Squarepoint Ops LLC Purchases Shares of 36,093 LGI Homes, Inc. (NASDAQ:LGIH)

Squarepoint Ops LLC acquired a new position in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,093 shares of the financial services provider's stock, valued at approximately $3,227,000. Squarepoint Ops LLC owned 0.15% of LGI Homes at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. increased its position 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 during the period. Sterling Capital Management LLC increased its holdings in 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. KBC Group NV lifted its position in LGI Homes by 51.6% during the 4th quarter. KBC Group NV now owns 1,110 shares of the financial services provider's stock worth $99,000 after buying an additional 378 shares in the last quarter. Summit Investment Advisors Inc. raised 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 worth $195,000 after acquiring an additional 141 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings 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 purchasing an additional 212 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Michael Larry Snider sold 1,105 shares of the stock in a transaction that occurred on 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 directly owns 27,102 shares in the company, valued at $2,058,125.88. This trade represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.30% of the stock is currently owned by company insiders.

LGI Homes Trading Down 1.1%

Shares of NASDAQ LGIH traded down $0.56 during mid-day trading on Friday, hitting $50.14. The company's stock had a trading volume of 141,978 shares, compared to its average volume of 247,255. LGI Homes, Inc. has a one year low of $49.77 and a one year high of $125.83. The company's fifty day simple moving average is $58.08 and its 200-day simple moving average is $78.66. 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 stock has a market cap of $1.17 billion, a price-to-earnings ratio of 6.04 and a beta of 1.93.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings data 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). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $351.42 million during the quarter, compared to the consensus estimate of $380.07 million. During the same period in the previous year, the business posted $0.72 earnings per share. LGI Homes's revenue was down 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, JMP Securities reiterated a "market outperform" rating and issued 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.