How Analysts Feel About LGI Homes, Inc. (NASDAQ:LGIH)?

February 24, 2018 - By Nellie Frank

 How Analysts Feel About LGI Homes, Inc. (NASDAQ:LGIH)?
Investors sentiment decreased to 1.09 in 2017 Q3. Its down 0.02, from 1.11 in 2017Q2. It turned negative, as 14 investors sold LGI Homes, Inc. shares while 53 reduced holdings. 31 funds opened positions while 42 raised stakes. 19.37 million shares or 3.04% less from 19.98 million shares in 2017Q2 were reported.
Covey Advsrs Ltd Liability Co owns 26,230 shares or 1.86% of their US portfolio. Fifth Third Bancorporation invested in 13 shares. 8,785 are owned by Voya Inv Management Limited Liability. Guggenheim Limited Liability Corp holds 0.01% or 50,860 shares in its portfolio. Peak6 Investments L P owns 14,754 shares. Kistler reported 0% stake. Moreover, Qs Investors Limited Liability Corporation has 0% invested in LGI Homes, Inc. (NASDAQ:LGIH). Us Savings Bank De reported 5,894 shares. Lord Abbett And Limited Liability, a New Jersey-based fund reported 267,644 shares. Argent Mngmt Ltd Liability has invested 0.06% in LGI Homes, Inc. (NASDAQ:LGIH). Moreover, Wasatch Advisors has 0.46% invested in LGI Homes, Inc. (NASDAQ:LGIH). Riggs Asset Managment Inc holds 100 shares. Legal & General Group Pcl invested in 31,296 shares or 0% of the stock. 179 are owned by Sanctuary Wealth Advisors Ltd. Tiaa Cref Invest Management Ltd Com holds 0% or 44,683 shares.

Since September 21, 2017, it had 0 insider buys, and 3 sales for $3.32 million activity. The insider Snider Michael Larry sold $160,335.

LGI Homes, Inc. (NASDAQ:LGIH) Ratings Coverage

Among 6 analysts covering LGI Homes (NASDAQ:LGIH), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. LGI Homes had 17 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, August 9 by JP Morgan. The stock has “Hold” rating by Wedbush on Wednesday, November 8. On Thursday, September 29 the stock rating was initiated by Wells Fargo with “Outperform”. Wells Fargo upgraded the stock to “Market Perform” rating in Tuesday, May 16 report. As per Tuesday, December 29, the company rating was initiated by Sidoti. Wells Fargo downgraded LGI Homes, Inc. (NASDAQ:LGIH) on Monday, February 6 to “Underperform” rating. The firm has “Hold” rating by Zacks given on Friday, August 7. The rating was initiated by Wedbush on Tuesday, December 6 with “Neutral”. The company was maintained on Wednesday, November 8 by JMP Securities. On Friday, January 6 the stock rating was downgraded by Wells Fargo to “Market Perform”. Below is a list of LGI Homes, Inc. (NASDAQ:LGIH) latest ratings and price target changes.

13/02/2018 Broker: Wedbush Old Rating: Neutral New Rating: Outperform Upgrade
08/11/2017 Broker: Wedbush Rating: Hold New Target: $60.0 Maintain
08/11/2017 Broker: JMP Securities Rating: Market Outperform Old Target: $62 New Target: $68 Maintain
03/10/2017 Broker: Wedbush Old Rating: Outperform New Rating: Neutral Downgrade
31/08/2017 Broker: Wedbush Old Rating: Neutral New Rating: Outperform Old Target: $35 Upgrade

The stock increased 1.12% or $0.73 during the last trading session, reaching $65.73. About 310,199 shares traded. LGI Homes, Inc. (NASDAQ:LGIH) has risen 30.68% since February 24, 2017 and is uptrending. It has outperformed by 13.98% the S&P500.

LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, and Tennessee markets. The company has market cap of $1.43 billion. It offers entry-level homes and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. It has a 15.18 P/E ratio. At December 31, 2016, it owned 59 active communities under the LGI Homes brand; and 4 under the Terrata Homes brand.

More recent LGI Homes, Inc. (NASDAQ:LGIH) news were published by: Globenewswire.com which released: “LGI Homes Introduces Townhomes in Nashville Market” on February 07, 2018. Also Seekingalpha.com published the news titled: “LGI Homes: Growth To Slow Down In 2018” on February 13, 2018. Globenewswire.com‘s news article titled: “LGI Homes, Inc. Reports January 2018 Home Closings” with publication date: February 05, 2018 was also an interesting one.

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