Citigroup Inc. Buys 15,818 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Citigroup Inc. increased its stake in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 60.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,797 shares of the financial services provider's stock after acquiring an additional 15,818 shares during the period. Citigroup Inc. owned approximately 0.18% of LGI Homes worth $4,954,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LGIH. Dimensional Fund Advisors LP increased its position in shares of LGI Homes by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider's stock valued at $134,827,000 after purchasing an additional 53,031 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in LGI Homes by 1.7% during the second quarter. Disciplined Growth Investors Inc. MN now owns 906,198 shares of the financial services provider's stock valued at $81,096,000 after acquiring an additional 15,340 shares during the last quarter. River Road Asset Management LLC raised its stake in shares of LGI Homes by 45.9% in the third quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider's stock valued at $82,425,000 after acquiring an additional 218,923 shares during the period. Altshuler Shaham Ltd raised its stake in shares of LGI Homes by 5,860.2% in the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider's stock valued at $40,696,000 after acquiring an additional 447,130 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of LGI Homes by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 349,141 shares of the financial services provider's stock worth $41,380,000 after acquiring an additional 24,555 shares during the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Trading Down 0.9 %

LGIH stock traded down $0.96 during midday trading on Tuesday, reaching $109.16. The company's stock had a trading volume of 119,354 shares, compared to its average volume of 208,153. LGI Homes, Inc. has a 1 year low of $84.00 and a 1 year high of $136.89. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 13.09 and a beta of 1.99. The stock has a fifty day simple moving average of $108.94 and a two-hundred day simple moving average of $103.78. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.54 by $0.41. The company had revenue of $651.85 million for the quarter, compared to the consensus estimate of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm's revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.84 EPS. On average, equities research analysts predict that LGI Homes, Inc. will post 8.72 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wedbush reissued a "neutral" rating and issued a $125.00 price objective on shares of LGI Homes in a research report on Wednesday, November 6th.

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.