LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $82.86 and last traded at $83.54, with a volume of 26213 shares changing hands. The stock had previously closed at $85.59.
Analyst Upgrades and Downgrades
LGIH has been the subject of several recent research reports. Wedbush reaffirmed a "neutral" rating and issued a $115.00 price objective (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Seaport Res Ptn raised LGI Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. reduced their target price on LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $160.00 target price on shares of LGI Homes in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $118.33.
View Our Latest Analysis on LGIH
LGI Homes Trading Up 1.5 %
The stock has a market capitalization of $2.02 billion, a PE ratio of 10.30 and a beta of 2.03. The firm has a 50-day moving average price of $92.47 and a 200-day moving average price of $102.81. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77.
Institutional Investors Weigh In On LGI Homes
Large investors have recently added to or reduced their stakes in the company. English Capital Management LLC boosted its stake in LGI Homes by 6.6% in the 4th quarter. English Capital Management LLC now owns 35,860 shares of the financial services provider's stock worth $3,206,000 after purchasing an additional 2,224 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of LGI Homes during the 4th quarter valued at about $358,000. Sei Investments Co. boosted its position in shares of LGI Homes by 37.2% during the 4th quarter. Sei Investments Co. now owns 8,018 shares of the financial services provider's stock valued at $718,000 after acquiring an additional 2,173 shares during the last quarter. American Century Companies Inc. boosted its position in shares of LGI Homes by 15.4% during the 4th quarter. American Century Companies Inc. now owns 40,583 shares of the financial services provider's stock valued at $3,628,000 after acquiring an additional 5,405 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of LGI Homes by 1.8% during the 4th quarter. First Eagle Investment Management LLC now owns 110,015 shares of the financial services provider's stock valued at $9,835,000 after acquiring an additional 1,950 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company's stock.
LGI Homes Company Profile
(
Get Free Report)
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.
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