Public Employees Retirement System of Ohio Sells 6,263 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Public Employees Retirement System of Ohio decreased its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 19.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,259 shares of the financial services provider's stock after selling 6,263 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.11% of LGI Homes worth $3,112,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LGIH. Innealta Capital LLC purchased a new stake in shares of LGI Homes during the second quarter valued at $39,000. First Horizon Advisors Inc. lifted its stake in LGI Homes by 32.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider's stock worth $39,000 after acquiring an additional 108 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in LGI Homes in the 3rd quarter worth about $43,000. KBC Group NV lifted its stake in LGI Homes by 29.8% in the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider's stock worth $87,000 after acquiring an additional 168 shares in the last quarter. Finally, CWM LLC lifted its stake in LGI Homes by 27.5% in the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider's stock worth $103,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds own 84.89% of the company's stock.

LGI Homes Stock Down 4.2 %

LGIH stock traded down $4.18 during mid-day trading on Tuesday, hitting $96.47. The stock had a trading volume of 187,951 shares, compared to its average volume of 207,864. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. LGI Homes, Inc. has a 1-year low of $84.00 and a 1-year high of $136.89. The company has a fifty day moving average of $106.96 and a 200 day moving average of $104.32. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 11.57 and a beta of 1.99.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.41. The company 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 business's revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.84 EPS. On average, equities analysts expect that LGI Homes, Inc. will post 8.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LGIH. 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. JPMorgan Chase & Co. reduced their price objective on LGI Homes from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday.

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.