LGI Homes, Inc. (NASDAQ:LGIH) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd lessened its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 99.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,630 shares of the financial services provider’s stock after selling 872,700 shares during the quarter. Altshuler Shaham Ltd’s holdings in LGI Homes were worth $1,016,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of LGI Homes during the 4th quarter worth $38,000. First Horizon Advisors Inc. increased its holdings in LGI Homes by 35.8% in the 4th quarter. First Horizon Advisors Inc. now owns 353 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 93 shares during the last quarter. RiverPark Advisors LLC purchased a new position in shares of LGI Homes during the third quarter worth $49,000. International Assets Investment Management LLC acquired a new position in LGI Homes in the 4th quarter valued at about $71,000. Finally, Financial Management Professionals Inc. lifted its holdings in LGI Homes by 27.3% during the 4th quarter. Financial Management Professionals Inc. now owns 537 shares of the financial services provider’s stock worth $72,000 after buying an additional 115 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Stock Up 1.4 %

NASDAQ LGIH traded up $1.40 during trading hours on Thursday, hitting $99.42. The company had a trading volume of 153,916 shares, compared to its average volume of 207,436. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 12.25 and a beta of 1.86. LGI Homes, Inc. has a fifty-two week low of $84.15 and a fifty-two week high of $141.91. The firm’s 50 day moving average is $104.02 and its 200 day moving average is $113.69. The company has a debt-to-equity ratio of 0.74, a current ratio of 12.36 and a quick ratio of 0.43.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.30). LGI Homes had a net margin of 8.37% and a return on equity of 10.43%. The firm had revenue of $390.90 million for the quarter, compared to analyst estimates of $400.00 million. During the same quarter in the previous year, the company earned $1.14 EPS. The company’s quarterly revenue was down 19.8% compared to the same quarter last year. Sell-side analysts anticipate that LGI Homes, Inc. will post 9.25 earnings per share for the current fiscal year.

Insider Buying and Selling at LGI Homes

In related news, CFO Charles Michael Merdian sold 6,361 shares of LGI Homes stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.95, for a total transaction of $712,113.95. Following the sale, the chief financial officer now directly owns 9,458 shares in the company, valued at $1,058,823.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Charles Michael Merdian sold 6,361 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.95, for a total transaction of $712,113.95. Following the completion of the transaction, the chief financial officer now owns 9,458 shares in the company, valued at approximately $1,058,823.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Eric Thomas Lipar sold 10,869 shares of LGI Homes stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $111.95, for a total transaction of $1,216,784.55. Following the completion of the transaction, the chief executive officer now owns 627,430 shares in the company, valued at approximately $70,240,788.50. The disclosure for this sale can be found here. Insiders sold 26,435 shares of company stock valued at $2,944,291 in the last ninety days. Company insiders own 12.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $160.00 price objective on shares of LGI Homes in a research note on Friday, April 5th. StockNews.com lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, Wedbush reiterated an “underperform” rating and set a $74.00 price target (down previously from $88.00) on shares of LGI Homes in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $110.50.

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.