Polen Capital Management LLC Sells 3,330 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Polen Capital Management LLC decreased its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,100 shares of the financial services provider’s stock after selling 3,330 shares during the period. Polen Capital Management LLC owned about 0.07% of LGI Homes worth $1,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. KBC Group NV boosted its holdings in LGI Homes by 29.8% in the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after buying an additional 168 shares during the period. Blue Trust Inc. lifted its position in shares of LGI Homes by 112.9% in the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 184 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of LGI Homes by 5.7% in the third quarter. Stifel Financial Corp now owns 3,883 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 211 shares during the period. PNC Financial Services Group Inc. grew its position in shares of LGI Homes by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,136 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 402 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in LGI Homes by 5.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 11,655 shares of the financial services provider’s stock valued at $1,042,000 after purchasing an additional 629 shares during the period. Hedge funds and other institutional investors own 84.89% of the company’s stock.

Insider Buying and Selling at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction of $83,913.70. Following the transaction, the chief operating officer now owns 27,102 shares of the company’s stock, valued at approximately $2,058,125.88. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 12.40% of the company’s stock.

LGI Homes Stock Up 1.8 %

Shares of NASDAQ:LGIH opened at $71.86 on Monday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 8.62 and a beta of 2.13. LGI Homes, Inc. has a 12 month low of $68.66 and a 12 month high of $125.83. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $83.20 and a 200 day moving average price of $98.01.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.16). The company had revenue of $557.40 million during the quarter, compared to analysts’ expectations of $588.56 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. LGI Homes’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.19 EPS. As a group, equities research analysts predict that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on LGIH. JPMorgan Chase & Co. lowered their target price on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of LGI Homes in a research note on Friday, January 10th. Wedbush restated a “neutral” rating and set a $115.00 price objective (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Finally, Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $118.33.

LGI Homes Company Profile

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.