Barclays PLC Sells 57,267 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Barclays PLC reduced its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 51.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,917 shares of the financial services provider's stock after selling 57,267 shares during the period. Barclays PLC owned 0.23% of LGI Homes worth $6,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in shares of LGI Homes by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider's stock worth $922,000 after purchasing an additional 100 shares during the period. First Horizon Advisors Inc. increased its position in LGI Homes by 32.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider's stock worth $39,000 after buying an additional 108 shares during the period. Arizona State Retirement System lifted its holdings in shares of LGI Homes by 1.9% during the second quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider's stock worth $532,000 after buying an additional 112 shares during the last quarter. KBC Group NV boosted its position in shares of LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider's stock valued at $87,000 after acquiring an additional 168 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of LGI Homes by 5.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider's stock worth $383,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company's stock.

LGI Homes Price Performance

LGIH stock traded up $0.93 during trading on Friday, hitting $91.20. The company had a trading volume of 689,340 shares, compared to its average volume of 210,790. The company has a fifty day moving average price of $105.95 and a two-hundred day moving average price of $104.15. LGI Homes, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $136.89. The company has a market cap of $2.14 billion, a P/E ratio of 10.94 and a beta of 1.99. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on LGIH shares. Wedbush reiterated a "neutral" rating and set a $125.00 target price on shares of LGI Homes in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their price objective on shares of LGI Homes from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, December 13th.

LGI Homes Company 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.