Shaker Investments LLC OH reduced its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,525 shares of the financial services provider’s stock after selling 8,650 shares during the quarter. LGI Homes comprises 2.3% of Shaker Investments LLC OH’s investment portfolio, making the stock its 12th largest position. Shaker Investments LLC OH owned approximately 0.31% of LGI Homes worth $3,280,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Alps Advisors Inc. boosted its position in shares of LGI Homes by 0.3% during the second quarter. Alps Advisors Inc. now owns 15,333 shares of the financial services provider’s stock valued at $616,000 after purchasing an additional 40 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of LGI Homes by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in shares of LGI Homes by 1.1% during the second quarter. Arizona State Retirement System now owns 9,000 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 100 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of LGI Homes by 0.7% during the second quarter. California State Teachers Retirement System now owns 30,595 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 200 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of LGI Homes by 2.3% during the second quarter. Texas Permanent School Fund now owns 12,616 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 93.38% of the company’s stock.

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Shares of LGI Homes, Inc. (NASDAQ LGIH) traded up $0.10 during trading hours on Friday, reaching $60.11. The company’s stock had a trading volume of 216,906 shares, compared to its average volume of 257,782. LGI Homes, Inc. has a 1-year low of $26.82 and a 1-year high of $61.66. The company has a quick ratio of 0.91, a current ratio of 11.06 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1,299.34, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.23 and a beta of 0.20.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.12. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The company had revenue of $324.20 million during the quarter, compared to the consensus estimate of $317.63 million. During the same quarter last year, the firm earned $0.96 earnings per share. The company’s revenue was up 45.6% on a year-over-year basis. sell-side analysts predict that LGI Homes, Inc. will post 4.44 EPS for the current fiscal year.

LGIH has been the topic of several research reports. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, July 18th. BidaskClub lowered LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Wedbush upgraded LGI Homes from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Thursday, August 31st. ValuEngine upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Finally, J P Morgan Chase & Co lowered LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. LGI Homes currently has a consensus rating of “Buy” and a consensus price target of $49.40.

In other news, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $54.27, for a total transaction of $1,356,750.00. Following the completion of the sale, the chief executive officer now owns 504,593 shares of the company’s stock, valued at $27,384,262.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Larry Snider sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $45.81, for a total value of $160,335.00. Following the completion of the transaction, the insider now directly owns 191,948 shares of the company’s stock, valued at approximately $8,793,137.88. The disclosure for this sale can be found here. Insiders have sold 53,500 shares of company stock valued at $2,674,585 in the last three months. Insiders own 13.60% of the company’s stock.

LGI Homes Company 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.

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

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