B. Metzler seel. Sohn & Co. AG Sells 754 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

B. Metzler seel. Sohn & Co. AG lowered its position in LGI Homes, Inc. (NASDAQ:LGIH) by 6.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,790 shares of the financial services provider’s stock after selling 754 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in LGI Homes were worth $965,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in LGI Homes by 131.4% in the third quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider’s stock worth $13,222,000 after purchasing an additional 63,346 shares during the last quarter. River Road Asset Management LLC grew its stake in LGI Homes by 30.6% during the 4th quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider’s stock worth $81,168,000 after buying an additional 212,468 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in LGI Homes during the 3rd quarter worth $334,000. Proficio Capital Partners LLC acquired a new position in LGI Homes during the 4th quarter valued at about $1,934,000. Finally, Charles Schwab Investment Management Inc. raised its stake in LGI Homes by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 376,793 shares of the financial services provider’s stock valued at $33,685,000 after buying an additional 27,652 shares during the last quarter. Institutional investors own 84.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LGIH shares. Wedbush restated a “neutral” rating and set a $115.00 price target (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Seaport Res Ptn raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, JMP Securities reissued a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $118.33.

LGI Homes Stock Down 9.0 %

NASDAQ:LGIH opened at $61.18 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The company’s fifty day moving average price is $77.69 and its 200-day moving average price is $94.53. LGI Homes, Inc. has a 1-year low of $60.84 and a 1-year high of $125.83. The firm has a market capitalization of $1.43 billion, a P/E ratio of 7.34 and a beta of 2.13.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.16). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $557.40 million for the quarter, compared to analysts’ expectations of $588.56 million. During the same quarter in the previous year, the business posted $2.19 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities research analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

Insider Buying and Selling at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $75.94, for a total transaction of $83,913.70. Following the completion of the transaction, the chief operating officer now directly owns 27,102 shares of the company’s stock, valued at $2,058,125.88. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.30% of the stock is currently owned by corporate insiders.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.