Fragasso Financial Advisors Inc decreased its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 88.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,088 shares of the financial services provider's stock after selling 24,694 shares during the quarter. Fragasso Financial Advisors Inc's holdings in LGI Homes were worth $205,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Summit Investment Advisors Inc. lifted its position in LGI Homes by 6.9% during the 4th 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. Mariner LLC increased its holdings in LGI Homes by 3.2% during the fourth quarter. Mariner LLC now owns 4,581 shares of the financial services provider's stock worth $410,000 after buying an additional 143 shares during the last quarter. Blue Trust Inc. increased its holdings in LGI Homes by 112.9% during the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider's stock worth $31,000 after buying an additional 184 shares during the last quarter. Tower Research Capital LLC TRC raised its position in LGI Homes by 10.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock worth $198,000 after acquiring an additional 212 shares in the last quarter. Finally, KBC Group NV lifted its stake in LGI Homes by 51.6% in the fourth 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 during the last quarter. Institutional investors own 84.89% of the company's stock.
LGI Homes Stock Performance
Shares of LGIH stock traded down $0.73 during trading on Friday, reaching $48.96. 348,709 shares of the company's stock were exchanged, compared to its average volume of 250,161. LGI Homes, Inc. has a twelve month low of $47.79 and a twelve month high of $125.83. The firm's fifty day moving average price is $55.89 and its 200-day moving average price is $76.44. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.15 billion, a PE ratio of 5.87 and a beta of 1.77.
LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.29). The company had revenue of $351.42 million during the quarter, compared to analyst estimates of $380.07 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. LGI Homes's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, sell-side analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Wedbush decreased their price objective on shares of LGI Homes from $100.00 to $93.00 and set a "neutral" rating for the company in a research report on Thursday. JMP Securities reiterated a "market outperform" rating and issued a $140.00 target price on shares of LGI Homes in a research note on Wednesday, April 30th.
Get Our Latest Stock Report on LGIH
Insider Activity at LGI Homes
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. 12.30% of the stock is owned by company insiders.
About LGI Homes
(
Free Report)
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.
Recommended Stories
Before you consider LGI Homes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LGI Homes wasn't on the list.
While LGI Homes currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
