Teachers Retirement System of The State of Kentucky continued to hold its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,600 shares of the financial services provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in LGI Homes were worth $258,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in shares of LGI Homes by 15.2% in the first quarter. Goldman Sachs Group Inc. now owns 66,980 shares of the financial services provider’s stock valued at $2,271,000 after buying an additional 8,841 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of LGI Homes during the first quarter valued at about $434,000. Level Four Advisory Services LLC raised its stake in shares of LGI Homes by 15.2% in the first quarter. Level Four Advisory Services LLC now owns 17,028 shares of the financial services provider’s stock valued at $576,000 after buying an additional 2,253 shares in the last quarter. Bank of America Corp DE raised its stake in shares of LGI Homes by 119.3% in the first quarter. Bank of America Corp DE now owns 31,296 shares of the financial services provider’s stock valued at $1,061,000 after buying an additional 17,027 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of LGI Homes by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 66,277 shares of the financial services provider’s stock valued at $2,248,000 after buying an additional 3,744 shares in the last quarter. 87.66% of the stock is owned by hedge funds and other institutional investors.

Shares of LGI Homes, Inc. (LGIH) traded down 0.09% during midday trading on Thursday, reaching $46.02. The company had a trading volume of 123,156 shares. LGI Homes, Inc. has a 1-year low of $26.82 and a 1-year high of $49.95. The company’s 50-day moving average is $42.56 and its 200-day moving average is $34.49. The stock has a market capitalization of $994.72 million, a PE ratio of 12.22 and a beta of 0.07.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.12. The company had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $317.63 million. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. LGI Homes’s revenue for the quarter was up 45.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, equities research analysts forecast that LGI Homes, Inc. will post $4.17 EPS for the current year.

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Several brokerages have recently issued reports on LGIH. Deutsche Bank AG raised their target price on LGI Homes to $55.00 and gave the company a “buy” rating in a research report on Thursday. J P Morgan Chase & Co lowered LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price for the company. in a research report on Wednesday. BidaskClub raised LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research report on Tuesday, July 18th. Finally, Wedbush reaffirmed a “neutral” rating and set a $35.00 target price on shares of LGI Homes in a research report on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. LGI Homes has an average rating of “Buy” and a consensus price target of $44.20.

In related news, CEO Eric Thomas Lipar sold 10,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $42.59, for a total transaction of $425,900.00. Following the completion of the sale, the chief executive officer now owns 524,175 shares in the company, valued at $22,324,613.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.60% of the stock is currently owned by corporate insiders.

About LGI Homes

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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