2 weeks Ago By ABMN Staff
Raymond James Financial Inc. bought a new stake in shares of LGI Homes, Inc. ( NASDAQ:LGIH – Free Report ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The fund bought 173,456 shares of the financial services provider’s stock, valued at approximately $15,507,000. Raymond James Financial Inc. owned approximately 0.
74% of LGI Homes at the end of the most recent quarter. Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc.
boosted its position in shares of LGI Homes by 112.9% during the fourth 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 grew its position in shares of LGI Homes by 51.6% in the 4th quarter.
KBC Group NV now owns 1,110 shares of the financial services provider’s stock worth $99,000 after buying an additional 378 shares during the period. HighTower Advisors LLC purchased a new position in LGI Homes during the 3rd quarter valued at about $229,000. Sanctuary Advisors LLC bought a new stake in LGI Homes during the third quarter worth about $334,000.
Finally, EntryPoint Capital LLC increased its stake in shares of LGI Homes by 66.2% during the fourth 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.
84.89% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity In related news, COO Michael Larry Snider sold 1,105 shares of the business’s stock in a transaction that occurred on Monday, March 10th.
The stock was sold at an average price of $75.94, for a total value of $83,913.70.
Following the transaction, the chief operating officer now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Insiders own 12.
30% of the company’s stock. Analyst Ratings Changes Get Our Latest Report on LGI Homes LGI Homes Trading Down 0.3 % Shares of NASDAQ:LGIH opened at $56.
10 on Tuesday. The stock’s 50-day simple moving average is $69.30 and its two-hundred day simple moving average is $88.
56. LGI Homes, Inc. has a 52-week low of $53.
13 and a 52-week high of $125.83. The company has a debt-to-equity ratio of 0.
77, a quick ratio of 0.54 and a current ratio of 12.72.
The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 6.73 and a beta of 1.
99. LGI Homes ( NASDAQ:LGIH – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $2.
15 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $588.56 million.
During the same quarter in the prior year, the business earned $2.19 EPS. The company’s revenue was down 8.
4% compared to the same quarter last year. Analysts expect that LGI Homes, Inc. will post 8.
46 EPS for the current year. LGI 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. Read More Want to see what other hedge funds are holding LGIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LGI Homes, Inc.
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