LGI Homes, Inc. (NASDAQ:LGIH) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 37.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,018 shares of the financial services provider’s stock after purchasing an additional 2,173 shares during the quarter. Sei Investments Co.’s holdings in LGI Homes were worth $718,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of LGI Homes by 112.9% in the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock valued at $31,000 after buying an additional 184 shares during the period. KBC Group NV lifted its holdings in LGI Homes by 51.6% in the 4th quarter. KBC Group NV now owns 1,110 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 378 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of LGI Homes during the 3rd quarter valued at about $229,000. XTX Topco Ltd acquired a new position in shares of LGI Homes in the 3rd quarter worth approximately $288,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of LGI Homes in the 3rd quarter worth approximately $334,000. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Trading Down 9.3 %

NASDAQ LGIH opened at $56.71 on Wednesday. The firm’s 50 day moving average price is $75.17 and its two-hundred day moving average price is $92.68. 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, Inc. has a twelve month low of $55.31 and a twelve month high of $125.83. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 6.80 and a beta of 1.99.

LGI Homes (NASDAQ:LGIH) last issued 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 analysts’ expectations of $588.56 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.19 EPS. Equities analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

Insider Activity

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction on 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 owns 27,102 shares of the company’s stock, valued at $2,058,125.88. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 12.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LGIH has been the topic of several recent research reports. Wedbush restated a “neutral” rating and issued a $115.00 price target (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 report on Monday, January 27th. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 target price on shares of LGI Homes in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. decreased their price target on LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $118.33.

LGI Homes Company 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.