Natixis Purchases 6,960 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Natixis grew its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 163.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,208 shares of the financial services provider's stock after buying an additional 6,960 shares during the quarter. Natixis' holdings in LGI Homes were worth $1,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LGIH. Vanguard Group Inc. raised its holdings in LGI Homes by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider's stock valued at $203,377,000 after buying an additional 54,039 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 acquiring an additional 6,706 shares during the last quarter. Wasatch Advisors LP boosted its holdings 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 during the period. River Road Asset Management LLC grew its stake in shares of LGI Homes by 30.6% in 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 during the last quarter. Finally, CDAM UK Ltd increased its holdings in LGI Homes by 2.7% during the 4th quarter. CDAM UK Ltd now owns 733,943 shares of the financial services provider's stock valued at $65,615,000 after purchasing an additional 19,048 shares during the period. Institutional investors own 84.89% of the company's stock.

Insider Transactions at LGI Homes

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction 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 owns 27,102 shares in the company, valued at approximately $2,058,125.88. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.30% of the company's stock.

LGI Homes Stock Down 5.2 %

LGIH traded down $3.09 during trading on Tuesday, reaching $56.17. The stock had a trading volume of 99,722 shares, compared to its average volume of 237,443. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 6.73 and a beta of 1.99. The stock's 50 day moving average is $66.89 and its two-hundred day moving average is $86.78. 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 issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.58). The business had revenue of $351.42 million during the quarter, compared to the consensus estimate of $380.07 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm's revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. As a group, analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Analysts Set New Price Targets

LGIH has been the subject of several research analyst reports. Seaport Res Ptn upgraded LGI Homes from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. JMP Securities reissued a "market outperform" rating and set a $160.00 price objective on shares of LGI Homes in a research report on Friday, January 10th. Wedbush reaffirmed a "neutral" rating and issued a $115.00 target price (down from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. Two investment 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. Based on data from MarketBeat, LGI Homes currently has a consensus rating of "Hold" and a consensus price target of $118.33.

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.