Gilder Gagnon Howe & Co. LLC Sells 6,086 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Gilder Gagnon Howe & Co. LLC cut its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,432 shares of the financial services provider's stock after selling 6,086 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.92% of LGI Homes worth $19,260,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Two Sigma Securities LLC raised its stake in shares of LGI Homes by 51.3% during the fourth quarter. Two Sigma Securities LLC now owns 4,108 shares of the financial services provider's stock valued at $367,000 after acquiring an additional 1,392 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in LGI Homes by 9.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,527 shares of the financial services provider's stock worth $1,389,000 after buying an additional 1,390 shares during the period. Khrom Capital Management LLC grew its position in shares of LGI Homes by 19.4% in the 4th quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock valued at $97,965,000 after buying an additional 177,698 shares during the last quarter. Tower Research Capital LLC TRC increased 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 during the period. Finally, MetLife Investment Management LLC raised its position in shares of 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 acquiring an additional 701 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company's stock.

Insider Transactions at LGI Homes

In related news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction 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. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 12.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on LGIH shares. JMP Securities reiterated a "market outperform" rating and set a $140.00 price target on shares of LGI Homes in a report on Wednesday. Seaport Res Ptn upgraded shares of LGI Homes from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Wedbush reaffirmed a "neutral" rating and set a $115.00 price objective (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their target price on LGI Homes from $82.00 to $80.00 and set an "underweight" rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $111.67.

LGI Homes Price Performance

Shares of LGIH stock traded down $0.79 during trading hours on Thursday, reaching $53.82. The stock had a trading volume of 99,115 shares, compared to its average volume of 238,622. The stock's fifty day simple moving average is $65.91 and its 200 day simple moving average is $86.34. The firm has a market capitalization of $1.26 billion, a PE ratio of 6.47 and a beta of 1.99. LGI Homes, Inc. has a 12 month low of $52.48 and a 12 month high of $125.83. 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 (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.29). The firm had revenue of $351.42 million for the quarter, compared to analysts' expectations of $380.07 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. On average, equities research analysts predict that LGI Homes, Inc. will post 8.46 EPS for the current 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.