Frontier Capital Management Co. LLC Has $46.14 Million Stake in LGI Homes, Inc. (NASDAQ:LGIH)

Frontier Capital Management Co. LLC reduced its holdings in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 26.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 516,107 shares of the financial services provider's stock after selling 180,929 shares during the quarter. Frontier Capital Management Co. LLC owned 2.20% of LGI Homes worth $46,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in LGI Homes by 131.4% during the third quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider's stock valued at $13,222,000 after purchasing an additional 63,346 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of LGI Homes by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider's stock valued at $203,377,000 after purchasing an additional 54,039 shares in the last quarter. River Road Asset Management LLC boosted its holdings in shares of LGI Homes by 30.6% in the 4th quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider's stock valued at $81,168,000 after purchasing an additional 212,468 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of LGI Homes during the 4th quarter valued at $15,507,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of LGI Homes during the 4th quarter valued at $1,934,000. 84.89% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at LGI Homes

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

Analyst Ratings Changes

Several brokerages have commented on LGIH. JPMorgan Chase & Co. cut their target price on LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. JMP Securities reaffirmed a "market outperform" rating and set a $140.00 target price on shares of LGI Homes in a report on Wednesday, April 30th. Finally, Seaport Res Ptn raised LGI Homes from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th.

LGI Homes Trading Up 0.9%

Shares of LGIH stock traded up $0.56 during mid-day trading on Tuesday, hitting $60.25. The company's stock had a trading volume of 251,360 shares, compared to its average volume of 241,558. The company's fifty day simple moving average is $62.94 and its 200-day simple moving average is $82.96. LGI Homes, Inc. has a 52 week low of $52.48 and a 52 week high of $125.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The company has a market cap of $1.41 billion, a PE ratio of 7.22 and a beta of 1.93.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $380.07 million. During the same period last year, the business posted $0.72 earnings per share. The business's revenue was down 10.1% on a year-over-year basis. As a group, equities research analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

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.