LGI Homes (NASDAQ:LGIH) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

LGI Homes, Inc. (NASDAQ:LGIH) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $101.07 and traded as low as $86.38. LGI Homes shares last traded at $86.89, with a volume of 189,542 shares trading hands.

Analyst Ratings Changes

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

LGI Homes Trading Up 0.0 %

The stock has a market cap of $2.04 billion, a PE ratio of 10.42 and a beta of 2.02. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The firm has a 50-day simple moving average of $101.07 and a 200-day simple moving average of $103.88.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of LGI Homes in the third quarter worth $43,000. KBC Group NV grew its position in LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after buying an additional 168 shares in the last quarter. CWM LLC increased its stake in LGI Homes by 27.5% in the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 187 shares during the last quarter. Heritage Family Offices LLP bought a new position in LGI Homes in the 3rd quarter worth about $218,000. Finally, HighTower Advisors LLC bought a new stake in shares of LGI Homes during the 3rd quarter valued at about $229,000. 84.89% of the stock is owned by institutional investors.

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.