Schonfeld Strategic Advisors LLC trimmed its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 84.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,635 shares of the financial services provider's stock after selling 59,137 shares during the period. Schonfeld Strategic Advisors LLC's holdings in LGI Homes were worth $951,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of LGIH. Vanguard Group Inc. lifted its stake in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of LGI Homes by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider's stock worth $134,491,000 after purchasing an additional 6,706 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of LGI Homes by 2.7% during the fourth quarter. Wasatch Advisors LP now owns 1,395,710 shares of the financial services provider's stock worth $124,776,000 after purchasing an additional 36,608 shares in the last quarter. Khrom Capital Management LLC grew its stake in shares of LGI Homes by 19.4% during the fourth quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock worth $97,965,000 after purchasing an additional 177,698 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake 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 worth $81,168,000 after purchasing an additional 212,468 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on LGIH shares. JMP Securities reiterated a "market outperform" rating and set a $140.00 target price on shares of LGI Homes in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on shares of LGI Homes from $82.00 to $80.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded shares of LGI Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th.
Check Out Our Latest Analysis on LGI Homes
LGI Homes Stock Performance
NASDAQ LGIH traded up $0.01 during trading hours on Tuesday, hitting $59.70. The company had a trading volume of 319,063 shares, compared to its average volume of 241,909. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. LGI Homes, Inc. has a 1-year low of $52.48 and a 1-year high of $125.83. The company has a market cap of $1.40 billion, a PE ratio of 7.16 and a beta of 1.93. The business has a 50 day moving average of $62.94 and a 200-day moving average of $82.96.
LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 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 analyst estimates of $380.07 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company's revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, equities research analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current year.
Insider Buying and Selling
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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.30% of the stock is currently owned by corporate insiders.
LGI Homes Company Profile
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Free Report)
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.
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