LGI Homes, Inc. (NASDAQ:LGIH) Shares Sold by Anomaly Capital Management LP

Anomaly Capital Management LP lessened its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 18.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,611 shares of the financial services provider's stock after selling 62,757 shares during the period. Anomaly Capital Management LP owned about 1.16% of LGI Homes worth $24,371,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. River Road Asset Management LLC raised its holdings in shares of LGI Homes by 30.6% in the fourth quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider's stock valued at $81,168,000 after acquiring an additional 212,468 shares in the last quarter. Raymond James Financial Inc. purchased a new position in LGI Homes during the 4th quarter valued at about $15,507,000. JPMorgan Chase & Co. increased its position in LGI Homes by 131.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider's stock valued at $13,222,000 after purchasing an additional 63,346 shares during the period. Vanguard Group Inc. raised its holdings in shares of LGI Homes by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider's stock valued at $203,377,000 after purchasing an additional 54,039 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of LGI Homes in the 4th quarter worth approximately $3,485,000. Hedge funds and other institutional investors own 84.89% of the company's stock.

Wall Street Analysts Forecast Growth

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

LGI Homes Stock Down 1.3 %

LGIH traded down $0.78 during trading on Friday, hitting $59.45. The stock had a trading volume of 191,901 shares, compared to its average volume of 237,894. The stock has a 50 day simple moving average of $67.33 and a two-hundred day simple moving average of $87.47. 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, Inc. has a twelve month low of $53.13 and a twelve month high of $125.83. The company has a market capitalization of $1.39 billion, a PE ratio of 7.13 and a beta of 1.99.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $588.56 million. During the same period in the previous year, the business earned $2.19 EPS. The firm's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts predict that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Insiders Place Their Bets

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $75.94, for a total value of $83,913.70. Following the completion of the transaction, the chief operating officer now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.