iSAM Funds UK Ltd Makes New $405,000 Investment in LGI Homes, Inc. (NASDAQ:LGIH)

iSAM Funds UK Ltd purchased a new position in LGI Homes, Inc. (NASDAQ:LGIH) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 4,531 shares of the financial services provider’s stock, valued at approximately $405,000.

Several other institutional investors also recently added to or reduced their stakes in LGIH. Blue Trust Inc. grew its holdings in shares of LGI Homes by 112.9% during the 4th quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of LGI Homes by 801.5% during the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 545 shares in the last quarter. KBC Group NV grew its holdings in shares of LGI Homes by 51.6% during the 4th quarter. KBC Group NV now owns 1,110 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 378 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of LGI Homes by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 141 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of LGI Homes by 10.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 212 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LGIH. Seaport Res Ptn raised LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of LGI Homes in a report on Wednesday, April 30th.

LGI Homes Price Performance

Shares of LGIH stock opened at $55.51 on Wednesday. The stock’s fifty day simple moving average is $60.96 and its 200 day simple moving average is $81.21. 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 firm has a market cap of $1.30 billion, a price-to-earnings ratio of 6.66 and a beta of 1.93. LGI Homes, Inc. has a one year low of $52.48 and a one year high of $125.83.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.29). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $351.42 million during the quarter, compared to the consensus estimate of $380.07 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Insider Buying and Selling at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction of $83,913.70. Following the completion of the sale, the chief operating officer now owns 27,102 shares in the company, valued at $2,058,125.88. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 12.30% of the company’s stock.

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.