Pro-Lgi Homes Inc Institutional Investors Sentiment Runs High in 2019 Q1

LGI Homes, Inc. (NASDAQ:LGIH) Logo

Sentiment for Lgi Homes Inc (NASDAQ:LGIH)

Lgi Homes Inc (NASDAQ:LGIH) institutional sentiment increased to 1.45 in 2019 Q1. Its up 0.51, from 0.94 in 2018Q4. The ratio is positive, as 93 institutional investors increased or opened new positions, while 64 reduced and sold their holdings in Lgi Homes Inc. The institutional investors in our partner’s database now have: 19.74 million shares, down from 20.77 million shares in 2018Q4. Also, the number of institutional investors holding Lgi Homes Inc in their top 10 positions increased from 2 to 3 for an increase of 1. Sold All: 16 Reduced: 48 Increased: 56 New Position: 37.

LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, and Tennessee markets. The company has market cap of $1.74 billion. It offers entry-level homes and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. It has a 12.95 P/E ratio. At December 31, 2016, it owned 59 active communities under the LGI Homes brand; and 4 under the Terrata Homes brand.

The stock increased 3.42% or $2.51 during the last trading session, reaching $75.94. About 268,782 shares traded or 7.52% up from the average. LGI Homes, Inc. (NASDAQ:LGIH) has risen 14.93% since July 14, 2018 and is uptrending. It has outperformed by 10.50% the S&P500.

Analysts await LGI Homes, Inc. (NASDAQ:LGIH) to report earnings on August, 6. They expect $1.64 EPS, down 13.68 % or $0.26 from last year’s $1.9 per share. LGIH’s profit will be $37.60M for 11.58 P/E if the $1.64 EPS becomes a reality. After $0.73 actual EPS reported by LGI Homes, Inc. for the previous quarter, Wall Street now forecasts 124.66 % EPS growth.

D.C. Capital Advisors Ltd holds 13.21% of its portfolio in LGI Homes, Inc. for 300,000 shares. Montgomery Investment Management Inc owns 93,940 shares or 2.52% of their US portfolio. Moreover, Prescott Group Capital Management L.L.C. has 2.5% invested in the company for 202,342 shares. The California-based Neumeier Poma Investment Counsel Llc has invested 2.3% in the stock. Shaker Investments Llc Oh, a Ohio-based fund reported 44,290 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $1.00 million activity.

LGI Homes, Inc. (NASDAQ:LGIH) Ratings Coverage

Ratings analysis reveals 100% of LGI Homes’s analysts are positive. Out of 2 Wall Street analysts rating LGI Homes, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $66 while the high is $68. The stock’s average target of $67 is -11.77% below today’s ($75.94) share price. LGIH was included in 5 notes of analysts from February 27, 2019. As per Wednesday, February 27, the company rating was maintained by JMP Securities. The stock of LGI Homes, Inc. (NASDAQ:LGIH) has “Buy” rating given on Wednesday, March 6 by JMP Securities. The stock has “Outperform” rating by Wells Fargo on Wednesday, February 27.

More notable recent LGI Homes, Inc. (NASDAQ:LGIH) news were published by: Globenewswire.com which released: “LGI Homes Is Now Selling in Premier Locations in the Deltona-Daytona Beach-Ormond Beach Metropolitan Area – GlobeNewswire” on November 21, 2018, also Nasdaq.com with their article: “LGI Homes Announces Opening of New Section at Popular Fort Myers Community – Nasdaq” published on April 25, 2019, Fool.com published: “This Homebuilder Thinks It Can Deliver During a Housing Market Slowdown – Motley Fool” on November 07, 2018. More interesting news about LGI Homes, Inc. (NASDAQ:LGIH) were released by: Globenewswire.com and their article: “LGI Homes Expands Into Nevada With Affordable New Homes in Las Vegas – GlobeNewswire” published on October 31, 2018 as well as Seekingalpha.com‘s news article titled: “Home, Sweet LGI Homes – Seeking Alpha” with publication date: February 21, 2019.

LGI Homes, Inc. (NASDAQ:LGIH) Institutional Positions Chart

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