Could LGI Homes Inc (LGIH) Change Direction After Touching All Time High?

July 17, 2017 - By Louis Casey

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.
The New Jersey-based Palisade Ltd Co Nj has invested 0.04% in LGI Homes Inc (NASDAQ:LGIH). Howe And Rusling Inc invested 0.02% in LGI Homes Inc (NASDAQ:LGIH). Stevens Capital Management Limited Partnership accumulated 15,259 shares. Parametric Port Assocs Ltd owns 13,002 shares. State Of Tennessee Treasury Department stated it has 13,400 shares. 11,900 are owned by Pub Sector Pension Invest Board. Capstone Asset Management stated it has 9,540 shares or 0.01% of all its holdings. Macquarie Gru stated it has 982,528 shares or 0.05% of all its holdings. Fincl Bank Of Montreal Can has 0% invested in LGI Homes Inc (NASDAQ:LGIH) for 264 shares. Neumeier Poma Investment Counsel Limited Liability Corporation stated it has 2.38% of its portfolio in LGI Homes Inc (NASDAQ:LGIH). Ameriprise Financial accumulated 84,760 shares. Putnam Ltd Liability invested in 117,644 shares. Tiaa Cref Lc invested in 50,985 shares. Manning & Napier Advsr owns 145,260 shares or 0.03% of their US portfolio. 2.14 million are owned by Gilder Gagnon Howe Co Limited Company.

Since January 19, 2017, it had 0 buys, and 7 insider sales for $1.46 million activity. Lipar Jack Anthony had sold 3,405 shares worth $109,947. Lipar Eric Thomas also sold $538,274 worth of LGI Homes Inc (NASDAQ:LGIH) on Wednesday, March 15. $27,447 worth of LGI Homes Inc (NASDAQ:LGIH) was sold by Eaton Rachel Lyons on Wednesday, March 15. $82,501 worth of LGI Homes Inc (NASDAQ:LGIH) was sold by Britton Margaret Mary. 8,250 LGI Homes Inc (NASDAQ:LGIH) shares with value of $266,393 were sold by Snider Michael Larry. Shares for $137,394 were sold by Merdian Charles Michael.

The stock of LGI Homes Inc (NASDAQ:LGIH) reached all time high today, Jul, 17 and still has $44.69 target or 3.00 % above today’s $43.39 share price. This indicates more upside for the $945.01 million company. This technical setup was reported by Barchart.com. If the $44.69 PT is reached, the company will be worth $28.35M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 249,160 shares traded. LGI Homes Inc (NASDAQ:LGIH) has risen 30.68% since July 17, 2016 and is uptrending. It has outperformed by 13.98% the S&P500.

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 LGI Homes Inc (NASDAQ:LGIH) on Friday, January 6 to “Market Perform” rating. The firm has “Buy” rating by Sidoti given on Tuesday, December 29. The firm earned “Underperform” rating on Monday, February 6 by Wells Fargo. The firm earned “Neutral” rating on Tuesday, December 6 by Wedbush. The rating was upgraded by Zacks on Friday, August 7 to “Hold”. The company was initiated on Thursday, September 29 by Wells Fargo. The stock has “Market Perform” rating by Wells Fargo on Tuesday, May 16.

More notable recent LGI Homes Inc (NASDAQ:LGIH) news were published by: Nasdaq.com which released: “LGI Homes Releases Last 18 Homes for Sale in Popular Berry’s Ridge Community” on July 12, 2017, also Seekingalpha.com with their article: “LGI Homes: Unreasonably Undervalued” published on March 21, 2017, Nasdaq.com published: “LGI Homes Debuts New Community in Fort Mill” on July 11, 2017. More interesting news about LGI Homes Inc (NASDAQ:LGIH) were released by: Seekingalpha.com and their article: “LGI Homes Is Now Fairly Valued” published on July 10, 2017 as well as Globenewswire.com‘s news article titled: “LGI Homes, Inc. Reports March and First Quarter 2017 Home Closings” with publication date: April 05, 2017.

LGI Homes, Inc. is a homebuilder and land developer. The company has market cap of $945.01 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 12.99 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.

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