BidaskClub downgraded shares of LGI Homes (NASDAQ:LGIH) from a sell rating to a strong sell rating in a report published on Saturday.

LGIH has been the topic of a number of other reports. ValuEngine cut LGI Homes from a hold rating to a sell rating in a research note on Friday, September 7th. Zacks Investment Research upgraded LGI Homes from a sell rating to a hold rating in a research note on Tuesday, July 24th. Finally, Wedbush set a $65.00 price objective on LGI Homes and gave the company a neutral rating in a research note on Friday, July 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $64.67.

NASDAQ:LGIH opened at $49.40 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.47 and a current ratio of 15.32. LGI Homes has a 52 week low of $44.79 and a 52 week high of $81.88. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.72 and a beta of 0.04.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.22. LGI Homes had a return on equity of 28.50% and a net margin of 9.81%. The company had revenue of $419.85 million for the quarter, compared to analysts’ expectations of $414.52 million. analysts anticipate that LGI Homes will post 6.57 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tdam USA Inc. raised its stake in shares of LGI Homes by 19.7% in the second quarter. Tdam USA Inc. now owns 23,455 shares of the financial services provider’s stock valued at $1,354,000 after acquiring an additional 3,868 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of LGI Homes by 444.3% during the second quarter. GSA Capital Partners LLP now owns 21,362 shares of the financial services provider’s stock worth $1,233,000 after buying an additional 17,437 shares during the last quarter. Pier Capital LLC purchased a new position in shares of LGI Homes during the first quarter worth about $6,734,000. Rhumbline Advisers lifted its position in LGI Homes by 4.5% in the second quarter. Rhumbline Advisers now owns 43,142 shares of the financial services provider’s stock valued at $2,491,000 after purchasing an additional 1,847 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in LGI Homes by 78.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,226 shares of the financial services provider’s stock valued at $821,000 after purchasing an additional 6,236 shares during the period. Institutional investors and hedge funds own 89.33% of the company’s stock.

About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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