Gilder Gagnon Howe & Co. LLC Reduces Stake in LGI Homes, Inc. (NASDAQ:LGIH)

Gilder Gagnon Howe & Co. LLC decreased its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 215,432 shares of the financial services provider's stock after selling 6,086 shares during the period. Gilder Gagnon Howe & Co. LLC owned 0.92% of LGI Homes worth $19,260,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of LGIH. Stifel Financial Corp raised its position in LGI Homes by 5.7% in the third quarter. Stifel Financial Corp now owns 3,883 shares of the financial services provider's stock worth $460,000 after acquiring an additional 211 shares during the period. Sanctuary Advisors LLC purchased a new position in LGI Homes in the third quarter valued at approximately $334,000. JPMorgan Chase & Co. grew its holdings in LGI Homes by 131.4% during the third 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. Harbor Capital Advisors Inc. increased its position in LGI Homes by 19.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 8,212 shares of the financial services provider's stock worth $734,000 after buying an additional 1,357 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of LGI Homes by 28.8% in the fourth quarter. Inspire Investing LLC now owns 4,493 shares of the financial services provider's stock valued at $402,000 after buying an additional 1,005 shares during the period. Institutional investors own 84.89% of the company's stock.

Insider Activity at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 27,102 shares in the company, valued at approximately $2,058,125.88. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

LGI Homes Price Performance

Shares of LGI Homes stock traded down $4.61 during trading on Tuesday, hitting $54.64. The stock had a trading volume of 597,721 shares, compared to its average volume of 238,970. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 6.55 and a beta of 1.99. LGI Homes, Inc. has a 12 month low of $53.13 and a 12 month high of $125.83. The business's 50-day moving average is $66.38 and its 200 day moving average is $86.56. 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 posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.58). The company had revenue of $351.42 million for the quarter, compared to the consensus estimate of $380.07 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The business's revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, sell-side analysts anticipate that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

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.