LGI Homes, Inc. $LGIH Shares Sold by UBS Group AG

UBS Group AG lowered its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 25.6% during the fourth quarter, Holdings Channel reports. The fund owned 69,621 shares of the financial services provider’s stock after selling 23,923 shares during the quarter. UBS Group AG’s holdings in LGI Homes were worth $2,991,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Voss Capital LP boosted its position in LGI Homes by 33.3% during the third quarter. Voss Capital LP now owns 300,000 shares of the financial services provider’s stock worth $15,513,000 after acquiring an additional 75,000 shares during the last quarter. JPMorgan Chase & Co. boosted its position in LGI Homes by 244.6% during the third quarter. JPMorgan Chase & Co. now owns 61,384 shares of the financial services provider’s stock worth $3,174,000 after acquiring an additional 43,572 shares during the last quarter. SG Americas Securities LLC boosted its position in LGI Homes by 1,158.0% during the fourth quarter. SG Americas Securities LLC now owns 91,471 shares of the financial services provider’s stock worth $3,930,000 after acquiring an additional 84,200 shares during the last quarter. Commons Capital LLC acquired a new stake in LGI Homes during the third quarter worth approximately $593,000. Finally, Rafferty Asset Management LLC boosted its position in LGI Homes by 83.2% during the third quarter. Rafferty Asset Management LLC now owns 30,624 shares of the financial services provider’s stock worth $1,584,000 after acquiring an additional 13,909 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

Wall Street Analyst Weigh In

LGIH has been the topic of a number of analyst reports. Wall Street Zen lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of LGI Homes in a research report on Friday. JPMorgan Chase & Co. raised their target price 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 upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, LGI Homes presently has a consensus rating of “Hold” and a consensus price target of $72.75.

Insider Buying and Selling at LGI Homes

In other LGI Homes news, General Counsel Scott James Garber sold 1,353 shares of LGI Homes stock in a transaction on 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 owned 21,716 shares in the company, valued at $912,940.64. This trade represents a 5.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael Larry Snider sold 7,887 shares of LGI Homes stock in a transaction on Monday, March 9th. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,451 shares of company stock worth $943,840 in the last quarter. 12.60% of the stock is owned by insiders.

LGI Homes Price Performance

Shares of LGIH opened at $46.11 on Tuesday. The firm has a market cap of $1.07 billion, a PE ratio of 15.12 and a beta of 1.90. The company’s fifty day moving average is $42.09 and its two-hundred day moving average is $47.05. LGI Homes, Inc. has a fifty-two week low of $33.55 and a fifty-two 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.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.22. The company had revenue of $319.74 million for the quarter, compared to analyst estimates of $328.22 million. LGI Homes had a net margin of 4.22% and a return on equity of 3.80%. LGI Homes’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.17 EPS. Analysts forecast that LGI Homes, Inc. will post 2.76 earnings per share for the current year.

About LGI Homes

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.