Nuveen Asset Management LLC Sells 6,880 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Nuveen Asset Management LLC trimmed its holdings in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,038 shares of the financial services provider's stock after selling 6,880 shares during the period. Nuveen Asset Management LLC owned about 0.22% of LGI Homes worth $4,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of LGI Homes by 112.9% in the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider's stock valued at $31,000 after buying an additional 184 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of LGI Homes by 801.5% in the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock valued at $55,000 after buying an additional 545 shares in the last quarter. KBC Group NV lifted its stake in shares of 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 buying an additional 378 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake 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 lifted its stake 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. 84.89% of the stock is owned by institutional investors.

LGI Homes Price Performance

LGIH stock traded down $1.55 during midday trading on Monday, reaching $48.55. The company had a trading volume of 371,912 shares, compared to its average volume of 248,175. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. LGI Homes, Inc. has a 1 year low of $47.81 and a 1 year high of $125.83. The company has a market capitalization of $1.14 billion, a P/E ratio of 5.82 and a beta of 1.93. The firm has a 50-day moving average price of $57.67 and a 200-day moving average price of $77.91.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.29). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm had revenue of $351.42 million for the quarter, compared to the consensus estimate of $380.07 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The company's quarterly revenue was down 10.1% compared to the same quarter last year. On average, research analysts anticipate that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

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 completion of the sale, the chief operating officer now directly owns 27,102 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.30% of the company's stock.

LGI Homes Company 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.