LGI Homes, Inc. (NASDAQ:LGIH) Shares Acquired by Khrom Capital Management LLC

Khrom Capital Management LLC lifted its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 19.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,095,801 shares of the financial services provider's stock after acquiring an additional 177,698 shares during the quarter. LGI Homes makes up about 11.1% of Khrom Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Khrom Capital Management LLC owned 4.66% of LGI Homes worth $97,965,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LGIH. Tower Research Capital LLC TRC raised its holdings in LGI Homes by 10.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock valued at $198,000 after acquiring an additional 212 shares during the period. MetLife Investment Management LLC increased its stake in shares of LGI Homes by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 12,757 shares of the financial services provider's stock worth $1,140,000 after purchasing an additional 701 shares during the period. Natixis lifted its holdings in LGI Homes by 163.8% during the 4th quarter. Natixis now owns 11,208 shares of the financial services provider's stock worth $1,002,000 after purchasing an additional 6,960 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in LGI Homes by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider's stock valued at $134,491,000 after purchasing an additional 6,706 shares during the period. Finally, Marshall Wace LLP boosted its stake in LGI Homes by 1.9% in the 4th quarter. Marshall Wace LLP now owns 152,355 shares of the financial services provider's stock valued at $13,621,000 after purchasing an additional 2,793 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Michael Larry Snider sold 1,105 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction of $83,913.70. Following the sale, the chief operating officer now directly owns 27,102 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 12.30% of the company's stock.

LGI Homes Price Performance

Shares of LGIH traded down $0.78 during midday trading on Friday, hitting $59.45. The company's stock had a trading volume of 191,901 shares, compared to its average volume of 237,894. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. LGI Homes, Inc. has a one year low of $53.13 and a one year high of $125.83. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 7.13 and a beta of 1.99. The company's fifty day simple moving average is $67.33 and its two-hundred day simple moving average is $87.47.

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 company 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 company's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.19 earnings per share. As a group, equities analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.