UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,345 shares of the financial services provider's stock after acquiring an additional 7,508 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of LGI Homes worth $3,964,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased 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 valued at $31,000 after purchasing an additional 184 shares in the last quarter. Sterling Capital Management LLC boosted its position in LGI Homes by 801.5% during the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock worth $55,000 after purchasing an additional 545 shares in the last quarter. KBC Group NV grew its holdings 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 purchasing an additional 378 shares during the last quarter. 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 valued at $195,000 after buying an additional 141 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of LGI Homes by 10.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock valued at $198,000 after buying an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company's stock.

Insider Activity at LGI Homes

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $75.94, for a total transaction of $83,913.70. Following the sale, the chief operating officer now directly owns 27,102 shares of the company's stock, valued at $2,058,125.88. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on LGIH shares. Wedbush decreased their price objective on shares of LGI Homes from $100.00 to $93.00 and set a "neutral" rating on the stock in a research report on Thursday. JMP Securities restated a "market outperform" rating and set a $140.00 target price on shares of LGI Homes in a research report on Wednesday, April 30th.

LGI Homes Price Performance

NASDAQ:LGIH traded down $0.73 during trading hours on Friday, reaching $48.96. 348,709 shares of the company traded hands, compared to its average volume of 250,608. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The firm's 50-day moving average is $55.89 and its 200-day moving average is $76.08. The stock has a market cap of $1.15 billion, a P/E ratio of 5.87 and a beta of 1.77. LGI Homes, Inc. has a 1-year low of $47.79 and a 1-year 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 (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 analysts' expectations of $380.07 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm's revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. Equities research analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

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.