OneDigital Investment Advisors LLC Decreases Stock Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

OneDigital Investment Advisors LLC lowered its stake in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 51.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,930 shares of the financial services provider's stock after selling 45,362 shares during the quarter. OneDigital Investment Advisors LLC owned 0.18% of LGI Homes worth $3,838,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. River Road Asset Management LLC raised its holdings in shares of LGI Homes by 30.6% during the fourth quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider's stock valued at $81,168,000 after acquiring an additional 212,468 shares in the last quarter. Raymond James Financial Inc. purchased a new position in LGI Homes during the 4th quarter valued at $15,507,000. JPMorgan Chase & Co. raised its holdings in LGI Homes by 131.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider's stock worth $13,222,000 after purchasing an additional 63,346 shares in the last quarter. Vanguard Group Inc. lifted its position 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 worth $203,377,000 after purchasing an additional 54,039 shares during the period. Finally, Norges Bank bought a new stake in shares of LGI Homes during the 4th quarter valued at about $3,485,000. Hedge funds and other institutional investors own 84.89% of the company's stock.

Insiders Place Their Bets

In other news, COO Michael Larry Snider sold 1,105 shares of the business's stock in a transaction on 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 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.30% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on LGIH shares. Seaport Res Ptn upgraded shares of LGI Homes from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. JMP Securities restated a "market outperform" rating and issued a $160.00 target price on shares of LGI Homes in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their price target on LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. Finally, Wedbush reissued a "neutral" rating and set a $115.00 price objective (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, LGI Homes currently has a consensus rating of "Hold" and a consensus price target of $118.33.

LGI Homes Stock Down 1.1 %

Shares of LGIH traded down $0.66 during mid-day trading on Monday, reaching $58.79. The company had a trading volume of 81,218 shares, compared to its average volume of 237,253. LGI Homes, Inc. has a 52 week low of $53.13 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 capitalization of $1.38 billion, a price-to-earnings ratio of 7.03 and a beta of 1.99. The firm has a 50-day moving average price of $67.33 and a 200 day moving average price of $87.15.

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

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.