Knights of Columbus Asset Advisors LLC Buys 17,811 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Knights of Columbus Asset Advisors LLC raised its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 102.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,149 shares of the financial services provider's stock after buying an additional 17,811 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.15% of LGI Homes worth $4,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LGIH. Goldman Sachs Group Inc. grew its holdings in LGI Homes by 51.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 563,123 shares of the financial services provider's stock valued at $75,960,000 after buying an additional 190,075 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of LGI Homes by 173.6% during the 1st quarter. Bank of America Corp DE now owns 167,427 shares of the financial services provider's stock worth $19,092,000 after purchasing an additional 106,232 shares in the last quarter. Barclays PLC grew its holdings in shares of LGI Homes by 213.0% during the 3rd quarter. Barclays PLC now owns 125,904 shares of the financial services provider's stock worth $12,525,000 after purchasing an additional 85,682 shares in the last quarter. Liontrust Investment Partners LLP grew its holdings in shares of LGI Homes by 61.4% during the 3rd quarter. Liontrust Investment Partners LLP now owns 218,912 shares of the financial services provider's stock worth $21,780,000 after purchasing an additional 83,237 shares in the last quarter. Finally, Ampfield Management L.P. grew its holdings in shares of LGI Homes by 13.0% during the 4th quarter. Ampfield Management L.P. now owns 571,857 shares of the financial services provider's stock worth $76,148,000 after purchasing an additional 65,609 shares in the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LGI Homes

In other LGI Homes news, CFO Charles Michael Merdian sold 6,361 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $712,113.95. Following the completion of the transaction, the chief financial officer now directly owns 9,458 shares in the company, valued at $1,058,823.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other LGI Homes news, CFO Charles Michael Merdian sold 6,361 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $712,113.95. Following the completion of the transaction, the chief financial officer now directly owns 9,458 shares in the company, valued at $1,058,823.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Larry Snider sold 7,993 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $110.06, for a total value of $879,709.58. Following the transaction, the chief operating officer now owns 19,016 shares of the company's stock, valued at $2,092,900.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,435 shares of company stock worth $2,944,291. 12.40% of the stock is currently owned by insiders.

LGI Homes Price Performance

NASDAQ:LGIH traded down $0.05 during trading hours on Friday, hitting $93.38. The company's stock had a trading volume of 295,707 shares, compared to its average volume of 223,611. The stock has a fifty day simple moving average of $110.44 and a 200-day simple moving average of $113.59. The company has a market capitalization of $2.20 billion, a P/E ratio of 11.09 and a beta of 1.83. The company has a debt-to-equity ratio of 0.67, a current ratio of 10.66 and a quick ratio of 0.42. LGI Homes, Inc. has a twelve month low of $84.15 and a twelve month high of $141.91.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its earnings results on Tuesday, February 20th. The financial services provider reported $2.19 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.35). The firm had revenue of $608.41 million during the quarter, compared to the consensus estimate of $663.95 million. LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. LGI Homes's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. On average, analysts anticipate that LGI Homes, Inc. will post 9.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LGIH has been the topic of several analyst reports. JMP Securities reissued a "market outperform" rating and set a $160.00 target price on shares of LGI Homes in a report on Friday, April 5th. StockNews.com lowered LGI Homes from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Wedbush reissued an "underperform" rating and set a $74.00 target price (down from $88.00) on shares of LGI Homes in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, LGI Homes presently has a consensus rating of "Hold" and an average target price of $110.50.

About LGI Homes

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.