Knights of Columbus Asset Advisors LLC Buys 17,811 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Knights of Columbus Asset Advisors LLC grew its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 102.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,149 shares of the financial services provider’s stock after purchasing an additional 17,811 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.15% of LGI Homes worth $4,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its holdings in LGI Homes by 2.6% during the second quarter. Sei Investments Co. now owns 3,576 shares of the financial services provider’s stock worth $482,000 after buying an additional 89 shares during the last quarter. First National Bank of Omaha increased its stake in shares of LGI Homes by 0.6% during the 2nd quarter. First National Bank of Omaha now owns 14,405 shares of the financial services provider’s stock worth $1,943,000 after purchasing an additional 92 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of LGI Homes by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,306 shares of the financial services provider’s stock valued at $1,120,000 after purchasing an additional 97 shares during the period. Financial Management Professionals Inc. lifted its stake in LGI Homes by 27.3% in the 4th quarter. Financial Management Professionals Inc. now owns 537 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 115 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in LGI Homes by 1.4% in the 3rd quarter. LPL Financial LLC now owns 8,440 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 84.89% of the company’s stock.

Insider Transactions at LGI Homes

In related news, General Counsel Scott James Garber sold 1,212 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.95, for a total transaction of $135,683.40. Following the completion of the sale, the general counsel now owns 13,824 shares of the company’s stock, valued at $1,547,596.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Charles Michael Merdian sold 6,361 shares of LGI Homes stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $712,113.95. Following the transaction, the chief financial officer now owns 9,458 shares in the company, valued at approximately $1,058,823.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Scott James Garber sold 1,212 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $135,683.40. Following the transaction, the general counsel now directly owns 13,824 shares of the company’s stock, valued at approximately $1,547,596.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,435 shares of company stock valued at $2,944,291. 12.40% of the stock is owned by corporate insiders.

LGI Homes Stock Performance

NASDAQ:LGIH opened at $93.38 on Friday. The stock has a 50 day simple moving average of $110.44 and a 200 day simple moving average of $113.48. The stock has a market cap of $2.20 billion, a P/E ratio of 11.09 and a beta of 1.83. LGI Homes, Inc. has a 1-year low of $84.15 and a 1-year high of $141.91. The company has a current ratio of 10.66, a quick ratio of 0.42 and a debt-to-equity ratio of 0.67.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.35). The business had revenue of $608.41 million during the quarter, compared to analyst estimates of $663.95 million. LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Research analysts anticipate that LGI Homes, Inc. will post 9.24 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on LGIH. JMP Securities restated a “market outperform” rating and issued a $160.00 price objective on shares of LGI Homes in a research note on Friday, April 5th. StockNews.com downgraded LGI Homes from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Wedbush reiterated an “underperform” rating and issued a $74.00 price objective (down from $88.00) on shares of LGI Homes in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, LGI Homes has an average rating of “Hold” and an average target price of $110.50.

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.