Covey Capital Advisors LLC Has $411,000 Stake in LGI Homes, Inc. (NASDAQ:LGIH)

Covey Capital Advisors LLC continued to hold its position in LGI Homes, Inc. (NASDAQ:LGIH) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,230 shares of the financial services provider’s stock at the close of the 2nd quarter. Covey Capital Advisors LLC’s holdings in LGI Homes were worth $411,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC grew its holdings in LGI Homes by 414.6% during the 1st quarter. LS Investment Advisors LLC now owns 3,103 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 2,500 shares in the last quarter. Victory Capital Management Inc. boosted its stake in LGI Homes by 85.3% during the 1st quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 1,422 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in LGI Homes by 14.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 402 shares during the last quarter. Mason Street Advisors LLC boosted its stake in LGI Homes by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,981 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 260 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in LGI Homes by 82.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 1,533 shares during the last quarter. 93.37% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on LGIH. Wedbush reiterated an “outperform” rating on shares of LGI Homes in a research note on Saturday, September 16th. BidaskClub downgraded shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research cut shares of LGI Homes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 12th. Deutsche Bank AG raised their target price on shares of LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, J P Morgan Chase & Co cut shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research note 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. The company currently has an average rating of “Buy” and an average target price of $47.00.

In other news, insider Michael Larry Snider sold 3,500 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $45.81, for a total transaction of $160,335.00. Following the transaction, the insider now directly owns 191,948 shares in the company, valued at approximately $8,793,137.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bryan Christopher Sansbury sold 25,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $46.30, for a total value of $1,157,500.00. Following the sale, the director now owns 159,551 shares of the company’s stock, valued at $7,387,211.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,500 shares of company stock worth $1,743,735. 13.60% of the stock is currently owned by corporate insiders.

WARNING: “Covey Capital Advisors LLC Has $411,000 Stake in LGI Homes, Inc. (NASDAQ:LGIH)” was first published by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/lgi-homes-inc-lgih-position-held-by-covey-capital-advisors-llc/1602116.html.

LGI Homes, Inc. (NASDAQ:LGIH) opened at 45.31 on Friday. LGI Homes, Inc. has a one year low of $26.82 and a one year high of $49.95. The firm has a market capitalization of $979.38 million, a PE ratio of 12.03 and a beta of 0.08. The firm has a 50 day moving average of $45.04 and a 200 day moving average of $37.58.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.12. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The business had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $317.63 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The business’s revenue was up 45.6% on a year-over-year basis. Equities analysts forecast that LGI Homes, Inc. will post $4.29 EPS for the current year.

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.

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

Receive News & Ratings for LGI Homes Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LGI Homes Inc. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.