2,431 Shares in LGI Homes, Inc. (NASDAQ:LGIH) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,431 shares of the financial services provider’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in LGI Homes during the second quarter valued at approximately $39,000. First Horizon Advisors Inc. raised its position in LGI Homes by 32.5% during the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 108 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of LGI Homes in the third quarter valued at approximately $43,000. KBC Group NV raised its position in shares of LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 168 shares during the period. Finally, CWM LLC raised its position in shares of LGI Homes by 27.5% in the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 187 shares during the period. Institutional investors own 84.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LGIH. Wedbush reissued a “neutral” rating and issued a $125.00 price target on shares of LGI Homes in a research report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their target price on shares of LGI Homes from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, December 13th.

LGI Homes Price Performance

NASDAQ:LGIH opened at $96.47 on Wednesday. The stock has a market cap of $2.27 billion, a P/E ratio of 11.57 and a beta of 1.99. LGI Homes, Inc. has a one year low of $84.00 and a one year high of $136.89. The company has a fifty day moving average price of $106.96 and a 200 day moving average price of $104.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54.

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

LGI Homes 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.