Quadrature Capital Ltd Has $222,000 Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Quadrature Capital Ltd decreased its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 58.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,873 shares of the financial services provider’s stock after selling 2,673 shares during the quarter. Quadrature Capital Ltd’s holdings in LGI Homes were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Denali Advisors LLC acquired a new stake in LGI Homes in the second quarter worth $993,000. Citigroup Inc. boosted its position in shares of LGI Homes by 60.9% during the 3rd quarter. Citigroup Inc. now owns 41,797 shares of the financial services provider’s stock worth $4,954,000 after purchasing an additional 15,818 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of LGI Homes by 5.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock valued at $383,000 after buying an additional 176 shares during the period. American Century Companies Inc. increased its position in LGI Homes by 21.3% in the 2nd quarter. American Century Companies Inc. now owns 29,358 shares of the financial services provider’s stock valued at $2,627,000 after buying an additional 5,159 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in LGI Homes by 1.7% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 906,198 shares of the financial services provider’s stock worth $81,096,000 after buying an additional 15,340 shares during the period. Institutional investors own 84.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued a “neutral” rating and issued a $125.00 price objective on shares of LGI Homes in a research note on Wednesday, November 6th.

LGI Homes Stock Down 3.6 %

LGI Homes stock opened at $105.50 on Wednesday. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 12.65 and a beta of 1.99. The firm’s fifty day moving average price is $107.87 and its two-hundred day moving average price is $104.12. LGI Homes, Inc. has a 1-year low of $84.00 and a 1-year high of $136.89. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77.

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

LGI Homes Company Profile

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.