LGI Homes (NASDAQ:LGIH) Reaches New 1-Year Low – Time to Sell?

Shares of LGI Homes, Inc. (NASDAQ:LGIH) reached a new 52-week low on Wednesday . The stock traded as low as $82.99 and last traded at $83.16, with a volume of 7758 shares. The stock had previously closed at $84.65.

Wall Street Analyst Weigh In

A number of research firms have commented on LGIH. Wedbush restated a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of LGI Homes in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on LGI Homes from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, December 13th.

LGI Homes Price Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The company’s 50 day moving average price is $100.72 and its 200-day moving average price is $103.84. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 10.06 and a beta of 2.02.

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

Institutional Trading of LGI Homes

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

About LGI Homes

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.