SG Americas Securities LLC Raises Holdings in LGI Homes, Inc. $LGIH

SG Americas Securities LLC lifted its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 1,158.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 91,471 shares of the financial services provider’s stock after acquiring an additional 84,200 shares during the quarter. SG Americas Securities LLC’s holdings in LGI Homes were worth $3,930,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Voss Capital LP lifted its stake in LGI Homes by 33.3% in the third quarter. Voss Capital LP now owns 300,000 shares of the financial services provider’s stock worth $15,513,000 after acquiring an additional 75,000 shares during the period. Caxton Associates LLP purchased a new position in LGI Homes during the 2nd quarter valued at about $1,728,000. Tributary Capital Management LLC increased its position in LGI Homes by 93.1% during the 3rd quarter. Tributary Capital Management LLC now owns 386,072 shares of the financial services provider’s stock valued at $19,964,000 after purchasing an additional 186,159 shares during the period. Jump Financial LLC raised its holdings in shares of LGI Homes by 171.3% in the 2nd quarter. Jump Financial LLC now owns 87,515 shares of the financial services provider’s stock valued at $4,509,000 after purchasing an additional 55,259 shares in the last quarter. Finally, Commons Capital LLC bought a new stake in shares of LGI Homes in the 3rd quarter valued at about $593,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LGIH. Citizens Jmp increased their price objective on shares of LGI Homes from $85.00 to $95.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 7th. Citigroup reissued an “outperform” rating on shares of LGI Homes in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of LGI Homes in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, LGI Homes has a consensus rating of “Hold” and a consensus price target of $74.63.

Insider Buying and Selling

In other LGI Homes news, General Counsel Scott James Garber sold 1,353 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $42.04, for a total transaction of $56,880.12. Following the sale, the general counsel owned 21,716 shares in the company, valued at approximately $912,940.64. The trade was a 5.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Charles Michael Merdian sold 7,211 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $42.04, for a total value of $303,150.44. Following the completion of the transaction, the chief financial officer directly owned 20,540 shares in the company, valued at $863,501.60. This represents a 25.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,451 shares of company stock worth $943,840 in the last 90 days. Insiders own 12.60% of the company’s stock.

LGI Homes Stock Down 0.2%

NASDAQ:LGIH opened at $38.13 on Friday. The company has a current ratio of 20.98, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. LGI Homes, Inc. has a twelve month low of $33.55 and a twelve month high of $69.50. The company has a market cap of $881.95 million, a PE ratio of 12.18 and a beta of 1.86. The company’s 50 day moving average is $48.20 and its two-hundred day moving average is $48.36.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, February 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. LGI Homes had a net margin of 4.25% and a return on equity of 4.08%. The business had revenue of $473.97 million during the quarter, compared to analysts’ expectations of $479.60 million. During the same quarter last year, the company posted $2.15 earnings per share. The business’s quarterly revenue was down 15.0% on a year-over-year basis. Analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

About LGI Homes

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.