Can analysts adopt a bullish outlook for LGI Homes Inc (NASDAQ:LGIH)?

July 26, 2017 - By Stephen Andrade

 Can analysts adopt a bullish outlook for LGI Homes Inc (NASDAQ:LGIH)?
Investors sentiment decreased to 1.12 in Q4 2016. Its down 0.26, from 1.38 in 2016Q3. It is negative, as 26 investors sold LGI Homes Inc shares while 39 reduced holdings. 19 funds opened positions while 54 raised stakes. 18.17 million shares or 10.20% more from 16.49 million shares in 2016Q3 were reported.
California-based Schwab Charles Invest Mngmt has invested 0% in LGI Homes Inc (NASDAQ:LGIH). Creative Planning reported 0% stake. Aqr Management Limited Co, a Connecticut-based fund reported 31,025 shares. White Pine Ltd Llc reported 46,110 shares. First Foundation Advsrs accumulated 15,000 shares or 0.03% of the stock. Stevens Cap Limited Partnership holds 15,259 shares or 0.02% of its portfolio. Brown Advisory stated it has 0% in LGI Homes Inc (NASDAQ:LGIH). Keybank Natl Association Oh holds 0% in LGI Homes Inc (NASDAQ:LGIH) or 16,248 shares. Capstone Asset Mgmt reported 0.01% of its portfolio in LGI Homes Inc (NASDAQ:LGIH). Goldman Sachs Gp holds 58,139 shares or 0% of its portfolio. Texas Permanent School Fund reported 12,418 shares. Victory Cap Mngmt invested 0% in LGI Homes Inc (NASDAQ:LGIH). Moreover, Howe And Rusling has 0.02% invested in LGI Homes Inc (NASDAQ:LGIH) for 2,550 shares. Comerica Bank & Trust accumulated 0% or 17,980 shares. Argent Mngmt Lc stated it has 0.11% in LGI Homes Inc (NASDAQ:LGIH).

Since March 15, 2017, it had 0 insider buys, and 6 insider sales for $1.16 million activity. 850 shares were sold by Eaton Rachel Lyons, worth $27,447. On Wednesday, March 15 the insider Merdian Charles Michael sold $137,394. Britton Margaret Mary sold $82,501 worth of stock. 8,250 LGI Homes Inc (NASDAQ:LGIH) shares with value of $266,393 were sold by Snider Michael Larry. Lipar Jack Anthony sold $109,947 worth of stock or 3,405 shares. 16,670 shares were sold by Lipar Eric Thomas, worth $538,274.

LGI Homes Inc (NASDAQ:LGIH) Ratings Coverage

Among 5 analysts covering LGI Homes (NASDAQ:LGIH), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. LGI Homes had 11 analyst reports since August 6, 2015 according to SRatingsIntel. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, January 6 report. Wells Fargo upgraded the shares of LGIH in report on Tuesday, May 16 to “Market Perform” rating. As per Friday, August 7, the company rating was upgraded by Zacks. The firm earned “Buy” rating on Tuesday, December 29 by Sidoti. As per Monday, February 6, the company rating was downgraded by Wells Fargo. The firm has “Neutral” rating by Wedbush given on Tuesday, December 6. The company was initiated on Thursday, September 29 by Wells Fargo. Below is a list of LGI Homes Inc (NASDAQ:LGIH) latest ratings and price target changes.

16/05/2017 Broker: Wells Fargo Old Rating: Underperform New Rating: Market Perform Upgrade
08/02/2017 Broker: BTIG Research Rating: Neutral Initiates Coverage On
06/02/2017 Broker: Wells Fargo Old Rating: Market Perform New Rating: Underperform Downgrade

It closed at $44.39 lastly. It is down 30.68% since July 26, 2016 and is uptrending. It has outperformed by 13.98% the S&P500.

LGI Homes, Inc. is a homebuilder and land developer. The company has market cap of $977.76 million. 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. It has a 13.29 P/E ratio. The Firm operates through five divisions: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

More notable recent LGI Homes Inc (NASDAQ:LGIH) news were published by: Nasdaq.com which released: “LGI Homes Debuts New Community in Fort Mill” on July 11, 2017, also Seekingalpha.com with their article: “LGI Homes Is Now Fairly Valued” published on July 10, 2017, Zacks.com published: “LGI Homes (LGIH) Jumps: Stock Rises 5% July 10, 2017” on July 10, 2017. More interesting news about LGI Homes Inc (NASDAQ:LGIH) were released by: Nasdaq.com and their article: “LGI Homes Opens Two New Communities in Houston Market” published on July 26, 2017 as well as Nasdaq.com‘s news article titled: “LGI Homes Introduces New Floor Plans at Meriwether Community” with publication date: July 20, 2017.

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