LGI Homes, Inc. (NASDAQ:LGIH) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 5,154,068 shares, a decrease of 19.1% from the August 15th total of 6,371,959 shares. Approximately 30.0% of the company’s stock are short sold. Based on an average daily volume of 433,334 shares, the short-interest ratio is presently 11.9 days.

In related news, Director Bryan Christopher Sansbury sold 25,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $46.30, for a total value of $1,157,500.00. Following the completion of the sale, the director now directly owns 159,551 shares in the company, valued at approximately $7,387,211.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric Thomas Lipar sold 10,000 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $42.59, for a total value of $425,900.00. Following the completion of the sale, the chief executive officer now owns 524,175 shares of the company’s stock, valued at $22,324,613.25. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. LS Investment Advisors LLC raised its holdings in LGI Homes by 414.6% in the 1st quarter. LS Investment Advisors LLC now owns 3,103 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 2,500 shares during the period. Victory Capital Management Inc. raised its holdings in LGI Homes by 85.3% in the 1st quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 1,422 shares during the period. BNP Paribas Arbitrage SA raised its holdings in LGI Homes by 14.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 402 shares during the period. Mason Street Advisors LLC raised its holdings in LGI Homes by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,981 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 260 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in LGI Homes by 82.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 1,533 shares during the period. Hedge funds and other institutional investors own 93.37% of the company’s stock.

A number of equities analysts have weighed in on LGIH shares. Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research report on Tuesday, July 18th. ValuEngine cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. BidaskClub cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Wedbush raised shares of LGI Homes from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a research report on Thursday, August 31st. Finally, J P Morgan Chase & Co cut shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. LGI Homes has an average rating of “Buy” and a consensus price target of $47.00.

LGI Homes (NASDAQ LGIH) opened at 46.67 on Wednesday. The firm has a 50-day moving average of $45.04 and a 200-day moving average of $37.58. The stock has a market capitalization of $1.01 billion, a PE ratio of 12.39 and a beta of 0.08. LGI Homes has a 52-week low of $26.82 and a 52-week high of $49.95.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, August 8th. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.27 by $0.12. The firm had revenue of $324.20 million for the quarter, compared to the consensus estimate of $317.63 million. LGI Homes had a net margin of 9.22% and a return on equity of 23.65%. The business’s quarterly revenue was up 45.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. On average, equities analysts expect that LGI Homes will post $4.30 EPS for the current year.

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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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