LGI Homes, Inc. $LGIH Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC decreased its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 28.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,041 shares of the financial services provider’s stock after selling 12,243 shares during the period. Campbell & CO Investment Adviser LLC owned approximately 0.13% of LGI Homes worth $1,599,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jump Financial LLC acquired a new position in LGI Homes during the first quarter worth $2,144,000. Invesco Ltd. boosted its position in shares of LGI Homes by 10.2% during the 1st quarter. Invesco Ltd. now owns 71,789 shares of the financial services provider’s stock worth $4,772,000 after purchasing an additional 6,621 shares in the last quarter. Nuveen LLC acquired a new position in shares of LGI Homes during the 1st quarter worth $4,313,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of LGI Homes in the 1st quarter valued at about $71,000. Finally, EntryPoint Capital LLC lifted its stake in shares of LGI Homes by 47.3% in the first quarter. EntryPoint Capital LLC now owns 4,490 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 1,441 shares during the period. 84.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LGIH has been the topic of several recent analyst reports. JMP Securities upped their target price on shares of LGI Homes from $75.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 27th. Weiss Ratings restated a “sell (d+)” rating on shares of LGI Homes in a report on Wednesday, October 8th. Capital One Financial set a $60.00 price objective on LGI Homes in a research note on Thursday, October 9th. Wedbush reiterated a “neutral” rating and set a $95.00 target price on shares of LGI Homes in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. upped their target price on LGI Homes from $47.00 to $48.50 and gave the company an “underweight” rating in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, LGI Homes currently has an average rating of “Hold” and a consensus price target of $72.13.

LGI Homes Price Performance

NASDAQ:LGIH opened at $47.03 on Wednesday. LGI Homes, Inc. has a 12-month low of $39.70 and a 12-month high of $114.56. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 7.09 and a beta of 1.75. The company’s 50-day moving average is $51.07 and its two-hundred day moving average is $53.89. The company has a current ratio of 18.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.85.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). LGI Homes had a net margin of 7.63% and a return on equity of 8.00%. The firm had revenue of $396.63 million during the quarter, compared to analyst estimates of $421.66 million. Research analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current year.

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.