Public Employees Retirement System of Ohio Sells 6,263 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Public Employees Retirement System of Ohio lessened its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,259 shares of the financial services provider’s stock after selling 6,263 shares during the period. Public Employees Retirement System of Ohio owned about 0.11% of LGI Homes worth $3,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LGIH. Denali Advisors LLC bought a new position in LGI Homes in the second quarter worth approximately $993,000. Citigroup Inc. raised its holdings in LGI Homes by 60.9% in 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 during the period. Wealth Enhancement Advisory Services LLC lifted its position in LGI Homes by 5.8% during 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. grew its holdings in LGI Homes by 21.3% during the second quarter. American Century Companies Inc. now owns 29,358 shares of the financial services provider’s stock valued at $2,627,000 after purchasing an additional 5,159 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its stake in shares of LGI Homes by 1.7% in the second 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. Hedge funds and other institutional investors own 84.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LGIH shares. JPMorgan Chase & Co. reduced their target price on shares of LGI Homes from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday. Wedbush restated a “neutral” rating and set a $125.00 price objective on shares of LGI Homes in a research report on Wednesday, November 6th.

LGI Homes Stock Up 0.8 %

Shares of LGIH opened at $100.65 on Tuesday. The business’s 50 day moving average is $106.96 and its 200 day moving average is $104.32. 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, Inc. has a 12-month low of $84.00 and a 12-month high of $136.89. The company has a market capitalization of $2.37 billion, a PE ratio of 12.07 and a beta of 1.99.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm had revenue of $651.85 million for the quarter, compared to analysts’ expectations of $645.27 million. During the same quarter last year, the business posted $2.84 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts expect 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.