Hedge Funds Have Never Been This Bullish On LGI Homes Inc (LGIH)

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading around the 3100 level. Since the end of March, investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned more than 50% since its bottom. In this article you are going to find out whether hedge funds thought LGI Homes Inc (NASDAQ:LGIH) was a good investment heading into the third quarter and how the stock traded in comparison to the top hedge fund picks.

LGI Homes Inc (NASDAQ:LGIH) has seen an increase in support from the world’s most elite money managers of late. LGI Homes Inc (NASDAQ:LGIH) was in 22

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LGI Homes Announces Opening of Three New Communities in Dallas-Fort Worth Market

The beautiful Ozark plan is now available at Oak Ridge.

The brand-new Ozark plan offers a spacious, open layout paired with a host of impressive upgrades.
The brand-new Ozark plan offers a spacious, open layout paired with a host of impressive upgrades.
The brand-new Ozark plan offers a spacious, open layout paired with a host of impressive upgrades.

DALLAS, Oct. 06, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced their continued expansion into the Dallas-Fort Worth market with three new communities, Princeton Crossroads, Oak Ridge and Seagoville Farms.

Ideally located northeast of downtown Dallas in Princeton, Texas is the community of Princeton Crossroads. Within this new community, LGI Homes is constructing 331 homes, offering a luxurious lineup of three-, four- and five-bedroom floor plans. Homes in this community range in size from 1,803 square feet up to 2,700 square feet and feature the highly sought-after CompleteHome Plus™ package. Included in every new home in this community are designer-selected features and upgrades such as

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LGI Homes Reports Record-Breaking September and Third Quarter 2020 Home Closings and Announces Plans to Host Third Quarter 2020 Earnings Call

THE WOODLANDS, Texas, Oct. 05, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced 811 home closings in September 2020, up from 654 home closings in September 2019, representing year-over-year growth of 24.0%. In addition, the Company announced record-breaking quarterly home closings of 2,091 during the third quarter of 2020 compared to 2,003 home closings in the third quarter of 2019, a 4.4% increase year-over-year. The Company finished the first nine months of 2020 with a total of 5,931 home closings, a 14.6% increase over 5,175 home closings during the first nine months of 2019.

As of the end of September 2020, the Company had 110 active selling communities.

The Company expects to release financial results for the third quarter ended September 30, 2020 before the market opens on Tuesday, November 3, 2020. The Company expects to hold a conference call for investors

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LGI Homes (LGIH) Hits 52-Week High, Can the Run Continue?

Shares of LGI Homes (LGIH) have been strong performers lately, with the stock up 9.9% over the past month. The stock hit a new 52-week high of $127.59 in the previous session. LGI Homes has gained 78.6% since the start of the year compared to the -16.5% move for the Zacks Finance sector and the -17.7% return for the Zacks Real Estate – Development industry.

What’s Driving the Outperformance?

The stock has an impressive record of positive earnings surprises, as it hasn’t missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 4, 2020, LGI Homes reported EPS of $2.21 versus consensus estimate of $1.49 while it beat the consensus revenue estimate by 4.3%.

For the current fiscal year, LGI Homes is expected to post earnings of $9.16 per share on $2.12 billion in revenues. This represents a 30.63% change in

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LGI Homes Announces Entrance into Bakersfield Market

The stunning Sunflower plan is available at Juliana’s Garden.

The brand-new Sunflower plan offers an incredible layout with five bedrooms, a spacious family room, an upstairs loft and more.
The brand-new Sunflower plan offers an incredible layout with five bedrooms, a spacious family room, an upstairs loft and more.
The brand-new Sunflower plan offers an incredible layout with five bedrooms, a spacious family room, an upstairs loft and more.

BAKERSFIELD, Calif., Sept. 29, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ:LGIH) today announced their entrance into the Bakersfield, California market with the opening of their newest community, Juliana’s Garden. This marks the company’s growth into its fourth market in the state of California.

“We have seen strong demand in the Bakersfield market and are pleased to offer homebuyers in this area an affordable alternative to renting,” said Chris Kelly, LGI Homes’ division president. “With owning a home becoming more important now, than ever, we believe Juliana’s Garden is the perfect location for those looking for a quality, upgraded home near

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LGI Homes Announces New Community Near Austin

The spacious Travis plan is now available at Homestead Estates in Elgin, Texas.

The stunning Travis plan offers an incredible amount of space with five bedrooms, a spacious family room and a large, upstairs game room.
The stunning Travis plan offers an incredible amount of space with five bedrooms, a spacious family room and a large, upstairs game room.
The stunning Travis plan offers an incredible amount of space with five bedrooms, a spacious family room and a large, upstairs game room.

ELGIN, Texas, Sept. 22, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of its newest community in the Austin market, Homestead Estates, offering an astounding line up of superior-quality homes with home prices starting in the $210s.

Ideally located in Elgin, Texas, Homestead Estates is situated less than five minutes from Highway 290, allowing residents to get anywhere quickly. This premier location places homeowners in great proximity to downtown Austin, several local attractions, great shopping, dining and a host of major employers. Inside the

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