AlphaMark Advisors LLC grew its stake in shares of LGI Homes (NASDAQ:LGIH) by 229.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,760 shares of the financial services provider’s stock after buying an additional 6,800 shares during the period. AlphaMark Advisors LLC’s holdings in LGI Homes were worth $689,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in LGI Homes by 3.2% during the fourth quarter. BlackRock Inc. now owns 2,568,244 shares of the financial services provider’s stock worth $192,695,000 after buying an additional 80,724 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of LGI Homes by 100.2% during the first quarter. Wasatch Advisors Inc. now owns 868,408 shares of the financial services provider’s stock worth $61,284,000 after purchasing an additional 434,609 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of LGI Homes by 3.9% during the first quarter. Hennessy Advisors Inc. now owns 501,800 shares of the financial services provider’s stock worth $35,412,000 after purchasing an additional 18,700 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of LGI Homes by 4.4% during the first quarter. State of New Jersey Common Pension Fund D now owns 235,000 shares of the financial services provider’s stock worth $16,584,000 after purchasing an additional 10,000 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in shares of LGI Homes by 1,419.3% during the fourth quarter. OppenheimerFunds Inc. now owns 220,096 shares of the financial services provider’s stock worth $16,514,000 after purchasing an additional 205,609 shares during the last quarter. 85.54% of the stock is owned by institutional investors.
In related news, VP Jack Anthony Lipar sold 5,791 shares of LGI Homes stock in a transaction on Friday, March 16th. The stock was sold at an average price of $63.80, for a total value of $369,465.80. Following the transaction, the vice president now owns 75,841 shares in the company, valued at $4,838,655.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ryan Edone bought 1,400 shares of LGI Homes stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average price of $56.36 per share, for a total transaction of $78,904.00. Following the acquisition, the director now directly owns 22,982 shares of the company’s stock, valued at approximately $1,295,265.52. The disclosure for this purchase can be found here. Insiders sold 114,432 shares of company stock worth $7,538,012 in the last quarter. 13.60% of the stock is owned by insiders.
Several equities research analysts have recently issued reports on LGIH shares. Wedbush upgraded LGI Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $59.51 to $73.00 in a report on Tuesday, February 13th. BidaskClub upgraded LGI Homes from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Zacks Investment Research cut LGI Homes from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, ValuEngine cut LGI Homes from a “buy” rating to a “hold” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.20.
LGIH stock opened at $59.28 on Friday. LGI Homes has a 52-week low of $57.60 and a 52-week high of $59.90. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.24 and a current ratio of 14.21. The firm has a market cap of $1.32 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.82 and a beta of 0.13.
LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, May 8th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.33. LGI Homes had a return on equity of 27.68% and a net margin of 9.38%. The business had revenue of $279.00 million for the quarter, compared to analysts’ expectations of $271.68 million. During the same quarter last year, the firm earned $0.52 earnings per share. The business’s revenue was up 71.3% on a year-over-year basis. equities research analysts predict that LGI Homes will post 6.45 EPS for the current fiscal year.
About LGI Homes
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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