LGI Homes (NASDAQ:LGIH) Reaches New 1-Year Low – Time to Sell?

LGI Homes, Inc. (NASDAQ:LGIH) shares hit a new 52-week low on Wednesday . The stock traded as low as $82.99 and last traded at $83.16, with a volume of 7758 shares trading hands. The stock had previously closed at $84.65.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LGIH. Wedbush reissued a “neutral” rating and issued a $115.00 price objective (down from $125.00) on shares of LGI Homes in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of LGI Homes from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, December 13th.

LGI Homes Stock Down 0.9 %

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 business’s fifty day moving average price is $100.72 and its 200 day moving average price is $103.84. The company has a market capitalization of $1.97 billion, a P/E ratio of 10.06 and a beta of 2.02.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $651.85 million for the quarter, compared to the consensus estimate of $645.27 million. During the same period in the previous year, the business earned $2.84 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts predict that LGI Homes, Inc. will post 8.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LGIH. Altshuler Shaham Ltd grew its holdings in shares of LGI Homes by 5,860.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock worth $40,696,000 after purchasing an additional 447,130 shares during the last quarter. Khrom Capital Management LLC acquired a new stake in shares of LGI Homes during the second quarter worth approximately $21,477,000. River Road Asset Management LLC increased its holdings in shares of LGI Homes by 45.9% during the third quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock worth $82,425,000 after buying an additional 218,923 shares in the last quarter. Holocene Advisors LP raised its stake in shares of LGI Homes by 386.2% in the third quarter. Holocene Advisors LP now owns 130,968 shares of the financial services provider’s stock valued at $15,522,000 after acquiring an additional 104,030 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of LGI Homes by 51.8% in the 2nd quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider’s stock worth $24,144,000 after acquiring an additional 92,081 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

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.