Quantum Capital Management LLC NJ increased its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,293 shares of the financial services provider’s stock after purchasing an additional 2,648 shares during the period. LGI Homes accounts for about 1.5% of Quantum Capital Management LLC NJ’s holdings, making the stock its 23rd biggest holding. Quantum Capital Management LLC NJ owned approximately 0.57% of LGI Homes worth $4,954,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its position in LGI Homes by 414.6% during the first quarter. LS Investment Advisors LLC now owns 3,103 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 2,500 shares during the last quarter. Victory Capital Management Inc. increased its position in LGI Homes by 85.3% during the first quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,422 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in LGI Homes by 14.2% during the first quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 402 shares during the last quarter. Mason Street Advisors LLC increased its position in LGI Homes by 7.0% during the first quarter. Mason Street Advisors LLC now owns 3,981 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 260 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in LGI Homes by 82.4% during the second quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 1,533 shares during the last quarter. Hedge funds and other institutional investors own 93.49% of the company’s stock.

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In other news, Director Bryan Christopher Sansbury sold 25,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $46.30, for a total transaction of $1,157,500.00. Following the transaction, the director now directly owns 159,551 shares of the company’s stock, valued at $7,387,211.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Thomas Lipar sold 10,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $42.59, for a total value of $425,900.00. Following the transaction, the chief executive officer now directly owns 524,175 shares in the company, valued at $22,324,613.25. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

LGIH has been the subject of several research analyst reports. Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Tuesday, July 18th. J P Morgan Chase & Co lowered shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Wednesday, August 9th. ValuEngine lowered shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Wells Fargo & Company upgraded shares of LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 price target for the company in a research note on Tuesday, May 16th. Finally, BidaskClub cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.00.

LGI Homes, Inc. (LGIH) traded down 0.72% during trading on Wednesday, reaching $45.38. 64,442 shares of the company were exchanged. The firm’s 50 day moving average is $44.82 and its 200 day moving average is $36.88. The stock has a market capitalization of $980.89 million, a PE ratio of 12.05 and a beta of 0.08. LGI Homes, Inc. has a 52-week low of $26.82 and a 52-week high of $49.95.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $317.63 million. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The company’s quarterly revenue was up 45.6% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Analysts expect that LGI Homes, Inc. will post $4.30 EPS for the current year.

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.

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

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