LGI Homes, Inc. (NASDAQ:LGIH) Stock Position Cut by UBS Group AG

UBS Group AG lessened its stake in LGI Homes, Inc. (NASDAQ:LGIH – Get Rating) by 31.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,990 shares of the financial services provider’s stock after selling 41,243 shares during the period. UBS Group AG owned 0.39% of LGI Homes worth $8,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in LGI Homes in the 4th quarter valued at about $26,000. Arcadia Investment Management Corp MI acquired a new stake in LGI Homes in the 4th quarter valued at about $66,000. Quadrant Capital Group LLC lifted its holdings in LGI Homes by 125.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 901 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 501 shares during the last quarter. Quantbot Technologies LP acquired a new stake in LGI Homes in the 3rd quarter valued at about $83,000. Finally, Covestor Ltd lifted its holdings in LGI Homes by 130.7% in the 1st quarter. Covestor Ltd now owns 1,029 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 583 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Eric Thomas Lipar sold 38,373 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $104.39, for a total value of $4,005,757.47. Following the transaction, the chief executive officer now owns 605,796 shares in the company, valued at $63,239,044.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Eric Thomas Lipar sold 38,373 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $104.39, for a total value of $4,005,757.47. Following the transaction, the chief executive officer now owns 605,796 shares in the company, valued at $63,239,044.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Michael Larry Snider sold 16,459 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $104.39, for a total value of $1,718,155.01. Following the completion of the transaction, the chief operating officer now owns 31,950 shares in the company, valued at approximately $3,335,260.50. The disclosure for this sale can be found here. Insiders have sold 86,210 shares of company stock worth $8,999,462 in the last 90 days. Company insiders own 12.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LGIH has been the subject of a number of research analyst reports. Wedbush cut their price target on shares of LGI Homes from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Wednesday, April 12th. JPMorgan Chase & Co. reduced their price objective on shares of LGI Homes from $84.00 to $79.00 and set an “underweight” rating for the company in a research note on Thursday, February 23rd. BTIG Research upped their price objective on shares of LGI Homes from $73.00 to $77.00 in a research note on Wednesday, May 3rd. StockNews.com assumed coverage on shares of LGI Homes in a research note on Thursday, May 18th. They set a “sell” rating for the company. Finally, JMP Securities reduced their price objective on shares of LGI Homes from $140.00 to $130.00 and set a “market perform” rating for the company in a research note on Tuesday, February 28th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, LGI Homes has a consensus rating of “Hold” and a consensus price target of $93.00.

LGI Homes Price Performance

Shares of LGIH opened at $115.19 on Thursday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 9.90 and a beta of 1.69. LGI Homes, Inc. has a fifty-two week low of $71.73 and a fifty-two week high of $126.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.82 and a quick ratio of 0.25. The business’s 50-day moving average is $113.81 and its 200-day moving average is $106.48.

LGI Homes (NASDAQ:LGIH – Get Rating) last issued its earnings results on Tuesday, May 2nd. The financial services provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The business had revenue of $487.40 million during the quarter, compared to analyst estimates of $467.54 million. LGI Homes had a net margin of 12.24% and a return on equity of 17.08%. LGI Homes’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.25 EPS. Equities research analysts expect that LGI Homes, Inc. will post 7.37 EPS for the current fiscal year.

LGI Homes Company Profile

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LGI Homes, Inc engages in the design, construction, marketing, and sale of new homes. It focuses on the residential land development business. It operates through the following segments: Central, West, Southeast, Florida, Midwest, Mid-Atlantic, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.