Goldman Sachs Group Inc. Sells 39,287 Shares of LGI Homes Inc (LGIH)

Goldman Sachs Group Inc. lowered its stake in LGI Homes Inc (NASDAQ:LGIH) by 39.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,255 shares of the financial services provider’s stock after selling 39,287 shares during the quarter. Goldman Sachs Group Inc. owned about 0.27% of LGI Homes worth $4,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of LGIH. Advisor Group Inc. raised its stake in shares of LGI Homes by 384.7% in the fourth quarter. Advisor Group Inc. now owns 1,454 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,154 shares during the period. Midas Management Corp bought a new stake in LGI Homes during the 4th quarter valued at approximately $191,000. SG Americas Securities LLC bought a new stake in LGI Homes during the 3rd quarter valued at approximately $199,000. Stifel Financial Corp bought a new stake in LGI Homes during the 3rd quarter valued at approximately $216,000. Finally, CAPROCK Group Inc. bought a new stake in LGI Homes during the 4th quarter valued at approximately $217,000. 84.84% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of LGIH opened at $73.21 on Monday. The company has a market cap of $1,634.93, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.09 and a beta of 0.13. LGI Homes Inc has a 12-month low of $28.57 and a 12-month high of $79.55. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 9.16.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.03. LGI Homes had a return on equity of 26.41% and a net margin of 9.01%. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $377.46 million. During the same quarter last year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 71.0% on a year-over-year basis. equities analysts expect that LGI Homes Inc will post 6.11 EPS for the current year.

In other LGI Homes news, insider Michael Larry Snider sold 20,781 shares of LGI Homes stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $63.80, for a total value of $1,325,827.80. Following the sale, the insider now owns 221,324 shares of the company’s stock, valued at approximately $14,120,471.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric Thomas Lipar sold 40,208 shares of LGI Homes stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $63.80, for a total value of $2,565,270.40. Following the completion of the sale, the chief executive officer now directly owns 577,630 shares in the company, valued at approximately $36,852,794. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,432 shares of company stock worth $7,506,512. Corporate insiders own 13.60% of the company’s stock.

Several analysts recently issued reports on LGIH shares. ValuEngine raised LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised LGI Homes from a “hold” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a research note on Thursday, January 4th. BidaskClub downgraded LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, Wedbush raised LGI Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $59.51 to $73.00 in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $61.50.

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LGI Homes 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.

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

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