Charles Schwab Investment Management Inc. Raises Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Charles Schwab Investment Management Inc. raised its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 376,793 shares of the financial services provider's stock after buying an additional 27,652 shares during the period. Charles Schwab Investment Management Inc. owned about 1.60% of LGI Homes worth $33,685,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in LGI Homes by 112.9% in the 4th quarter. Blue Trust Inc. now owns 347 shares of the financial services provider's stock valued at $31,000 after buying an additional 184 shares in the last quarter. KBC Group NV raised its stake in LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider's stock worth $87,000 after purchasing an additional 168 shares during the period. HighTower Advisors LLC purchased a new position in LGI Homes during the third quarter worth about $229,000. Paloma Partners Management Co acquired a new position in LGI Homes in the 3rd quarter valued at about $238,000. Finally, XTX Topco Ltd purchased a new stake in shares of LGI Homes in the 3rd quarter valued at approximately $288,000. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

LGI Homes Trading Up 2.1 %

NASDAQ LGIH traded up $1.52 during trading on Monday, hitting $73.38. The stock had a trading volume of 258,362 shares, compared to its average volume of 220,958. 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 company has a market capitalization of $1.72 billion, a PE ratio of 8.80 and a beta of 2.13. The firm has a 50 day moving average price of $82.93 and a 200 day moving average price of $97.78. LGI Homes, Inc. has a twelve month low of $68.66 and a twelve month high of $125.83.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LGIH. JPMorgan Chase & Co. decreased their price objective on LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. Wedbush reissued a "neutral" rating and set a $115.00 price objective (down from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Seaport Res Ptn raised shares of LGI Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, JMP Securities reiterated a "market outperform" rating and set a $160.00 price target on shares of LGI Homes in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $118.33.

Insider Activity

In related news, COO Michael Larry Snider sold 1,105 shares of the 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 transaction, the chief operating officer now owns 27,102 shares of the company's stock, valued at $2,058,125.88. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 12.40% of the company's stock.

LGI Homes 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.