English Capital Management LLC Buys 2,224 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

English Capital Management LLC lifted its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 6.6% in the 4th quarter, HoldingsChannel reports. The firm owned 35,860 shares of the financial services provider’s stock after buying an additional 2,224 shares during the quarter. LGI Homes accounts for 2.4% of English Capital Management LLC’s portfolio, making the stock its 24th biggest position. English Capital Management LLC’s holdings in LGI Homes were worth $3,206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LGIH. KBC Group NV lifted its position in shares of LGI Homes by 29.8% in the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 168 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of LGI Homes in the 3rd quarter worth about $1,368,000. Intech Investment Management LLC grew its position in shares of LGI Homes by 113.9% in the 3rd quarter. Intech Investment Management LLC now owns 5,785 shares of the financial services provider’s stock worth $686,000 after buying an additional 3,080 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of LGI Homes by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 349,141 shares of the financial services provider’s stock worth $41,380,000 after buying an additional 24,555 shares during the period. Finally, Citigroup Inc. grew its position in shares of LGI Homes by 60.9% in the 3rd quarter. Citigroup Inc. now owns 41,797 shares of the financial services provider’s stock worth $4,954,000 after buying an additional 15,818 shares during the period. 84.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 target price on shares of LGI Homes in a research report on Friday, January 10th. Seaport Res Ptn raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. reduced their target price 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $118.33.

LGI Homes Price Performance

LGIH opened at $70.88 on Friday. The stock has a 50-day moving average price of $81.90 and a 200-day moving average price of $96.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The firm has a market cap of $1.66 billion, a PE ratio of 8.50 and a beta of 2.13. LGI Homes, Inc. has a 1 year low of $68.66 and a 1 year high of $125.83.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $2.15 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.16). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $557.40 million for the quarter, compared to analysts’ expectations of $588.56 million. During the same period last year, the business earned $2.19 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. Sell-side analysts predict that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Insider Activity at LGI Homes

In related news, COO Michael Larry Snider sold 1,105 shares of the 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 sale, the chief operating officer now directly owns 27,102 shares of the company’s stock, valued at $2,058,125.88. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.40% of the stock is currently owned by insiders.

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.