EntryPoint Capital LLC Has $273,000 Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

EntryPoint Capital LLC raised its position in LGI Homes, Inc. (NASDAQ:LGIH) by 66.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,049 shares of the financial services provider’s stock after purchasing an additional 1,215 shares during the quarter. EntryPoint Capital LLC’s holdings in LGI Homes were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of LGI Homes by 112.9% in the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Stifel Financial Corp lifted its position in LGI Homes by 5.7% during the 3rd quarter. Stifel Financial Corp now owns 3,883 shares of the financial services provider’s stock worth $460,000 after buying an additional 211 shares in the last quarter. KBC Group NV lifted its position in LGI Homes by 51.6% during the 4th quarter. KBC Group NV now owns 1,110 shares of the financial services provider’s stock worth $99,000 after buying an additional 378 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of LGI Homes by 8.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,136 shares of the financial services provider’s stock worth $459,000 after buying an additional 402 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of LGI Homes by 5.0% in the 4th quarter. LPL Financial LLC now owns 11,399 shares of the financial services provider’s stock valued at $1,019,000 after acquiring an additional 546 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on LGIH. JMP Securities reiterated a “market outperform” rating and set a $160.00 target price on shares of LGI Homes in a report on Friday, January 10th. JPMorgan Chase & Co. dropped their price objective on LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Wedbush reissued a “neutral” rating and issued a $115.00 target price (down from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Finally, Seaport Res Ptn upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $118.33.

LGI Homes Stock Performance

LGIH opened at $65.73 on Friday. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 7.88 and a beta of 2.13. LGI Homes, Inc. has a 12-month low of $65.31 and a 12-month high of $125.83. The business has a 50 day moving average of $79.87 and a 200-day moving average of $95.71.

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 analysts’ consensus estimates of $2.31 by ($0.16). The company had revenue of $557.40 million for the quarter, compared to the consensus estimate of $588.56 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $2.19 earnings per share. On average, equities research analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Insider Activity at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of the business’s 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 completion of the sale, the chief operating officer now owns 27,102 shares in the company, valued at $2,058,125.88. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.30% of the stock is owned by company insiders.

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.