LGI Homes (NASDAQ:LGIH) Reaches New 52-Week Low - Should You Sell?

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $71.47 and last traded at $71.17, with a volume of 76929 shares. The stock had previously closed at $73.43.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LGIH. JMP Securities reiterated a "market outperform" rating and issued a $160.00 price target on shares of LGI Homes in a research note on Friday, January 10th. JPMorgan Chase & Co. decreased their target price on LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. Wedbush reissued a "neutral" rating and issued a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. Finally, Seaport Res Ptn raised shares of LGI Homes from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $118.33.

LGI Homes Trading Down 0.6 %

The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 9.00 and a beta of 2.03. The firm's 50-day moving average is $85.02 and its 200 day moving average is $99.59.

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LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.16). The firm had revenue of $557.40 million during the quarter, compared to analyst estimates of $588.56 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.19 earnings per share. On average, equities analysts predict that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LGI Homes

A number of large investors have recently modified their holdings of LGIH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in LGI Homes by 20.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,345 shares of the financial services provider's stock worth $3,964,000 after buying an additional 7,508 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in LGI Homes during the 4th quarter valued at about $405,000. Squarepoint Ops LLC bought a new stake in LGI Homes during the 4th quarter worth approximately $3,227,000. Two Sigma Advisers LP raised its stake in shares of LGI Homes by 24.7% in the fourth quarter. Two Sigma Advisers LP now owns 20,700 shares of the financial services provider's stock worth $1,851,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of LGI Homes in the fourth quarter worth approximately $329,000. 84.89% of the stock is currently owned by institutional investors.

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.