Barclays PLC Sells 5,116 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Barclays PLC cut its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,801 shares of the financial services provider's stock after selling 5,116 shares during the quarter. Barclays PLC owned about 0.21% of LGI Homes worth $4,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. raised its position in shares of LGI Homes by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider's stock worth $195,000 after buying an additional 141 shares in the last quarter. Blue Trust Inc. increased its stake in LGI Homes by 112.9% in the 4th quarter. Blue Trust Inc. now owns 347 shares of the financial services provider's stock worth $31,000 after acquiring an additional 184 shares during the last quarter. KBC Group NV raised its holdings in shares of LGI Homes by 51.6% in the 4th quarter. KBC Group NV now owns 1,110 shares of the financial services provider's stock valued at $99,000 after acquiring an additional 378 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of LGI Homes by 8.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,136 shares of the financial services provider's stock valued at $459,000 after acquiring an additional 402 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of LGI Homes by 801.5% during the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock worth $55,000 after purchasing an additional 545 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

Insider Transactions at LGI Homes

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $75.94, for a total value of $83,913.70. Following the transaction, the chief operating officer now owns 27,102 shares in the company, valued at approximately $2,058,125.88. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LGIH. Seaport Res Ptn upgraded shares of LGI Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. JMP Securities restated a "market outperform" rating and set a $140.00 price target on shares of LGI Homes in a research report on Wednesday. Wedbush reiterated a "neutral" rating and issued a $115.00 price objective (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their target price on LGI Homes from $82.00 to $80.00 and set an "underweight" rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, LGI Homes currently has an average rating of "Hold" and an average price target of $111.67.

LGI Homes Trading Up 2.8 %

NASDAQ LGIH traded up $1.51 during trading on Friday, hitting $54.69. 67,156 shares of the company's stock traded hands, compared to its average volume of 238,664. The stock has a fifty day moving average of $65.46 and a two-hundred day moving average of $85.92. LGI Homes, Inc. has a 12-month low of $52.48 and a 12-month high of $125.83. The firm has a market cap of $1.28 billion, a P/E ratio of 6.57 and a beta of 1.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.29). LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $351.42 million for the quarter, compared to the consensus estimate of $380.07 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. LGI Homes's revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current year.

LGI Homes Company Profile

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.