LGI Homes, Inc. was dropped from the Russell 3000 Growth Index, Russell Small Cap Comp Growth Index, Russell 2500 Growth Index, Russell 3000E Growth Index, and Russell 2000 Growth Index. The company was also dropped from the Russell 2000 Growth-Defensive Index.
These changes are a result of the annual rebalancing of the Russell indices, which are widely used benchmarks for institutional investors. Inclusion or exclusion from these indices can influence a company's stock liquidity and investor base.
The removal from these growth-oriented indices suggests a reclassification of LGI Homes' investment profile by the index provider. This event is significant for investors tracking index-linked funds and those focused on growth stock allocations.
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