Jupiter Topco LLC Invests $602,000 in LGI Homes, Inc. $LGIH

Jupiter Topco LLC purchased a new stake in LGI Homes, Inc. (NASDAQ:LGIHFree Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 9,452 shares of the financial services provider’s stock, valued at approximately $602,000.

Several other large investors also recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of LGI Homes by 58.7% in the first quarter. Royal Bank of Canada now owns 4,721 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 1,746 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in LGI Homes by 5.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,502 shares of the financial services provider’s stock valued at $831,000 after buying an additional 621 shares during the last quarter. Goldman Sachs Group Inc. raised its position in LGI Homes by 5.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 250,142 shares of the financial services provider’s stock valued at $16,627,000 after buying an additional 12,524 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in LGI Homes by 106.6% in 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. Finally, Invesco Ltd. lifted its stake in LGI Homes by 19.0% in the 2nd quarter. Invesco Ltd. now owns 85,400 shares of the financial services provider’s stock valued at $4,400,000 after acquiring an additional 13,611 shares in the last quarter. Institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of LGIH stock opened at $55.00 on Monday. LGI Homes, Inc. has a 52-week low of $33.55 and a 52-week high of $69.50. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 19.30 and a beta of 1.84. The firm’s 50-day moving average is $58.44 and its 200-day moving average is $50.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 17.74.

LGI Homes (NASDAQ:LGIHGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%.The firm had revenue of $516.05 million for the quarter, compared to the consensus estimate of $489.23 million. During the same quarter in the previous year, the business earned $1.36 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of LGI Homes from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. Wall Street Zen raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $72.75.

View Our Latest Report on LGIH

LGI Homes Company 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.

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

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