Swiss National Bank Acquires 800 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Swiss National Bank raised its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 1.6% during the second quarter, HoldingsChannel.com reports. The fund owned 49,581 shares of the financial services provider’s stock after purchasing an additional 800 shares during the period. Swiss National Bank’s holdings in LGI Homes were worth $8,029,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Alps Advisors Inc. lifted its holdings in shares of LGI Homes by 4.2% during the first quarter. Alps Advisors Inc. now owns 2,465 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 99 shares during the period. US Bancorp DE increased its stake in shares of LGI Homes by 18.5% in the second quarter. US Bancorp DE now owns 941 shares of the financial services provider’s stock valued at $152,000 after buying an additional 147 shares during the period. Mutual of America Capital Management LLC raised its position in shares of LGI Homes by 6.6% during the first quarter. Mutual of America Capital Management LLC now owns 2,937 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 182 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of LGI Homes by 6.4% in the second quarter. Kestra Private Wealth Services LLC now owns 3,111 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 186 shares during the period. Finally, Strs Ohio bought a new stake in LGI Homes in the first quarter valued at approximately $29,000. 84.33% of the stock is currently owned by institutional investors.

NASDAQ:LGIH opened at $151.09 on Wednesday. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 8.62 and a beta of 1.57. The firm has a fifty day simple moving average of $159.30 and a two-hundred day simple moving average of $158.67. The company has a current ratio of 10.47, a quick ratio of 1.20 and a debt-to-equity ratio of 0.45. LGI Homes, Inc. has a 12 month low of $95.54 and a 12 month high of $188.00.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, August 3rd. The financial services provider reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $3.72 by $0.99. The business had revenue of $791.51 million during the quarter, compared to analyst estimates of $770.64 million. LGI Homes had a return on equity of 35.38% and a net margin of 15.13%. The firm’s revenue was up 64.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. Equities analysts predict that LGI Homes, Inc. will post 17.75 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on LGIH shares. Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “buy” rating and set a $183.00 price objective for the company in a research report on Wednesday, July 14th. JMP Securities lifted their price objective on LGI Homes from $140.00 to $175.00 and gave the stock a “market outperform” rating in a research report on Friday, June 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, LGI Homes currently has an average rating of “Hold” and a consensus target price of $159.50.

About LGI Homes

LGI Homes, Inc engages in the design, construction, marketing, and sale of new homes. It focuses on residential land development business. It operates through the following segments: Central, West, Southeast, Florida, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

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Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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