Commonwealth Equity Services LLC acquired a new stake in shares of LGI Homes Inc (NASDAQ:LGIH) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,510 shares of the financial services provider’s stock, valued at approximately $1,447,000. Commonwealth Equity Services LLC owned about 0.09% of LGI Homes as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in LGI Homes by 384.7% during the fourth quarter. Advisor Group Inc. now owns 1,454 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,154 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in LGI Homes during the first quarter valued at approximately $126,000. Meadow Creek Investment Management LLC purchased a new stake in LGI Homes during the fourth quarter valued at approximately $172,000. Parametrica Management Ltd purchased a new stake in LGI Homes during the first quarter valued at approximately $211,000. Finally, Profund Advisors LLC purchased a new stake in LGI Homes during the first quarter valued at approximately $216,000. 90.01% of the stock is owned by hedge funds and other institutional investors.
Shares of LGI Homes opened at $56.91 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 1.10, a current ratio of 14.21 and a quick ratio of 1.24. The firm has a market capitalization of $1.28 billion, a PE ratio of 12.03, a PEG ratio of 0.80 and a beta of 0.08. LGI Homes Inc has a 1 year low of $37.40 and a 1 year high of $81.88.
In related news, CEO Eric Thomas Lipar sold 25,000 shares of the company’s stock in a transaction on Friday, April 6th. The shares were sold at an average price of $73.29, for a total transaction of $1,832,250.00. Following the completion of the transaction, the chief executive officer now owns 522,020 shares in the company, valued at $38,258,845.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 13.60% of the company’s stock.
A number of analysts have commented on LGIH shares. Zacks Investment Research cut shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. BidaskClub cut shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Saturday, March 3rd. Wedbush cut shares of LGI Homes from an “outperform” rating to a “neutral” rating and set a $73.00 price objective for the company. in a research note on Tuesday, April 10th. Finally, ValuEngine cut shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. LGI Homes presently has an average rating of “Hold” and a consensus target price of $67.20.
LGI Homes Company Profile
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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