River Road Asset Management LLC Raises Position in LGI Homes, Inc. (NASDAQ:LGIH)

River Road Asset Management LLC lifted its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 45.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 695,455 shares of the financial services provider’s stock after purchasing an additional 218,923 shares during the period. LGI Homes accounts for 1.1% of River Road Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding. River Road Asset Management LLC’s holdings in LGI Homes were worth $82,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UniSuper Management Pty Ltd bought a new position in LGI Homes in the 1st quarter worth approximately $583,000. First Eagle Investment Management LLC boosted its holdings in LGI Homes by 27.0% in the 1st quarter. First Eagle Investment Management LLC now owns 86,415 shares of the financial services provider’s stock valued at $10,056,000 after purchasing an additional 18,350 shares during the period. GSA Capital Partners LLP bought a new position in LGI Homes in the 1st quarter valued at $1,298,000. BNP Paribas Financial Markets boosted its holdings in LGI Homes by 28.6% in the 1st quarter. BNP Paribas Financial Markets now owns 34,290 shares of the financial services provider’s stock valued at $3,990,000 after purchasing an additional 7,616 shares during the period. Finally, Denali Advisors LLC bought a new position in LGI Homes in the 2nd quarter valued at $993,000. 84.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of LGI Homes from $95.00 to $93.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Wedbush reaffirmed a “neutral” rating and set a $125.00 price objective on shares of LGI Homes in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, LGI Homes presently has a consensus rating of “Hold” and an average price target of $126.00.

LGI Homes Stock Performance

NASDAQ LGIH opened at $103.54 on Tuesday. LGI Homes, Inc. has a 52-week low of $84.00 and a 52-week high of $136.89. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 12.63. The company has a market capitalization of $2.43 billion, a P/E ratio of 12.58 and a beta of 1.97. The company has a fifty day moving average of $110.42 and a 200-day moving average of $102.39.

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.