iSAM Funds UK Ltd Makes New $405,000 Investment in LGI Homes, Inc. (NASDAQ:LGIH)

iSAM Funds UK Ltd acquired a new stake in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,531 shares of the financial services provider's stock, valued at approximately $405,000.

Several other institutional investors have also added to or reduced their stakes in the business. River Road Asset Management LLC raised its holdings in LGI Homes by 30.6% in the 4th quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider's stock worth $81,168,000 after purchasing an additional 212,468 shares during the period. Khrom Capital Management LLC increased its position in LGI Homes by 19.4% in the fourth quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock worth $97,965,000 after buying an additional 177,698 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of LGI Homes in the fourth quarter worth about $15,507,000. Millennium Management LLC lifted its position in shares of LGI Homes by 96.5% during the 4th quarter. Millennium Management LLC now owns 115,406 shares of the financial services provider's stock valued at $10,317,000 after buying an additional 56,664 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of LGI Homes by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider's stock valued at $203,377,000 after acquiring an additional 54,039 shares during the period. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

LGI Homes Price Performance

LGIH traded down $0.18 during trading hours on Monday, hitting $51.50. The company's stock had a trading volume of 243,990 shares, compared to its average volume of 247,627. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 6.18 and a beta of 1.93. The business's 50-day moving average price is $59.72 and its 200-day moving average price is $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, Inc. has a 12 month low of $50.49 and a 12 month high of $125.83.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share 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 period in the previous year, the firm earned $0.72 earnings per share. The company's revenue was down 10.1% compared to the same quarter last year. Sell-side analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction dated 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 directly owns 27,102 shares in the company, valued at $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 SEC, which is available through the SEC website. 12.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LGIH shares. JMP Securities reaffirmed a "market outperform" rating and set a $140.00 price target on shares of LGI Homes in a report on Wednesday, April 30th. Seaport Res Ptn upgraded LGI Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th.

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.