Deutsche Bank AG Acquires Shares of 47,137 LGI Homes, Inc. $LGIH

Deutsche Bank AG acquired a new position in shares of LGI Homes, Inc. (NASDAQ:LGIHFree Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 47,137 shares of the financial services provider’s stock, valued at approximately $3,002,000.

A number of other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in shares of LGI Homes by 75.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 237 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in LGI Homes during the fourth quarter worth about $29,000. Russell Investments Group Ltd. grew its stake in LGI Homes by 106.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 305 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in LGI Homes during the 4th quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. raised its holdings in LGI Homes by 1,759.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 827 shares during the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Stock Down 1.4%

Shares of NASDAQ LGIH opened at $58.22 on Thursday. The company has a market capitalization of $1.35 billion, a P/E ratio of 20.43 and a beta of 1.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 17.74 and a quick ratio of 0.61. The company has a 50 day simple moving average of $58.99 and a 200-day simple moving average of $50.92. LGI Homes, Inc. has a 1 year low of $33.55 and a 1 year high of $69.50.

LGI Homes (NASDAQ:LGIHGet Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $516.05 million for the quarter, compared to analysts’ expectations of $489.23 million. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%.The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 earnings per share.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LGIH. Weiss Ratings cut LGI Homes from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Wall Street Zen raised LGI Homes from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Finally, JPMorgan Chase & Co. boosted their price objective on LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.75.

Read Our Latest Research Report on LGIH

LGI Homes Profile

(Free Report)

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.

See Also

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Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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