Grandeur Peak Global Advisors LLC reduced its stake in LGI Homes Inc (NASDAQ:LGIH) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,026 shares of the financial services provider’s stock after selling 3,475 shares during the quarter. Grandeur Peak Global Advisors LLC’s holdings in LGI Homes were worth $6,467,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new position in shares of LGI Homes in the 1st quarter valued at approximately $126,000. Altium Wealth Management LLC purchased a new position in shares of LGI Homes in the 1st quarter valued at approximately $200,000. Parametrica Management Ltd purchased a new position in shares of LGI Homes in the 1st quarter valued at approximately $211,000. Profund Advisors LLC acquired a new stake in shares of LGI Homes in the 1st quarter valued at approximately $216,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of LGI Homes in the 2nd quarter valued at approximately $221,000. Institutional investors own 89.29% of the company’s stock.

LGIH has been the subject of several recent analyst reports. Zacks Investment Research raised LGI Homes from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub raised LGI Homes from a “sell” rating to a “hold” rating in a report on Friday, July 20th. ValuEngine cut LGI Homes from a “buy” rating to a “hold” rating in a report on Monday, May 14th. Finally, Wedbush reduced their price target on LGI Homes from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. LGI Homes has an average rating of “Hold” and an average target price of $64.67.

LGIH opened at $50.57 on Friday. The company has a quick ratio of 1.47, a current ratio of 15.32 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.20 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.73 and a beta of 0.04. LGI Homes Inc has a 12 month low of $42.10 and a 12 month high of $81.88.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.68 by $0.22. The business had revenue of $419.85 million during the quarter, compared to analysts’ expectations of $414.52 million. LGI Homes had a return on equity of 28.50% and a net margin of 9.81%. research analysts forecast that LGI Homes Inc will post 6.57 EPS for the current fiscal year.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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

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