UBS Group AG Has $1.73 Million Position in LGI Homes, Inc. (NASDAQ:LGIH)
UBS Group AG boosted its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 71.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,948 shares of the financial services provider’s stock after buying an additional 21,210 shares during the period. UBS Group AG owned about 0.24% of LGI Homes worth $1,727,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC raised its position in shares of LGI Homes by 5.6% in the first quarter. Frontier Capital Management Co. LLC now owns 1,762,536 shares of the financial services provider’s stock worth $59,768,000 after buying an additional 93,783 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of LGI Homes by 5.7% in the first quarter. Vanguard Group Inc. now owns 849,255 shares of the financial services provider’s stock worth $28,798,000 after buying an additional 45,728 shares during the period. Neumeier Poma Investment Counsel LLC increased its stake in shares of LGI Homes by 30.6% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 787,550 shares of the financial services provider’s stock worth $26,706,000 after buying an additional 184,750 shares during the period. Heartland Advisors Inc. purchased a new stake in shares of LGI Homes during the first quarter worth $23,805,000. Finally, Bank of New York Mellon Corp increased its stake in shares of LGI Homes by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 204,643 shares of the financial services provider’s stock worth $6,940,000 after buying an additional 6,690 shares during the period. 87.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of LGI Homes, Inc. (NASDAQ:LGIH) traded up 0.84% during mid-day trading on Monday, hitting $47.84. The stock had a trading volume of 566,818 shares. The firm’s 50-day moving average price is $40.89 and its 200 day moving average price is $33.82. LGI Homes, Inc. has a 12-month low of $26.82 and a 12-month high of $48.05. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 14.36 and a beta of 0.07.
LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $162.91 million for the quarter, compared to analysts’ expectations of $161.68 million. LGI Homes had a net margin of 8.95% and a return on equity of 22.09%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. Equities analysts forecast that LGI Homes, Inc. will post $4.13 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research note on Tuesday, July 18th. Wedbush restated a “neutral” rating and set a $35.00 price objective on shares of LGI Homes in a research note on Tuesday, July 4th. ValuEngine downgraded LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Wells Fargo & Company upgraded LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 price target for the company in a research report on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.00.
In related news, CEO Eric Thomas Lipar sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $42.59, for a total value of $425,900.00. Following the transaction, the chief executive officer now owns 524,175 shares of the company’s stock, valued at approximately $22,324,613.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.60% of the stock is owned by corporate insiders.
LGI Homes Company Profile
LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.
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