Grandeur Peak Global Advisors LLC lessened its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 1.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 133,426 shares of the financial services provider’s stock after selling 1,325 shares during the period. Grandeur Peak Global Advisors LLC owned 0.62% of LGI Homes worth $5,361,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of LGI Homes by 3.9% during the 2nd quarter. BlackRock Inc. now owns 2,493,251 shares of the financial services provider’s stock valued at $100,180,000 after acquiring an additional 92,633 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of LGI Homes by 4.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,837,651 shares of the financial services provider’s stock valued at $73,837,000 after acquiring an additional 75,115 shares during the period. Vanguard Group Inc. lifted its position in shares of LGI Homes by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 878,551 shares of the financial services provider’s stock valued at $35,299,000 after acquiring an additional 29,296 shares during the period. Heartland Advisors Inc. lifted its position in shares of LGI Homes by 3.7% during the 2nd quarter. Heartland Advisors Inc. now owns 727,800 shares of the financial services provider’s stock valued at $29,243,000 after acquiring an additional 25,800 shares during the period. Finally, FMR LLC acquired a new position in shares of LGI Homes during the 2nd quarter valued at $21,233,000. Institutional investors own 93.37% of the company’s stock.

LGI Homes, Inc. (NASDAQ LGIH) traded up 0.29% on Friday, reaching $52.28. 320,289 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $45.61 and its 200 day moving average price is $39.01. LGI Homes, Inc. has a 12 month low of $26.82 and a 12 month high of $54.84. The company has a market cap of $1.13 billion, a PE ratio of 13.88 and a beta of 0.12.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, August 8th. The financial services provider reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.12. LGI Homes had a net margin of 9.22% and a return on equity of 23.65%. The firm had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $317.63 million. During the same quarter in the previous year, the business posted $0.96 EPS. The company’s quarterly revenue was up 45.6% on a year-over-year basis. On average, equities analysts expect that LGI Homes, Inc. will post $4.40 EPS for the current fiscal year.

In other news, CEO Eric Thomas Lipar sold 10,000 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $42.59, for a total transaction of $425,900.00. Following the sale, the chief executive officer now owns 524,175 shares in the company, valued at approximately $22,324,613.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Larry Snider sold 3,500 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $45.81, for a total transaction of $160,335.00. Following the sale, the insider now owns 191,948 shares in the company, valued at approximately $8,793,137.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,500 shares of company stock worth $1,743,735. Company insiders own 13.60% of the company’s stock.

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A number of research firms recently issued reports on LGIH. Wedbush downgraded shares of LGI Homes from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $49.00 in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. J P Morgan Chase & Co downgraded shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research report on Wednesday, August 9th. Deutsche Bank AG boosted their target price on shares of LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of LGI Homes from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 12th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. LGI Homes currently has a consensus rating of “Buy” and a consensus target price of $47.00.

LGI Homes Profile

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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