Notable Runner: Could LGI Homes Inc Decline After Today’s Significant Increase?

Notable Runner: Could LGI Homes Inc Decline After Today's Significant Increase?

The stock of LGI Homes Inc (NASDAQ:LGIH) is a huge mover today! About 257,560 shares traded hands. LGI Homes Inc (NASDAQ:LGIH) has risen 27.56% since April 4, 2016 and is uptrending. It has outperformed by 26.47% the S&P500.
The move comes after 8 months positive chart setup for the $671.69 million company. It was reported on Nov, 4 by Barchart.com. We have $38.66 PT which if reached, will make NASDAQ:LGIH worth $141.05 million more.

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 stock of LGI Homes Inc (NASDAQ:LGIH) earned “Outperform” rating by Wells Fargo on Thursday, September 29. The company was initiated on Tuesday, December 29 by Sidoti. Zacks upgraded the stock to “Hold” rating in Friday, August 7 report.

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 increased, 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.
Macquarie Group Limited holds 31,697 shares or 0% of its portfolio. Albion Grp Ut has invested 0.12% of its portfolio in LGI Homes Inc (NASDAQ:LGIH). Next Century Growth Invsts Limited Co has 0.4% invested in the company for 268,936 shares. Blackrock Japan Limited has invested 0% of its portfolio in LGI Homes Inc (NASDAQ:LGIH). Capital Growth Management Ltd Partnership reported 955,000 shares or 1.36% of all its holdings. Bridgeway Inc owns 109,500 shares or 0.05% of their US portfolio. Goldman Sachs Grp has 11,671 shares for 0% of their US portfolio. Teacher Retirement Of Texas holds 2,101 shares or 0% of its portfolio. Tradewinds Capital Mgmt Ltd Liability Company owns 100 shares or 0% of their US portfolio. Two Sigma Secs Limited Liability Corporation has invested 0.3% of its portfolio in LGI Homes Inc (NASDAQ:LGIH). Pinnacle Limited Liability last reported 0% of its portfolio in the stock. Springbok Cap Mgmt Limited holds 0.26% or 57,663 shares in its portfolio. Moreover, Quantbot Technology Limited Partnership has 0% invested in LGI Homes Inc (NASDAQ:LGIH) for 1,055 shares. Paradigm Asset Mgmt Limited Co last reported 0% of its portfolio in the stock. The Illinois-based Guggenheim Capital Llc has invested 0% in LGI Homes Inc (NASDAQ:LGIH).

More notable recent LGI Homes Inc (NASDAQ:LGIH) news were published by: Globenewswire.com which released: “LGI Homes, Inc. Reports October 2016 Home Closings” on November 03, 2016, also Quotes.Wsj.com with their article: “News LGI Homes Inc.LGIH” published on November 02, 2013, Seekingalpha.com published: “LGI Homes: Building Fast” on October 28, 2016. More interesting news about LGI Homes Inc (NASDAQ:LGIH) were released by: Globenewswire.com and their article: “LGI Homes, Inc. Reports June 2016 Home Closings and Record Breaking Second …” published on July 07, 2016 as well as Fool.com‘s news article titled: “Why Baker Hughes, LGI Homes, and Acuity Brands Jumped Today” with publication date: April 06, 2016.

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.

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