3,684 Shares in LGI Homes, Inc. (NASDAQ:LGIH) Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC bought a new position in shares of LGI Homes, Inc. (NASDAQ:LGIH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,684 shares of the financial services provider’s stock, valued at approximately $329,000.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of LGI Homes by 112.9% during the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of LGI Homes by 801.5% during the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 545 shares in the last quarter. KBC Group NV grew its position in shares of LGI Homes by 51.6% during the fourth quarter. KBC Group NV now owns 1,110 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 378 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of LGI Homes by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 141 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of LGI Homes by 10.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

Insider Transactions at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $75.94, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.30% of the company’s stock.

LGI Homes Stock Performance

NASDAQ LGIH opened at $58.19 on Monday. The stock has a market capitalization of $1.36 billion, a PE ratio of 6.98 and a beta of 1.93. The business has a 50 day simple moving average of $61.57 and a two-hundred day simple moving average of $81.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. LGI Homes, Inc. has a 1-year low of $52.48 and a 1-year high of $125.83.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.29). The company had revenue of $351.42 million during the quarter, compared to the consensus estimate of $380.07 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 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. On average, research analysts predict that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of LGI Homes in a report on Wednesday, April 30th.

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.