SG Americas Securities LLC Buys 84,200 Shares of LGI Homes, Inc. $LGIH

SG Americas Securities LLC boosted its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 1,158.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,471 shares of the financial services provider’s stock after acquiring an additional 84,200 shares during the period. SG Americas Securities LLC owned 0.40% of LGI Homes worth $3,930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in LGI Homes by 75.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 237 shares in the last quarter. Versant Capital Management Inc grew its position in shares of LGI Homes by 35.1% during the third quarter. Versant Capital Management Inc now owns 947 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 246 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of LGI Homes by 2.6% in the third quarter. Illinois Municipal Retirement Fund now owns 10,970 shares of the financial services provider’s stock worth $567,000 after purchasing an additional 275 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of LGI Homes by 106.6% in the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 305 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of LGI Homes by 6.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 6,056 shares of the financial services provider’s stock worth $313,000 after buying an additional 387 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other LGI Homes news, General Counsel Scott James Garber sold 1,353 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $42.04, for a total value of $56,880.12. Following the transaction, the general counsel directly owned 21,716 shares in the company, valued at $912,940.64. This represents a 5.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Larry Snider sold 7,887 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $42.04, for a total transaction of $331,569.48. Following the transaction, the chief operating officer directly owned 30,517 shares in the company, valued at approximately $1,282,934.68. This trade represents a 20.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,451 shares of company stock valued at $943,840 in the last 90 days. Company insiders own 12.60% of the company’s stock.

Analyst Upgrades and Downgrades

LGIH has been the subject of several research analyst reports. Citigroup restated an “outperform” rating on shares of LGI Homes in a report on Wednesday, January 7th. Citizens Jmp upped their price objective on LGI Homes from $85.00 to $95.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of LGI Homes in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.63.

LGI Homes Stock Performance

Shares of LGI Homes stock opened at $38.13 on Friday. The company has a quick ratio of 0.76, a current ratio of 20.98 and a debt-to-equity ratio of 0.79. The stock’s fifty day moving average is $48.20 and its two-hundred day moving average is $48.36. LGI Homes, Inc. has a 52 week low of $33.55 and a 52 week high of $69.50. The company has a market capitalization of $881.95 million, a PE ratio of 12.18 and a beta of 1.86.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, February 17th. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. The business had revenue of $473.97 million during the quarter, compared to the consensus estimate of $479.60 million. LGI Homes had a return on equity of 4.08% and a net margin of 4.25%.The business’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period last year, the company earned $2.15 earnings per share. As a group, analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

LGI Homes Company Profile

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.