2nd quarter. Raymond James & Associates now owns 97,345 shares of the financial services provider's stock worth $8,711,000 after acquiring an additional 40,504 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in LGI Homes during the 2nd quarter worth approximately $203,000. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

LGI Homes Stock Down 0.1 %

Shares of LGI Homes stock traded down $0.15 on Wednesday, reaching $109.01. The company's stock had a trading volume of 202,852 shares, compared to its average volume of 208,130. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 13.07 and a beta of 1.99. The firm's fifty day simple moving average is $108.72 and its two-hundred day simple moving average is $103.84. LGI Homes, Inc. has a 52 week low of $84.00 and a 52 week high of $136.89. 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 quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.54 by $0.41. The company 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%. LGI Homes's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 earnings per share. Equities analysts anticipate that LGI Homes, Inc. will post 8.72 earnings per share for the current year.

Analysts Set New Price Targets

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

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.