Deutsche Bank AG Sells 4,612 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Deutsche Bank AG trimmed its stake in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,891 shares of the financial services provider's stock after selling 4,612 shares during the quarter. Deutsche Bank AG owned approximately 0.21% of LGI Homes worth $4,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Cornerstone Select Advisors LLC bought a new position in LGI Homes in the fourth quarter valued at approximately $271,000. Bayesian Capital Management LP bought a new position in LGI Homes in the fourth quarter valued at approximately $491,000. Freestone Grove Partners LP bought a new position in LGI Homes in the fourth quarter valued at approximately $443,000. Northern Trust Corp grew its stake in LGI Homes by 11.5% in the fourth quarter. Northern Trust Corp now owns 219,547 shares of the financial services provider's stock valued at $19,628,000 after purchasing an additional 22,615 shares in the last quarter. Finally, Two Sigma Securities LLC grew its stake in LGI Homes by 51.3% in the fourth quarter. Two Sigma Securities LLC now owns 4,108 shares of the financial services provider's stock valued at $367,000 after purchasing an additional 1,392 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LGIH has been the subject of a number of analyst reports. JMP Securities restated a "market outperform" rating and issued a $140.00 price target on shares of LGI Homes in a research note on Wednesday, April 30th. Seaport Res Ptn raised LGI Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th.

LGI Homes Stock Performance

Shares of LGIH traded down $0.18 during mid-day trading on Friday, reaching $51.50. The company's stock had a trading volume of 243,990 shares, compared to its average volume of 247,627. LGI Homes, Inc. has a 1-year low of $50.49 and a 1-year high of $125.83. The stock has a market cap of $1.21 billion, a P/E ratio of 6.18 and a beta of 1.93. The business has a 50-day simple moving average of $59.72 and a two-hundred day simple moving average of $79.83. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings data 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). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $351.42 million during the quarter, compared to analyst estimates of $380.07 million. During the same period in the previous year, the business earned $0.72 earnings per share. The business's quarterly revenue was down 10.1% on a year-over-year basis. As a group, equities research analysts anticipate that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction of $83,913.70. Following the completion of the sale, the chief operating officer now directly owns 27,102 shares of the company's stock, valued at approximately $2,058,125.88. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.30% of the company's stock.

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.