Squarepoint Ops LLC Takes $3.23 Million Position in LGI Homes, Inc. (NASDAQ:LGIH)

Squarepoint Ops LLC acquired a new stake in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 36,093 shares of the financial services provider's stock, valued at approximately $3,227,000. Squarepoint Ops LLC owned about 0.15% of LGI Homes as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Summit Investment Advisors Inc. boosted its stake in LGI Homes by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider's stock worth $195,000 after acquiring an additional 141 shares in the last quarter. Mariner LLC boosted its stake in LGI Homes by 3.2% during the fourth quarter. Mariner LLC now owns 4,581 shares of the financial services provider's stock worth $410,000 after acquiring an additional 143 shares in the last quarter. Blue Trust Inc. boosted its stake in LGI Homes by 112.9% during the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider's stock worth $31,000 after acquiring an additional 184 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in LGI Homes by 10.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock worth $198,000 after acquiring an additional 212 shares in the last quarter. Finally, KBC Group NV boosted its stake in LGI Homes by 51.6% during the fourth quarter. KBC Group NV now owns 1,110 shares of the financial services provider's stock worth $99,000 after acquiring an additional 378 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Stock Down 1.1%

NASDAQ LGIH traded down $0.54 on Friday, hitting $50.16. 291,474 shares of the company were exchanged, 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 fifty day moving average of $57.67 and a 200-day moving average of $78.10. LGI Homes, Inc. has a 12 month low of $49.78 and a 12 month high of $125.83. The company has a market cap of $1.17 billion, a PE ratio of 6.01 and a beta of 1.93.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released 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 business had revenue of $351.42 million for the quarter, compared to analyst estimates of $380.07 million. During the same quarter in the previous year, the company posted $0.72 EPS. The business's quarterly revenue was down 10.1% on a year-over-year basis. As a group, analysts forecast that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Insiders Place Their Bets

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $75.94, for a total transaction of $83,913.70. Following the transaction, the chief operating officer now owns 27,102 shares in the company, valued at approximately $2,058,125.88. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.30% of the company's stock.

Analysts Set New Price Targets

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

About LGI Homes

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.