2 weeks Ago By Defense World Staff
Russell Investments Group Ltd. reduced its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH – Free Report) by 7.
7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,921 shares of the financial services provider’s stock after selling 1,160 shares during the quarter. Russell Investments Group Ltd.
owned 0.06% of LGI Homes worth $1,245,000 at the end of the most recent reporting period. A number of other large investors also recently bought and sold shares of the stock.
Blue Trust Inc. boosted its holdings in LGI Homes by 112.9% during the fourth quarter.
Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after buying an additional 184 shares in the last quarter. KBC Group NV boosted its stake in shares of LGI Homes by 51.
6% during the 4th quarter. KBC Group NV now owns 1,110 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 378 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of LGI Homes during the 3rd quarter valued at about $229,000.
EntryPoint Capital LLC increased its stake in shares of LGI Homes by 66.2% in the 4th quarter. EntryPoint Capital LLC now owns 3,049 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 1,215 shares in the last quarter.
Finally, Sanctuary Advisors LLC acquired a new position in LGI Homes in the 3rd quarter worth about $334,000. 84.89% of the stock is owned by institutional investors and hedge funds.
Insider Activity at LGI HomesIn other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction of $83,913.
70. Following the transaction, the chief operating officer now owns 27,102 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website.
Insiders own 12.30% of the company’s stock. LGI Homes Trading Up 3.
9 %Shares of LGIH stock opened at $56.28 on Monday. LGI Homes, Inc.
has a fifty-two week low of $53.13 and a fifty-two week high of $125.83.
The firm has a market capitalization of $1.32 billion, a P/E ratio of 6.75 and a beta of 1.
99. The stock’s fifty day moving average is $69.84 and its two-hundred day moving average is $88.
95. 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 (NASDAQ:LGIH – Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $557.40 million for the quarter, compared to analyst estimates of $588.
56 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.
75%. The business’s revenue was down 8.4% compared to the same quarter last year.
During the same quarter in the previous year, the firm posted $2.19 earnings per share. Research analysts expect that LGI Homes, Inc.
will post 8.46 earnings per share for the current fiscal year. Analyst Ratings ChangesLGIH has been the subject of a number of recent analyst reports.
Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. JMP Securities restated a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a research report on Friday, January 10th.
Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th.
Finally, JPMorgan Chase & Co. cut their target price on shares of LGI Homes from $82.00 to $80.
00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.
com, the company presently has an average rating of “Hold” and an average target price of $118.33.Get Our Latest Research Report on LGI HomesLGI Homes Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than LGI Homes2 Rising CRM Platform Stocks That Can Surge Higher in 2025 With a 60%+ Upside, There’s Plenty to Love About LovesacHow to Find Undervalued StocksJ.
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