Schonfeld Strategic Advisors LLC Has $951,000 Position in LGI Homes, Inc. (NASDAQ:LGIH)

Schonfeld Strategic Advisors LLC reduced its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 84.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,635 shares of the financial services provider’s stock after selling 59,137 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in LGI Homes were worth $951,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in LGI Homes by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider’s stock valued at $203,377,000 after buying an additional 54,039 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of LGI Homes by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider’s stock valued at $134,491,000 after purchasing an additional 6,706 shares in the last quarter. Wasatch Advisors LP boosted its position in LGI Homes by 2.7% in the 4th quarter. Wasatch Advisors LP now owns 1,395,710 shares of the financial services provider’s stock valued at $124,776,000 after buying an additional 36,608 shares during the last quarter. Khrom Capital Management LLC increased its position in LGI Homes by 19.4% in the fourth quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider’s stock worth $97,965,000 after purchasing an additional 177,698 shares during the period. Finally, River Road Asset Management LLC grew 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 worth $81,168,000 after buying an additional 212,468 shares during the period. Institutional investors own 84.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LGIH shares. Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and set a $140.00 target price on shares of LGI Homes in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective 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.

Insider Buying and Selling

In related news, COO Michael Larry Snider sold 1,105 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction 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 represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.30% of the stock is currently owned by insiders.

LGI Homes Stock Performance

Shares of LGIH opened at $55.63 on Friday. LGI Homes, Inc. has a one year low of $52.48 and a one year high of $125.83. The company has a market cap of $1.30 billion, a PE ratio of 6.67 and a beta of 1.93. The firm has a 50-day moving average of $63.51 and a 200-day moving average of $83.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.29). LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $351.42 million for the quarter, compared to the consensus estimate of $380.07 million. During the same period last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, equities analysts forecast that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

LGI Homes 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.