Fmr LLC Has $35.32 Million Stock Position in LGI Homes, Inc. (NASDAQ:LGIH)

FMR LLC decreased its position in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 298,023 shares of the financial services provider's stock after selling 6,375 shares during the period. FMR LLC owned 1.27% of LGI Homes worth $35,322,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in LGI Homes during the second quarter valued at $39,000. First Horizon Advisors Inc. lifted its position in shares of LGI Homes by 32.5% in the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider's stock worth $39,000 after buying an additional 108 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of LGI Homes in the third quarter worth about $43,000. KBC Group NV lifted its position in shares of LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider's stock worth $87,000 after buying an additional 168 shares during the last quarter. Finally, CWM LLC lifted its position in shares of LGI Homes by 27.5% in the third 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 last quarter. Institutional investors and hedge funds own 84.89% of the company's stock.

LGI Homes Stock Performance

Shares of LGI Homes stock traded up $4.05 during trading on Monday, reaching $109.47. The company's stock had a trading volume of 170,285 shares, compared to its average volume of 207,377. 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 business's fifty day moving average price is $108.31 and its 200-day moving average price is $103.94. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 12.64 and a beta of 1.99. LGI Homes, Inc. has a one year low of $84.00 and a one year high of $136.89.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $651.85 million for 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 for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.84 earnings per share. As a group, equities research analysts predict that LGI Homes, Inc. will post 8.72 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed a "neutral" rating and issued a $125.00 price target on shares of LGI Homes in a research report 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.