River Road Asset Management LLC Has $81.17 Million Stock Position in LGI Homes, Inc. (NASDAQ:LGIH)

River Road Asset Management LLC lifted its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 907,923 shares of the financial services provider's stock after purchasing an additional 212,468 shares during the period. River Road Asset Management LLC owned about 3.86% of LGI Homes worth $81,168,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of LGI Homes by 112.9% during the 4th quarter. Blue Trust Inc. now owns 347 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 184 shares in the last quarter. KBC Group NV raised its position in LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider's stock worth $87,000 after acquiring an additional 168 shares during the period. HighTower Advisors LLC bought a new stake in LGI Homes during the 3rd quarter worth approximately $229,000. Paloma Partners Management Co purchased a new stake in LGI Homes during the 3rd quarter valued at approximately $238,000. Finally, XTX Topco Ltd purchased a new position in LGI Homes during the 3rd quarter valued at approximately $288,000. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $75.94, for a total transaction of $83,913.70. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.40% of the company's stock.

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Analyst Ratings Changes

LGIH has been the topic of several research analyst reports. Wedbush reaffirmed a "neutral" rating and issued a $115.00 price objective (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Seaport Res Ptn upgraded LGI Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. JMP Securities restated a "market outperform" rating and issued a $160.00 target price on shares of LGI Homes in a research note on Friday, January 10th. Finally, 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 research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. 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 Trading Up 1.8 %

LGI Homes stock traded up $1.24 during trading on Friday, hitting $71.86. The company had a trading volume of 393,408 shares, compared to its average volume of 263,051. The company's 50 day simple moving average is $83.50 and its 200-day simple moving average is $98.44. 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, Inc. has a 1-year low of $68.66 and a 1-year high of $125.83. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 8.62 and a beta of 2.13.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings data 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 net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $557.40 million during the quarter, compared to analysts' expectations of $588.56 million. During the same quarter in the previous year, the company posted $2.19 EPS. The company's revenue was down 8.4% compared to the same quarter last year. As a group, analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

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.