What’s Next for LGI Homes Inc After Today’s Bullish Options Activity?

 What's Next for LGI Homes Inc After Today's Bullish Options Activity?

In today’s session LGI Homes Inc (LGIH) registered an unusually high (335) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LGIH increase. With 335 contracts traded and 4634 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LGIH161118C00030000 closed last at: $3.9 or 4.9% down. About 154,033 shares traded hands. LGI Homes Inc (NASDAQ:LGIH) has risen 45.02% since March 14, 2016 and is uptrending. It has outperformed by 39.41% the S&P500.

Analysts await LGI Homes Inc (NASDAQ:LGIH) to report earnings on November, 2. They expect $0.84 EPS, up 10.53% or $0.08 from last year’s $0.76 per share. LGIH’s profit will be $17.82 million for 9.67 P/E if the $0.84 EPS becomes a reality. After $0.96 actual EPS reported by LGI Homes Inc for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

LGI Homes Inc (NASDAQ:LGIH) Ratings Coverage

Out of 3 analysts covering LGI Homes (NASDAQ:LGIH), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. LGI Homes has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, August 7 by Zacks. The company was initiated on Tuesday, December 29 by Sidoti. On Thursday, September 29 the stock rating was initiated by Wells Fargo with “Outperform”.

According to Zacks Investment Research, “LGI Homes, Inc. is engaged in the design and construction of entry-level homes across Texas, Arizona, Florida and Georgia. The company focuses on converting renters of apartments and single-family homes into homeowners by offering homes at affordable locations. LGI Homes, Inc. is headquartered in The Woodlands, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.65 in 2016 Q2. Its up 0.58, from 1.07 in 2016Q1. The ratio improved, as 10 funds sold all LGI Homes Inc shares owned while 38 reduced positions. 30 funds bought stakes while 49 increased positions. They now own 13.90 million shares or 12.99% more from 12.30 million shares in 2016Q1.
Covalent Prtnrs Ltd owns 523,803 shares or 5.76% of their US portfolio. The Pennsylvania-based Riggs Asset Managment has invested 0.66% in LGI Homes Inc (NASDAQ:LGIH). Moreover, 1832 Asset Mngmt L P has 0% invested in LGI Homes Inc (NASDAQ:LGIH) for 27,700 shares. New York State Common Retirement Fund has 0% invested in the company for 37,633 shares. Hodges Inc holds 0.22% of its portfolio in LGI Homes Inc (NASDAQ:LGIH) for 143,100 shares. Blackrock Japan Limited accumulated 421 shares or 0% of the stock. Teachers Advsrs Inc accumulated 26,351 shares or 0% of the stock. Next Century Growth Invsts Lc holds 0.4% of its portfolio in LGI Homes Inc (NASDAQ:LGIH) for 268,936 shares. Icon Advisers Inc last reported 7,200 shares in the company. Ubs Asset Management Americas accumulated 8,581 shares or 0% of the stock. Royal Bank & Trust Of Canada holds 40,336 shares or 0% of its portfolio. The Texas-based Bridgeway Capital Mgmt has invested 0.05% in LGI Homes Inc (NASDAQ:LGIH). Gsa Cap Prtn Llp accumulated 0.03% or 17,100 shares. Patten And Patten Tn has invested 0.04% of its portfolio in LGI Homes Inc (NASDAQ:LGIH). Moreover, American Intl Group Inc has 0% invested in LGI Homes Inc (NASDAQ:LGIH) for 8,893 shares.

LGI Homes, Inc. is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The company has a market cap of $689.41 million. The Firm has five divisions: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division. It has a 10.8 P/E ratio. The Texas division includes homebuilding activities in Houston, Dallas/Fort Worth, San Antonio and Austin locations.

LGIH Company Profile

LGI Homes, Inc., incorporated on June 26, 2013, is a homebuilder. The Firm is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Firm has five divisions: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division. The Texas division includes homebuilding activities in Houston, Dallas/Fort Worth, San Antonio and Austin locations. The Southwest division includes homebuilding activities in Phoenix, Tucson, Albuquerque, Denver and Colorado Springs locations. The Southeast division includes homebuilding activities in Atlanta, Charlotte and Nashville locations. The Florida division includes homebuilding activities in Tampa, Orlando, Fort Myers and Jacksonville locations. The Northwest division includes homebuilding activities in Seattle location.

More notable recent LGI Homes Inc (NASDAQ:LGIH) news were published by: Quotes.Wsj.com which released: “News LGI Homes Inc.LGIH” on November 02, 2013, also Globenewswire.com with their article: “LGI Homes, Inc. Reports June 2016 Home Closings and Record Breaking Second …” published on July 07, 2016, Prnewswire.com published: “Research Reports Initiation on Financial Stocks — Zillow, Summit Hotel …” on October 14, 2016. More interesting news about LGI Homes Inc (NASDAQ:LGIH) were released by: Fool.com and their article: “Why Baker Hughes, LGI Homes, and Acuity Brands Jumped Today” published on April 06, 2016 as well as Zacks.com‘s news article titled: “LGI Homes (LGIH) Sees Hammer Chart Pattern: Time to Buy?” with publication date: October 12, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment