LGI Homes, Inc. (NASDAQ:LGIH) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in LGI Homes, Inc. (NASDAQ:LGIHGet Rating) by 16.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,600 shares of the financial services provider’s stock after selling 2,436 shares during the period. Envestnet Asset Management Inc.’s holdings in LGI Homes were worth $1,095,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State of Tennessee Treasury Department boosted its stake in shares of LGI Homes by 1.3% during the first quarter. State of Tennessee Treasury Department now owns 10,612 shares of the financial services provider’s stock valued at $1,036,000 after acquiring an additional 132 shares during the last quarter. Truist Financial Corp boosted its stake in shares of LGI Homes by 4.8% during the first quarter. Truist Financial Corp now owns 3,171 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 144 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of LGI Homes by 0.8% during the first quarter. Great West Life Assurance Co. Can now owns 18,571 shares of the financial services provider’s stock valued at $1,859,000 after acquiring an additional 151 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of LGI Homes by 5.4% during the first quarter. Mutual of America Capital Management LLC now owns 3,077 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 159 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of LGI Homes by 9.6% during the first quarter. Guggenheim Capital LLC now owns 2,085 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 183 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com assumed coverage on LGI Homes in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. raised their price target on LGI Homes from $73.00 to $84.00 and gave the stock an “underweight” rating in a research note on Tuesday. Wedbush decreased their price target on LGI Homes from $94.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, October 10th. Finally, JMP Securities decreased their price target on LGI Homes from $175.00 to $140.00 and set a “market outperform” rating on the stock in a research note on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.20.

LGI Homes Stock Performance

LGI Homes stock opened at $96.78 on Thursday. The stock’s 50-day moving average is $86.63 and its 200-day moving average is $93.22. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 5.75 and a beta of 1.58. The company has a debt-to-equity ratio of 0.77, a current ratio of 10.89 and a quick ratio of 0.47. LGI Homes, Inc. has a 12 month low of $71.73 and a 12 month high of $160.59.

LGI Homes Company Profile

(Get Rating)

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 companies looking to acquire single-family rental properties.

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

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