Scout Investments Inc. Has $3.85 Million Stake in LGI Homes Inc (LGIH)

Scout Investments Inc. grew its stake in LGI Homes Inc (NASDAQ:LGIH) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,937 shares of the financial services provider’s stock after buying an additional 2,939 shares during the quarter. Scout Investments Inc. owned 0.28% of LGI Homes worth $3,852,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. raised its holdings in LGI Homes by 28.6% in the 4th quarter. First Mercantile Trust Co. now owns 3,407 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 757 shares during the period. Macquarie Group Ltd. raised its holdings in LGI Homes by 514.4% in the 4th quarter. Macquarie Group Ltd. now owns 3,883 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 3,251 shares during the period. Gotham Asset Management LLC purchased a new stake in LGI Homes during the 4th quarter worth approximately $210,000. 6 Meridian purchased a new stake in LGI Homes during the 1st quarter worth approximately $217,000. Finally, Camelot Portfolios LLC purchased a new stake in LGI Homes during the 4th quarter worth approximately $226,000. 94.56% of the stock is owned by institutional investors and hedge funds.

LGIH opened at $66.84 on Tuesday. LGI Homes Inc has a one year low of $37.16 and a one year high of $81.88. The company has a market capitalization of $1.52 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.88 and a beta of 0.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.61 and a current ratio of 15.92.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, February 26th. The financial services provider reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.03). LGI Homes had a net margin of 10.32% and a return on equity of 26.36%. The business had revenue of $425.20 million during the quarter, compared to analyst estimates of $429.46 million. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. As a group, analysts anticipate that LGI Homes Inc will post 6.93 EPS for the current year.

In other LGI Homes news, insider Michael Larry Snider sold 3,852 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $68.01, for a total transaction of $261,974.52. Following the transaction, the insider now directly owns 188,814 shares in the company, valued at $12,841,240.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jack Anthony Lipar sold 5,200 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $57.20, for a total value of $297,440.00. Following the transaction, the vice president now owns 80,327 shares in the company, valued at $4,594,704.40. The disclosure for this sale can be found here. Insiders sold 127,111 shares of company stock worth $7,323,237 over the last quarter. 13.40% of the stock is currently owned by insiders.

Several equities research analysts have commented on the company. BidaskClub upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. JMP Securities set a $79.00 price objective on LGI Homes and gave the stock a “buy” rating in a research note on Tuesday, April 9th. ValuEngine upgraded LGI Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, Wells Fargo & Co upped their price target on LGI Homes from $58.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. LGI Homes presently has an average rating of “Buy” and an average price target of $64.90.

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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, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and 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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