Shares of LGI Homes Inc. (NASDAQ:LGIH) fell 4% during trading on Thursday . The company traded as low as $31.17 and last traded at $31.90, with a volume of 443,604 shares trading hands. The stock had previously closed at $33.22.

A number of brokerages have recently commented on LGIH. Zacks Investment Research lowered LGI Homes from a “buy” rating to a “sell” rating in a research note on Tuesday, May 24th. Deutsche Bank AG reissued a “buy” rating and set a $36.00 price target on shares of LGI Homes in a research note on Tuesday, March 22nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $34.70.

The company has a 50-day moving average price of $29.11 and a 200-day moving average price of $25.26. The company has a market cap of $694.79 million and a P/E ratio of 12.51.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company had revenue of $162.50 million for the quarter, compared to the consensus estimate of $167.55 million. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. On average, equities research analysts predict that LGI Homes Inc. will post $3.32 EPS for the current year.

In related news, major shareholder Eric Thomas Lipar sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $29.96, for a total transaction of $299,600.00. Following the sale, the insider now directly owns 491,433 shares in the company, valued at approximately $14,723,332.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Other hedge funds recently added to or reduced their stakes in the company. Redwood Investments LLC raised its stake in LGI Homes by 67.6% in the fourth quarter. Redwood Investments LLC now owns 65,270 shares of the company’s stock worth $1,588,000 after buying an additional 26,330 shares during the last quarter. Trexquant Investment LP bought a new stake in LGI Homes during the fourth quarter worth about $1,723,000. Hodges Capital Management Inc. raised its stake in LGI Homes by 32.9% in the fourth quarter. Hodges Capital Management Inc. now owns 112,450 shares of the company’s stock worth $2,736,000 after buying an additional 27,850 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in LGI Homes by 4.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 231,000 shares of the company’s stock worth $5,621,000 after buying an additional 10,000 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC raised its stake in LGI Homes by 69.9% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 296,207 shares of the company’s stock worth $7,207,000 after buying an additional 121,900 shares during the last quarter.

LGI Homes, Inc is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company has five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

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