Campbell Newman Asset Management Inc. Has $1.09 Million Stock Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Campbell Newman Asset Management Inc. lowered its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,201 shares of the financial services provider’s stock after selling 234 shares during the quarter. Campbell Newman Asset Management Inc. owned about 0.05% of LGI Homes worth $1,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LGIH. Altshuler Shaham Ltd lifted its stake in LGI Homes by 5,860.2% in the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock valued at $40,696,000 after buying an additional 447,130 shares during the period. Khrom Capital Management LLC bought a new stake in shares of LGI Homes in the second quarter worth about $21,477,000. River Road Asset Management LLC raised its position in shares of LGI Homes by 45.9% during the third quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock worth $82,425,000 after purchasing an additional 218,923 shares during the period. Holocene Advisors LP lifted its holdings in shares of LGI Homes by 386.2% during the 3rd quarter. Holocene Advisors LP now owns 130,968 shares of the financial services provider’s stock valued at $15,522,000 after purchasing an additional 104,030 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of LGI Homes by 51.8% in the 2nd quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider’s stock valued at $24,144,000 after purchasing an additional 92,081 shares during the period. 84.89% of the stock is currently owned by institutional investors.

LGI Homes Stock Up 3.6 %

Shares of NASDAQ LGIH traded up $3.16 during midday trading on Wednesday, reaching $90.40. The company’s stock had a trading volume of 7,242 shares, compared to its average volume of 171,071. LGI Homes, Inc. has a fifty-two week low of $82.94 and a fifty-two week high of $130.75. The stock has a 50 day simple moving average of $98.84 and a 200-day simple moving average of $103.70. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 10.84 and a beta of 2.02. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.54 by $0.41. The firm had revenue of $651.85 million for the quarter, compared to analysts’ expectations of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.84 EPS. Equities research analysts predict that LGI Homes, Inc. will post 8.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LGIH has been the topic of a number of research reports. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their price objective on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $160.00 price target on shares of LGI Homes in a research note on Friday, January 10th.

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.