5,957 Shares in LGI Homes Inc (LGIH) Purchased by Caxton Associates LP
Caxton Associates LP bought a new position in shares of LGI Homes Inc (NASDAQ:LGIH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,957 shares of the financial services provider’s stock, valued at approximately $447,000.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of LGI Homes by 3.2% during the fourth quarter. BlackRock Inc. now owns 2,568,244 shares of the financial services provider’s stock worth $192,695,000 after acquiring an additional 80,724 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of LGI Homes during the fourth quarter worth approximately $36,247,000. Capital Growth Management LP increased its holdings in 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. Bank of New York Mellon Corp increased its holdings in LGI Homes by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 285,778 shares of the financial services provider’s stock valued at $13,880,000 after buying an additional 11,482 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in LGI Homes by 1,419.3% during the fourth quarter. OppenheimerFunds Inc. now owns 220,096 shares of the financial services provider’s stock valued at $16,514,000 after buying an additional 205,609 shares during the period. 84.84% of the stock is currently owned by institutional investors and hedge funds.
LGI Homes Inc (NASDAQ LGIH) opened at $67.26 on Wednesday. The stock has a market cap of $1,403.58, a P/E ratio of 14.19, a P/E/G ratio of 0.94 and a beta of 0.31. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 9.16. LGI Homes Inc has a 1-year low of $28.57 and a 1-year high of $79.55.
In other news, Director Ryan Edone purchased 1,400 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of $56.36 per share, with a total value of $78,904.00. Following the completion of the acquisition, the director now owns 22,982 shares of the company’s stock, valued at $1,295,265.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total transaction of $1,800,750.00. Following the completion of the transaction, the chief executive officer now directly owns 491,233 shares in the company, valued at $35,383,512.99. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by insiders.
Several equities analysts recently issued reports on LGIH shares. Zacks Investment Research lowered shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. ValuEngine raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. BidaskClub lowered shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Wedbush raised shares of LGI Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $59.51 to $73.00 in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. LGI Homes presently has an average rating of “Buy” and a consensus price target of $61.50.
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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.
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