Khrom Capital Management LLC Boosts Stake in LGI Homes, Inc. (NASDAQ:LGIH)

Khrom Capital Management LLC increased its position in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,095,801 shares of the financial services provider's stock after buying an additional 177,698 shares during the quarter. LGI Homes accounts for 11.1% of Khrom Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Khrom Capital Management LLC owned approximately 4.66% of LGI Homes worth $97,965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of LGI Homes by 10.6% during the 4th 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 during the period. MetLife Investment Management LLC lifted its stake in LGI Homes by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 12,757 shares of the financial services provider's stock worth $1,140,000 after purchasing an additional 701 shares during the period. Natixis boosted its holdings in LGI Homes by 163.8% during the fourth quarter. Natixis now owns 11,208 shares of the financial services provider's stock valued at $1,002,000 after purchasing an additional 6,960 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in LGI Homes by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider's stock valued at $134,491,000 after purchasing an additional 6,706 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of LGI Homes by 1.9% in the 4th quarter. Marshall Wace LLP now owns 152,355 shares of the financial services provider's stock valued at $13,621,000 after purchasing an additional 2,793 shares during the period. 84.89% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the business's stock in a transaction dated Monday, March 10th. The stock was 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 of the company's stock, valued at approximately $2,058,125.88. The trade was a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 12.30% of the company's stock.

LGI Homes Price Performance

Shares of LGI Homes stock traded down $0.78 during trading on Friday, reaching $59.45. The company's stock had a trading volume of 191,901 shares, compared to its average volume of 237,829. The stock has a 50-day moving average price of $67.33 and a two-hundred day moving average price of $87.31. The stock has a market capitalization of $1.39 billion, a P/E ratio of 7.13 and a beta of 1.99. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. LGI Homes, Inc. has a one year low of $53.13 and a one year high of $125.83.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.31 by ($0.16). LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $557.40 million for the quarter, compared to analyst estimates of $588.56 million. During the same quarter in the previous year, the company posted $2.19 earnings per share. LGI Homes's revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LGIH. JMP Securities reiterated a "market outperform" rating and issued a $160.00 price target on shares of LGI Homes in a research report on Friday, January 10th. Wedbush reiterated a "neutral" rating and set a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Seaport Res Ptn upgraded shares of LGI Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of LGI Homes from $82.00 to $80.00 and set an "underweight" rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $118.33.

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.