97,600 Shares in LGI Homes Inc (LGIH) Purchased by Axa
Axa purchased a new position in LGI Homes Inc (NASDAQ:LGIH) during the fourth quarter, Holdings Channel reports. The firm purchased 97,600 shares of the financial services provider’s stock, valued at approximately $7,323,000.
Other institutional investors have also recently made changes to their positions in the company. Midas Management Corp bought a new position in LGI Homes in the 4th quarter worth about $191,000. SG Americas Securities LLC bought a new position in LGI Homes in the 3rd quarter worth about $199,000. Albion Financial Group UT bought a new position in LGI Homes in the 3rd quarter worth about $213,000. Stifel Financial Corp bought a new position in LGI Homes in the 3rd quarter worth about $216,000. Finally, CAPROCK Group Inc. bought a new position in LGI Homes in the 4th quarter worth about $217,000. Institutional investors own 84.84% of the company’s stock.
LGI Homes Inc (NASDAQ:LGIH) opened at $67.26 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 9.16. The stock has a market cap of $1,403.58, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.94 and a beta of 0.31. LGI Homes Inc has a one year low of $28.57 and a one year high of $79.55.
A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of LGI Homes from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Zacks Investment Research cut shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Wedbush upgraded shares of LGI Homes from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $59.51 to $73.00 in a research note on Tuesday, February 13th. Finally, ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.50.
In related news, Director Ryan Edone bought 1,400 shares of the stock in a transaction on Friday, March 2nd. The shares were acquired at an average price of $56.36 per share, for a total transaction of $78,904.00. Following the purchase, 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 can be accessed through this link. Also, CEO Eric Thomas Lipar sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $72.03, for a total transaction of $1,800,750.00. Following the transaction, the chief executive officer now owns 491,233 shares in the company, valued at approximately $35,383,512.99. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by corporate insiders.
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About LGI Homes
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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