LGI Homes (NASDAQ:LGIH) Reaches New 52-Week Low – Should You Sell?

LGI Homes, Inc. (NASDAQ:LGIH)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $81.35 and last traded at $81.88, with a volume of 7531 shares. The stock had previously closed at $84.08.

Analyst Ratings Changes

Several research firms have recently weighed in on LGIH. Wedbush restated a “neutral” rating and issued a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Seaport Res Ptn raised LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 target price on shares of LGI Homes in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, LGI Homes presently has a consensus rating of “Hold” and a consensus target price of $118.33.

LGI Homes Stock Performance

The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 9.33 and a beta of 2.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The firm has a fifty day moving average of $88.83 and a 200 day moving average of $101.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC boosted its holdings in LGI Homes by 27.5% in the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 187 shares during the last quarter. Creative Planning purchased a new stake in shares of LGI Homes during the 3rd quarter valued at approximately $375,000. Raymond James & Associates lifted its holdings in LGI Homes by 18.0% in the third quarter. Raymond James & Associates now owns 114,880 shares of the financial services provider’s stock valued at $13,616,000 after acquiring an additional 17,535 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in LGI Homes in the third quarter worth approximately $43,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in 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 worth $383,000 after acquiring an additional 176 shares during the period. 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.