Wasatch Advisors LP Has $124.78 Million Stock Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Wasatch Advisors LP raised its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,395,710 shares of the financial services provider's stock after buying an additional 36,608 shares during the period. Wasatch Advisors LP owned about 5.94% of LGI Homes worth $124,776,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LGIH. Blue Trust Inc. raised its holdings 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 in the last quarter. Sterling Capital Management LLC raised its stake in shares of LGI Homes by 801.5% in the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 545 shares in the last quarter. KBC Group NV lifted its position in shares of LGI Homes by 51.6% during the fourth quarter. KBC Group NV now owns 1,110 shares of the financial services provider's stock worth $99,000 after purchasing an additional 378 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in LGI Homes by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider's stock worth $195,000 after purchasing an additional 141 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of LGI Homes in the 3rd quarter worth approximately $229,000. 84.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LGIH shares. JMP Securities reissued a "market outperform" rating and set a $160.00 price target on shares of LGI Homes in a report on Friday, January 10th. Wedbush reissued a "neutral" rating and set a $115.00 target price (down from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut 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. Finally, Seaport Res Ptn upgraded 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 issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, LGI Homes presently has a consensus rating of "Hold" and a consensus target price of $118.33.

LGI Homes Stock Performance

LGI Homes stock traded up $2.13 during trading hours on Friday, hitting $56.28. The stock had a trading volume of 238,991 shares, compared to its average volume of 236,237. LGI Homes, Inc. has a fifty-two week low of $53.13 and a fifty-two week high of $125.83. The company has a market cap of $1.32 billion, a PE ratio of 6.75 and a beta of 1.99. The company has a 50-day moving average of $69.84 and a two-hundred day moving average of $89.32. 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 (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $2.15 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 the consensus estimate of $588.56 million. During the same quarter in the prior year, the business earned $2.19 EPS. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities research analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $75.94, for a total value of $83,913.70. Following the transaction, the chief operating officer now directly owns 27,102 shares in the company, valued at $2,058,125.88. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.30% of the company's stock.

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.