Wall Street Zen downgraded shares of LGI Homes (NASDAQ:LGIH – Free Report) from a hold rating to a sell rating in a research note issued to investors on Saturday.

LGIH has been the topic of several other research reports. Zacks Research upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings raised shares of LGI Homes from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on LGI Homes from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $72.75.

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Shares of NASDAQ:LGIH opened at $60.04 on Friday. The business’s 50 day simple moving average is $57.34 and its two-hundred day simple moving average is $50.43. The firm has a market cap of $1.40 billion, a P/E ratio of 21.07 and a beta of 1.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 17.74. LGI Homes has a 52-week low of $33.55 and a 52-week high of $69.50.

LGI Homes (NASDAQ:LGIH – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%.The firm had revenue of $516.05 million during the quarter, compared to the consensus estimate of $489.23 million. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LGIH. BlackRock Inc. purchased a new position in shares of LGI Homes in the 2nd quarter worth approximately $226,799,000. Deutsche Bank AG bought a new stake in LGI Homes during the second quarter worth $3,002,000. Perigon Wealth Management LLC bought a new position in LGI Homes in the 2nd quarter valued at $256,000. OneDigital Investment Advisors LLC purchased a new stake in shares of LGI Homes during the 2nd quarter valued at $2,739,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of LGI Homes during the 2nd quarter valued at $366,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

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LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.

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