CDAM UK Ltd Has $65.62 Million Stock Position in LGI Homes, Inc. (NASDAQ:LGIH)

CDAM UK Ltd grew its position in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 733,943 shares of the financial services provider's stock after acquiring an additional 19,048 shares during the quarter. LGI Homes accounts for approximately 9.8% of CDAM UK Ltd's portfolio, making the stock its 6th largest holding. CDAM UK Ltd owned about 3.12% of LGI Homes worth $65,615,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in LGI Homes by 112.9% in the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 184 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of LGI Homes by 5.7% during the 3rd quarter. Stifel Financial Corp now owns 3,883 shares of the financial services provider's stock worth $460,000 after acquiring an additional 211 shares during the period. KBC Group NV lifted its position in LGI Homes by 51.6% during the fourth quarter. KBC Group NV now owns 1,110 shares of the financial services provider's stock valued at $99,000 after buying an additional 378 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 purchasing an additional 402 shares during the period. Finally, LPL Financial LLC increased its position in 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.

LGI Homes Trading Down 5.9 %

LGI Homes stock traded down $3.59 during mid-day trading on Thursday, hitting $56.83. The company's stock had a trading volume of 132,729 shares, compared to its average volume of 235,989. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.33 billion, a PE ratio of 6.80 and a beta of 1.99. The stock's fifty day moving average is $73.95 and its two-hundred day moving average is $92.05. LGI Homes, Inc. has a 1 year low of $54.05 and a 1 year high of $125.83.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $557.40 million during the quarter, compared to analyst estimates of $588.56 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.19 earnings per share. On average, analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective 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. Wedbush reaffirmed 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. Finally, JMP Securities restated 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $118.33.

Insider Activity at LGI Homes

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the firm's stock in a transaction dated 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. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.30% of the stock is currently owned by insiders.

LGI Homes Company Profile

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.