BNP Paribas Financial Markets Has $170,000 Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

BNP Paribas Financial Markets lessened its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 92.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,896 shares of the financial services provider's stock after selling 22,951 shares during the period. BNP Paribas Financial Markets' holdings in LGI Homes were worth $170,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Summit Investment Advisors Inc. increased 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 acquiring an additional 141 shares in the last quarter. Mariner LLC lifted its position in shares of LGI Homes by 3.2% in the 4th quarter. Mariner LLC now owns 4,581 shares of the financial services provider's stock valued at $410,000 after acquiring an additional 143 shares in the last quarter. Blue Trust Inc. boosted 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 purchasing an additional 184 shares during the period. Tower Research Capital LLC TRC grew its position in LGI Homes by 10.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock worth $198,000 after purchasing an additional 212 shares in the last quarter. Finally, KBC Group NV grew its position in LGI Homes by 51.6% during the 4th quarter. KBC Group NV now owns 1,110 shares of the financial services provider's stock worth $99,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 84.89% of the company's stock.

LGI Homes Stock Up 3.1%

Shares of NASDAQ LGIH traded up $1.52 during mid-day trading on Wednesday, reaching $51.29. The company had a trading volume of 344,809 shares, compared to its average volume of 249,016. The stock has a fifty day moving average of $56.57 and a two-hundred day moving average of $77.15. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 6.15 and a beta of 1.93. LGI Homes, Inc. has a 12-month low of $47.79 and a 12-month high of $125.83.

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

Analyst Ratings Changes

Separately, JMP Securities restated a "market outperform" rating and issued a $140.00 target price on shares of LGI Homes in a report on Wednesday, April 30th.

Insider Transactions at LGI Homes

In related news, COO Michael Larry Snider sold 1,105 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $75.94, for a total value of $83,913.70. Following the completion of the sale, the chief operating officer now owns 27,102 shares of the company's stock, valued at approximately $2,058,125.88. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 12.30% of the stock is currently owned by company insiders.

LGI Homes 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.