English Capital Management LLC Buys 2,224 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

English Capital Management LLC lifted its position in LGI Homes, Inc. (NASDAQ:LGIH) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,860 shares of the financial services provider’s stock after buying an additional 2,224 shares during the quarter. LGI Homes makes up approximately 2.4% of English Capital Management LLC’s portfolio, making the stock its 24th biggest holding. English Capital Management LLC owned approximately 0.15% of LGI Homes worth $3,206,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN grew its position in LGI Homes by 3.7% during the third quarter. Disciplined Growth Investors Inc. MN now owns 939,504 shares of the financial services provider’s stock worth $111,350,000 after buying an additional 33,306 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of LGI Homes by 30.6% during the 4th quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider’s stock valued at $81,168,000 after acquiring an additional 212,468 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of LGI Homes by 1.5% during the third quarter. Geode Capital Management LLC now owns 497,039 shares of the financial services provider’s stock worth $58,920,000 after purchasing an additional 7,129 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of LGI Homes by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 376,793 shares of the financial services provider’s stock worth $33,685,000 after purchasing an additional 27,652 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in LGI Homes in the fourth quarter valued at approximately $15,507,000. 84.89% of the stock is currently owned by institutional investors.

LGI Homes Price Performance

LGIH stock opened at $70.88 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The firm has a market cap of $1.66 billion, a P/E ratio of 8.50 and a beta of 2.13. The firm’s fifty day moving average is $81.90 and its 200 day moving average is $96.87. LGI Homes, Inc. has a 52 week low of $68.66 and a 52 week high of $125.83.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $2.15 EPS for the quarter, missing the consensus estimate 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%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.19 EPS. Research analysts predict that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target 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. Seaport Res Ptn raised LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. JMP Securities restated a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a research report on Friday, January 10th. Finally, Wedbush reiterated a “neutral” rating and issued a $115.00 price objective (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, LGI Homes currently has a consensus rating of “Hold” and a consensus price target of $118.33.

Insiders Place Their Bets

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $75.94, for a total value of $83,913.70. Following the sale, the chief operating officer now owns 27,102 shares of the company’s stock, valued at $2,058,125.88. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.40% of the company’s stock.

About LGI Homes

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.