Two Sigma Investments LP Sells 9,655 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Two Sigma Investments LP reduced its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,950 shares of the financial services provider's stock after selling 9,655 shares during the period. Two Sigma Investments LP owned about 0.27% of LGI Homes worth $5,628,000 as of its most recent SEC filing.

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

LGI Homes Stock Down 1.1%

NASDAQ LGIH traded down $0.54 during trading on Friday, reaching $50.16. The company's stock had a trading volume of 291,474 shares, compared to its average volume of 247,678. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.17 billion, a PE ratio of 6.01 and a beta of 1.93. The business has a 50-day moving average price of $57.67 and a 200-day moving average price of $78.10. LGI Homes, Inc. has a 1-year low of $49.78 and a 1-year high of $125.83.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted 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 business 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 was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. On average, research analysts forecast that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Insider Transactions at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of the company'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 sale, the chief operating officer now owns 27,102 shares of the company's stock, valued at approximately $2,058,125.88. This represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a "market outperform" rating and set a $140.00 price objective on shares of LGI Homes in a research report on Wednesday, April 30th.

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.