Cwm LLC Purchases 376 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Cwm LLC lifted its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 164.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 605 shares of the financial services provider’s stock after buying an additional 376 shares during the period. Cwm LLC’s holdings in LGI Homes were worth $81,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. RiverPark Advisors LLC purchased a new position in shares of LGI Homes during the third quarter worth approximately $49,000. International Assets Investment Management LLC purchased a new position in LGI Homes in the 4th quarter worth $71,000. Financial Management Professionals Inc. lifted its stake in LGI Homes by 27.3% in the fourth quarter. Financial Management Professionals Inc. now owns 537 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 115 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in LGI Homes by 54.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,753 shares of the financial services provider’s stock valued at $174,000 after buying an additional 615 shares during the period. Finally, AlphaMark Advisors LLC bought a new position in shares of LGI Homes during the third quarter valued at about $194,000. Institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of LGI Homes stock opened at $98.25 on Wednesday. The business has a 50 day moving average of $104.28 and a 200 day moving average of $113.80. LGI Homes, Inc. has a 52 week low of $84.15 and a 52 week high of $141.91. The company has a market cap of $2.32 billion, a PE ratio of 12.28 and a beta of 1.86. The company has a quick ratio of 0.43, a current ratio of 12.36 and a debt-to-equity ratio of 0.74.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.72 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.30). The company had revenue of $390.90 million during the quarter, compared to the consensus estimate of $400.00 million. LGI Homes had a return on equity of 10.43% and a net margin of 8.37%. The firm’s revenue for the quarter was down 19.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 earnings per share. As a group, equities research analysts forecast that LGI Homes, Inc. will post 9.25 earnings per share for the current year.

Insiders Place Their Bets

In other LGI Homes news, General Counsel Scott James Garber sold 1,212 shares of the company’s 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 $135,683.40. Following the transaction, the general counsel now owns 13,824 shares in the company, valued at approximately $1,547,596.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Michael Larry Snider sold 7,993 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $110.06, for a total value of $879,709.58. Following the completion of the transaction, the chief operating officer now directly owns 19,016 shares in the company, valued at approximately $2,092,900.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Scott James Garber sold 1,212 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $111.95, for a total transaction of $135,683.40. Following the sale, the general counsel now directly owns 13,824 shares in the company, valued at approximately $1,547,596.80. The disclosure for this sale can be found here. Insiders sold 26,435 shares of company stock worth $2,944,291 over the last three months. Company insiders own 12.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LGIH shares. StockNews.com lowered LGI Homes from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. JMP Securities reissued a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a research note on Friday, April 5th. Finally, Wedbush reaffirmed an “underperform” rating and issued a $74.00 target price (down from $88.00) on shares of LGI Homes in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $110.50.

LGI Homes Company 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.