LGI Homes, Inc. (NASDAQ:LGIH) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH – Get Rating) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,770 shares of the financial services provider’s stock after buying an additional 4,277 shares during the period. Citigroup Inc. owned approximately 0.10% of LGI Homes worth $2,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. MCF Advisors LLC acquired a new stake in LGI Homes during the 4th quarter worth approximately $26,000. IFP Advisors Inc acquired a new position in LGI Homes in the 4th quarter valued at $65,000. Arcadia Investment Management Corp MI acquired a new position in LGI Homes in the 4th quarter valued at $66,000. Quadrant Capital Group LLC raised its position in LGI Homes by 125.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 901 shares of the financial services provider’s stock worth $73,000 after buying an additional 501 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of LGI Homes in the 3rd quarter worth $83,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

LGI Homes Price Performance

LGIH stock opened at $115.19 on Thursday. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 9.90 and a beta of 1.69. The company has a current ratio of 7.82, a quick ratio of 0.25 and a debt-to-equity ratio of 0.62. LGI Homes, Inc. has a 12-month low of $71.73 and a 12-month high of $126.37. The firm has a 50 day moving average of $113.81 and a 200-day moving average of $106.48.

LGI Homes (NASDAQ:LGIH – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). The firm had revenue of $487.40 million for the quarter, compared to analyst estimates of $467.54 million. LGI Homes had a return on equity of 17.08% and a net margin of 12.24%. The company’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period last year, the firm earned $3.25 EPS. As a group, equities analysts expect that LGI Homes, Inc. will post 7.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of LGI Homes from $84.00 to $79.00 and set an “underweight” rating for the company in a report on Thursday, February 23rd. Wedbush decreased their price target on LGI Homes from $91.00 to $89.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 12th. StockNews.com started coverage on LGI Homes in a research report on Thursday, May 18th. They issued a “sell” rating for the company. BTIG Research boosted their target price on shares of LGI Homes from $73.00 to $77.00 in a research report on Wednesday, May 3rd. Finally, JMP Securities cut their price target on shares of LGI Homes from $140.00 to $130.00 and set a “market perform” rating for the company in a report on Tuesday, February 28th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $93.00.

Insider Buying and Selling

In related news, CEO Eric Thomas Lipar sold 38,373 shares of LGI Homes stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $104.39, for a total transaction of $4,005,757.47. Following the completion of the transaction, the chief executive officer now directly owns 605,796 shares in the company, valued at approximately $63,239,044.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Charles Michael Merdian sold 13,950 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $104.39, for a total value of $1,456,240.50. Following the completion of the transaction, the chief financial officer now owns 15,482 shares of the company’s stock, valued at approximately $1,616,165.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Thomas Lipar sold 38,373 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $104.39, for a total value of $4,005,757.47. Following the completion of the transaction, the chief executive officer now owns 605,796 shares of the company’s stock, valued at $63,239,044.44. The disclosure for this sale can be found here. Insiders sold 86,210 shares of company stock worth $8,999,462 in the last ninety days. Insiders own 12.40% of the company’s stock.

LGI Homes Company Profile

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LGI Homes, Inc engages in the design, construction, marketing, and sale of new homes. It focuses on the residential land development business. It operates through the following segments: Central, West, Southeast, Florida, Midwest, Mid-Atlantic, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.