Quest Partners LLC Sells 213 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Quest Partners LLC decreased its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 43.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 273 shares of the financial services provider’s stock after selling 213 shares during the period. Quest Partners LLC’s holdings in LGI Homes were worth $32,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Altshuler Shaham Ltd increased its holdings in shares of LGI Homes by 5,860.2% during the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock worth $40,696,000 after buying an additional 447,130 shares in the last quarter. Khrom Capital Management LLC bought a new position in LGI Homes during the second quarter worth $21,477,000. River Road Asset Management LLC boosted its position in shares of LGI Homes by 45.9% during the 3rd quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock valued at $82,425,000 after purchasing an additional 218,923 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of LGI Homes by 51.8% during the 2nd quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider’s stock worth $24,144,000 after buying an additional 92,081 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in LGI Homes by 2,629.8% in the second quarter. Bank of Montreal Can now owns 86,889 shares of the financial services provider’s stock valued at $8,550,000 after purchasing an additional 83,706 shares in the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Trading Down 0.7 %

Shares of LGI Homes stock opened at $109.49 on Monday. LGI Homes, Inc. has a 1 year low of $84.00 and a 1 year high of $136.89. The stock has a fifty day moving average price of $109.10 and a 200-day moving average price of $103.77. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The firm has a market cap of $2.57 billion, a PE ratio of 13.13 and a beta of 1.97.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. The business had revenue of $651.85 million for the quarter, compared to analysts’ expectations of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.84 EPS. Equities research analysts anticipate that LGI Homes, Inc. will post 8.72 EPS for the current year.

Analysts Set New Price Targets

Separately, 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.

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.