Fulcrum Asset Management LLP Grows Position in LGI Homes, Inc. $LGIH

Fulcrum Asset Management LLP increased its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 7,903.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,050 shares of the financial services provider’s stock after acquiring an additional 20,787 shares during the quarter. Fulcrum Asset Management LLP’s holdings in LGI Homes were worth $904,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LGIH. Caitong International Asset Management Co. Ltd lifted its stake in LGI Homes by 75.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 237 shares during the period. Russell Investments Group Ltd. lifted its stake in 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 acquiring an additional 305 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in LGI Homes by 74.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 928 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 397 shares during the period. Versant Capital Management Inc lifted its stake in LGI Homes by 35.1% in the third quarter. Versant Capital Management Inc now owns 947 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 246 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in LGI Homes by 607.1% in the third quarter. Nisa Investment Advisors LLC now owns 1,789 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 1,536 shares during the period. 84.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Charles Michael Merdian sold 7,211 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $42.04, for a total value of $303,150.44. Following the transaction, the chief financial officer owned 20,540 shares in the company, valued at approximately $863,501.60. This represents a 25.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael Larry Snider sold 7,887 shares of the 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 completion of the transaction, the chief operating officer owned 30,517 shares in the company, valued at approximately $1,282,934.68. This trade represents a 20.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,451 shares of company stock worth $943,840 over the last 90 days. 12.60% of the stock is currently owned by corporate insiders.

LGI Homes Stock Performance

LGIH opened at $46.29 on Friday. LGI Homes, Inc. has a 52-week low of $33.55 and a 52-week high of $69.50. The company has a quick ratio of 0.70, a current ratio of 18.56 and a debt-to-equity ratio of 0.81. The company has a market cap of $1.08 billion, a P/E ratio of 15.18 and a beta of 1.90. The firm’s 50-day moving average price is $42.66 and its 200-day moving average price is $47.03.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.22. LGI Homes had a net margin of 4.22% and a return on equity of 3.80%. The firm had revenue of $319.74 million for the quarter, compared to the consensus estimate of $328.22 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that LGI Homes, Inc. will post 2.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on LGIH shares. Wall Street Zen raised shares of LGI Homes from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. lifted their price objective on shares of LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $72.75.

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.