LGI Homes Inc (LGIH) Holdings Trimmed by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its holdings in LGI Homes Inc (NASDAQ:LGIH) by 8.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,795 shares of the financial services provider’s stock after selling 16,153 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.76% of LGI Homes worth $8,197,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its stake in LGI Homes by 4.4% in the 3rd quarter. BlackRock Inc. now owns 2,839,434 shares of the financial services provider’s stock worth $134,703,000 after purchasing an additional 119,807 shares during the period. FMR LLC boosted its stake in LGI Homes by 52.0% in the 3rd quarter. FMR LLC now owns 1,690,144 shares of the financial services provider’s stock worth $80,181,000 after purchasing an additional 577,909 shares during the period. Epoch Investment Partners Inc. boosted its stake in LGI Homes by 17.6% in the 3rd quarter. Epoch Investment Partners Inc. now owns 1,478,686 shares of the financial services provider’s stock worth $70,149,000 after purchasing an additional 221,250 shares during the period. Frontier Capital Management Co. LLC boosted its stake in LGI Homes by 104.0% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,243,244 shares of the financial services provider’s stock worth $58,979,000 after purchasing an additional 633,714 shares during the period. Finally, Wasatch Advisors Inc. boosted its stake in LGI Homes by 2.6% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,166,621 shares of the financial services provider’s stock worth $55,345,000 after purchasing an additional 29,822 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

NASDAQ LGIH opened at $46.16 on Friday. The company has a quick ratio of 1.21, a current ratio of 13.89 and a debt-to-equity ratio of 1.02. The company has a market cap of $1.06 billion, a PE ratio of 9.76, a PEG ratio of 0.69 and a beta of 0.25. LGI Homes Inc has a one year low of $37.16 and a one year high of $81.88.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, November 6th. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $380.37 million during the quarter, compared to the consensus estimate of $378.96 million. LGI Homes had a return on equity of 27.08% and a net margin of 9.99%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. On average, sell-side analysts expect that LGI Homes Inc will post 6.17 EPS for the current year.

Several research firms have weighed in on LGIH. BidaskClub upgraded LGI Homes from a “strong sell” rating to a “sell” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded LGI Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. ValuEngine upgraded LGI Homes from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Wells Fargo & Co dropped their price target on LGI Homes from $63.00 to $44.00 and set an “average” rating for the company in a research note on Wednesday, November 7th. Finally, Wedbush set a $55.00 price target on LGI Homes and gave the stock a “hold” rating in a research note on Thursday, October 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $56.70.

In other news, Director Ryan Edone bought 1,000 shares of the stock in a transaction dated Tuesday, November 13th. The stock was purchased at an average cost of $41.12 per share, for a total transaction of $41,120.00. Following the transaction, the director now owns 23,982 shares of the company’s stock, valued at $986,139.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 13.60% of the stock is currently owned by corporate insiders.

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LGI Homes Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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