Grandeur Peak Global Advisors LLC cut its holdings in shares of LGI Homes Inc (NASDAQ:LGIH) by 17.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,676 shares of the financial services provider’s stock after selling 22,750 shares during the period. Grandeur Peak Global Advisors LLC owned 0.51% of LGI Homes worth $5,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LGIH. FMR LLC purchased a new position in shares of LGI Homes during the second quarter valued at approximately $21,233,000. Capital Growth Management LP increased its stake in shares of LGI Homes by 113.6% during the third quarter. Capital Growth Management LP now owns 470,000 shares of the financial services provider’s stock valued at $22,828,000 after buying an additional 250,000 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of LGI Homes by 467.7% during the second quarter. Pictet Asset Management Ltd. now owns 215,227 shares of the financial services provider’s stock valued at $6,973,000 after buying an additional 177,316 shares during the period. Kennedy Capital Management Inc. purchased a new position in shares of LGI Homes during the second quarter valued at approximately $6,402,000. Finally, BlackRock Inc. increased its stake in shares of LGI Homes by 3.9% during the second quarter. BlackRock Inc. now owns 2,493,251 shares of the financial services provider’s stock valued at $100,180,000 after buying an additional 92,633 shares during the period. 92.01% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Bryan Christopher Sansbury sold 23,101 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $63.28, for a total value of $1,461,831.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eric Thomas Lipar sold 25,000 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $54.27, for a total value of $1,356,750.00. Following the completion of the sale, the chief executive officer now directly owns 504,593 shares in the company, valued at $27,384,262.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,601 shares of company stock worth $4,233,916. 13.60% of the stock is owned by insiders.

Several research firms have recently issued reports on LGIH. TheStreet raised LGI Homes from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Zacks Investment Research cut LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. JMP Securities boosted their target price on LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 8th. Wedbush reissued a “neutral” rating and set a $60.00 target price (up from $55.00) on shares of LGI Homes in a research note on Wednesday, November 8th. Finally, ValuEngine raised LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $54.33.

Shares of LGI Homes Inc (NASDAQ:LGIH) opened at $70.26 on Friday. The firm has a market capitalization of $1,452.96, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.34 and a beta of 0.27. LGI Homes Inc has a 12 month low of $26.82 and a 12 month high of $71.96. The company has a quick ratio of 0.86, a current ratio of 8.91 and a debt-to-equity ratio of 1.04.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.10. The company had revenue of $365.90 million for the quarter, compared to analysts’ expectations of $355.81 million. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. analysts predict that LGI Homes Inc will post 4.54 EPS for the current year.

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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.

Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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