Liontrust Investment Partners LLP Sells 11,256 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Key Points

• Liontrust Investment Partners LLP has significantly reduced its stake in LGI Homes by 60.3%, now holding 7,416 shares worth approximately $493,000.
• Other institutional investors have increased their stakes in LGI Homes, with Caitong International Asset Management boosting its ownership by 12,620% during the first quarter.
• LGI Homes' stock has a market capitalization of $1.51 billion and recently reported earnings of $1.36 per share, beating estimates but showing a 19.8% decline in revenue year-over-year.

Liontrust Investment Partners LLP decreased its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 60.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,416 shares of the financial services provider's stock after selling 11,256 shares during the period. Liontrust Investment Partners LLP's holdings in LGI Homes were worth $493,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LGIH. Caitong International Asset Management Co. Ltd boosted its stake in shares of LGI Homes by 12,620.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 631 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of LGI Homes by 801.5% during the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 545 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of LGI Homes by 219.1% during the 1st quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 609 shares in the last quarter. CWM LLC boosted its stake in shares of LGI Homes by 50.3% during the 1st quarter. CWM LLC now owns 1,178 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 394 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in LGI Homes by 111,600.0% during the first quarter. NBC Securities Inc. now owns 2,234 shares of the financial services provider's stock worth $148,000 after acquiring an additional 2,232 shares in the last quarter. Institutional investors own 84.89% of the company's stock.

LGI Homes Stock Up 0.8%

LGIH opened at $65.53 on Friday. The company has a quick ratio of 0.64, a current ratio of 18.18 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average price of $54.41 and a 200-day moving average price of $62.03. LGI Homes, Inc. has a twelve month low of $47.17 and a twelve month high of $125.83. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.88 and a beta of 1.69.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.15. LGI Homes had a net margin of 7.63% and a return on equity of 8.00%. The firm had revenue of $483.49 million during the quarter, compared to analysts' expectations of $546.96 million. During the same period in the previous year, the company earned $2.48 earnings per share. The firm's quarterly revenue was down 19.8% on a year-over-year basis. Equities research analysts forecast that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on LGIH. Citigroup reissued an "outperform" rating on shares of LGI Homes in a research note on Thursday, August 7th. JMP Securities dropped their price objective on shares of LGI Homes from $140.00 to $75.00 and set a "market outperform" rating on the stock in a research note on Thursday, August 7th. JPMorgan Chase & Co. dropped their price objective on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 9th. Finally, Wedbush reissued a "neutral" rating and set a $93.00 price objective on shares of LGI Homes in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, LGI Homes has an average rating of "Hold" and a consensus target price of $71.67.

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.

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