LGI Homes, Inc. (NASDAQ:LGIH) Shares Bought by CDAM UK Ltd

CDAM UK Ltd increased its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 733,943 shares of the financial services provider’s stock after purchasing an additional 19,048 shares during the quarter. LGI Homes comprises approximately 9.8% of CDAM UK Ltd’s portfolio, making the stock its 6th biggest holding. CDAM UK Ltd’s holdings in LGI Homes were worth $65,615,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in LGI Homes by 131.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider’s stock worth $13,222,000 after acquiring an additional 63,346 shares during the period. River Road Asset Management LLC increased its position 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 period. Sanctuary Advisors LLC acquired a new position in LGI Homes in the third quarter valued at about $334,000. Proficio Capital Partners LLC bought a new stake in LGI Homes during the fourth quarter worth about $1,934,000. Finally, Charles Schwab Investment Management Inc. grew its stake in LGI Homes by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 376,793 shares of the financial services provider’s stock worth $33,685,000 after buying an additional 27,652 shares in the last quarter. Institutional investors own 84.89% of the company’s stock.

Insider Activity at LGI Homes

In related news, COO Michael Larry Snider sold 1,105 shares of the firm’s 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.30% of the stock is owned by company insiders.

LGI Homes Stock Up 5.6 %

Shares of LGIH opened at $64.61 on Friday. 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 52 week low of $58.71 and a 52 week high of $125.83. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 7.75 and a beta of 2.13. The stock has a fifty day moving average of $77.17 and a 200-day moving average of $94.17.

LGI Homes (NASDAQ:LGIH) last posted its earnings results 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). The firm had revenue of $557.40 million during the quarter, compared to the consensus estimate of $588.56 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. LGI Homes’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.19 earnings per share. As a group, sell-side analysts anticipate that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LGIH has been the subject of a number of recent analyst reports. Seaport Res Ptn raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. decreased their target price on 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 issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $118.33.

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.