Capital Fund Management S.A. Acquires New Shares in LGI Homes, Inc. (NASDAQ:LGIH)

Capital Fund Management S.A. acquired a new position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,389 shares of the financial services provider's stock, valued at approximately $2,717,000. Capital Fund Management S.A. owned about 0.13% of LGI Homes as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. raised its stake 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 valued at $31,000 after purchasing an additional 184 shares during the period. Stifel Financial Corp increased its position in shares of LGI Homes by 5.7% during the third quarter. Stifel Financial Corp now owns 3,883 shares of the financial services provider's stock valued at $460,000 after buying an additional 211 shares during the period. KBC Group NV lifted its holdings in shares of LGI Homes by 51.6% in the fourth quarter. KBC Group NV now owns 1,110 shares of the financial services provider's stock worth $99,000 after buying an additional 378 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of LGI Homes by 8.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,136 shares of the financial services provider's stock worth $459,000 after buying an additional 402 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of LGI Homes by 5.0% during the 4th quarter. LPL Financial LLC now owns 11,399 shares of the financial services provider's stock valued at $1,019,000 after buying an additional 546 shares in the last quarter. Institutional investors own 84.89% of the company's stock.

Insider Activity at LGI Homes

In other LGI Homes 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 value of $83,913.70. Following the sale, the chief operating officer now directly owns 27,102 shares of the company's stock, valued at approximately $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 can be accessed through this link. 12.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on LGIH. Wedbush reissued a "neutral" rating and issued a $115.00 price target (down from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their target price on LGI Homes from $82.00 to $80.00 and set an "underweight" rating for the company in a report on Tuesday, January 14th. Seaport Res Ptn raised LGI Homes from a "strong sell" rating to a "hold" rating in a research note 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 research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $118.33.

LGI Homes Trading Up 3.9 %

Shares of LGIH traded up $2.13 during mid-day trading on Friday, hitting $56.28. 238,991 shares of the company's stock traded hands, compared to its average volume of 236,237. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.32 billion, a P/E ratio of 6.75 and a beta of 1.99. The business's 50-day moving average price is $69.84 and its 200-day moving average price is $89.32. LGI Homes, Inc. has a 1 year low of $53.13 and a 1 year high of $125.83.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.16). LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $557.40 million during the quarter, compared to analysts' expectations of $588.56 million. During the same period in the prior year, the business posted $2.19 earnings per share. The company's revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

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.