LGI Homes Inc (NASDAQ:LGIH) Shares Acquired by UBS Group AG

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UBS Group AG grew its holdings in LGI Homes Inc (NASDAQ:LGIH) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,827 shares of the financial services provider’s stock after acquiring an additional 5,619 shares during the period. UBS Group AG owned about 0.56% of LGI Homes worth $9,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Balyasny Asset Management LLC grew its stake in shares of LGI Homes by 119.5% during the second quarter. Balyasny Asset Management LLC now owns 366,770 shares of the financial services provider’s stock worth $26,198,000 after purchasing an additional 199,664 shares in the last quarter. Wasatch Advisors Inc. grew its stake in shares of LGI Homes by 14.6% during the second quarter. Wasatch Advisors Inc. now owns 1,512,176 shares of the financial services provider’s stock worth $108,015,000 after purchasing an additional 192,634 shares in the last quarter. BlackRock Inc. boosted its stake in LGI Homes by 6.6% in the second quarter. BlackRock Inc. now owns 3,082,158 shares of the financial services provider’s stock valued at $220,160,000 after acquiring an additional 191,656 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in LGI Homes by 500.2% in the second quarter. Nuveen Asset Management LLC now owns 109,338 shares of the financial services provider’s stock valued at $7,810,000 after acquiring an additional 91,121 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in LGI Homes in the first quarter valued at $3,678,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

In other news, CEO Eric Thomas Lipar sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $80.28, for a total value of $2,007,000.00. Following the completion of the sale, the chief executive officer now directly owns 528,058 shares of the company’s stock, valued at $42,392,496.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bryan Christopher Sansbury sold 8,949 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $80.91, for a total transaction of $724,063.59. Following the completion of the sale, the director now directly owns 160,121 shares of the company’s stock, valued at $12,955,390.11. The disclosure for this sale can be found here. 13.40% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:LGIH opened at $82.39 on Wednesday. The company has a 50-day simple moving average of $81.29 and a 200-day simple moving average of $72.76. LGI Homes Inc has a one year low of $37.16 and a one year high of $87.19. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.34 and a current ratio of 15.20. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 12.97 and a beta of 0.49.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.20. LGI Homes had a net margin of 9.31% and a return on equity of 21.68%. The business had revenue of $461.83 million during the quarter, compared to analysts’ expectations of $465.08 million. During the same period in the prior year, the company earned $1.90 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, research analysts forecast that LGI Homes Inc will post 6.73 EPS for the current fiscal year.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of LGI Homes from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $77.00 to $84.50 in a research note on Wednesday, September 11th. ValuEngine downgraded shares of LGI Homes from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. BidaskClub upgraded shares of LGI Homes from a “hold” rating to a “buy” rating in a research note on Wednesday, September 25th. Wells Fargo & Co upped their price objective on shares of LGI Homes from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Finally, JMP Securities upped their price objective on shares of LGI Homes from $83.00 to $89.00 and gave the company a “market outperform” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.30.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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

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