LGI Homes, Inc. (NASDAQ:LGIH) Shares Sold by Fmr LLC

Fmr LLC trimmed its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 298,023 shares of the financial services provider’s stock after selling 6,375 shares during the period. Fmr LLC owned approximately 1.27% of LGI Homes worth $35,322,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LGIH. Innealta Capital LLC purchased a new position in shares of LGI Homes during the second quarter worth $39,000. First Horizon Advisors Inc. grew its position in LGI Homes by 32.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 108 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of LGI Homes during the 3rd quarter valued at about $43,000. KBC Group NV lifted its holdings in shares of LGI Homes by 29.8% in the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after buying an additional 168 shares during the period. Finally, CWM LLC boosted its stake in shares of LGI Homes by 27.5% in the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after buying an additional 187 shares during the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

LGI Homes Stock Down 0.3 %

LGIH opened at $105.42 on Monday. The company has a fifty day moving average of $108.31 and a two-hundred day moving average of $103.94. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 12.64 and a beta of 1.99. LGI Homes, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $136.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. The firm had revenue of $651.85 million for the quarter, compared to analysts’ expectations of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $2.84 EPS. On average, research analysts expect that LGI Homes, Inc. will post 8.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a research report on Wednesday, November 6th.

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.