Boothbay Fund Management LLC Invests $1.23 Million in LGI Homes Inc (LGIH) Stock

Boothbay Fund Management LLC acquired a new stake in shares of LGI Homes Inc (NASDAQ:LGIH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 25,276 shares of the financial services provider’s stock, valued at approximately $1,228,000. Boothbay Fund Management LLC owned approximately 0.12% of LGI Homes at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LGIH. State of Alaska Department of Revenue lifted its stake in LGI Homes by 82.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 1,533 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of LGI Homes by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,633 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 543 shares during the period. SG Americas Securities LLC bought a new stake in shares of LGI Homes during the 3rd quarter worth $199,000. BNP Paribas Arbitrage SA raised its stake in shares of LGI Homes by 56.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,069 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 1,831 shares during the period. Finally, LS Investment Advisors LLC raised its stake in shares of LGI Homes by 37.3% during the 3rd quarter. LS Investment Advisors LLC now owns 4,214 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 1,145 shares during the period. Institutional investors and hedge funds own 92.01% of the company’s stock.

In related news, insider Michael Larry Snider sold 3,500 shares of LGI Homes stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $45.81, for a total value of $160,335.00. Following the completion of the sale, the insider now owns 191,948 shares of the company’s stock, valued at approximately $8,793,137.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $54.27, for a total value of $1,356,750.00. Following the completion of the sale, the chief executive officer now directly owns 504,593 shares of the company’s stock, valued at approximately $27,384,262.11. The disclosure for this sale can be found here. In the last three months, insiders sold 71,601 shares of company stock valued at $4,233,916. 13.60% of the stock is currently owned by insiders.

A number of research firms have recently commented on LGIH. Zacks Investment Research cut LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. ValuEngine upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Wedbush cut LGI Homes from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $49.00 in a research note on Tuesday, October 3rd. BidaskClub cut LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Finally, TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. LGI Homes currently has a consensus rating of “Buy” and a consensus target price of $54.33.

Shares of LGI Homes Inc (LGIH) opened at $70.26 on Friday. LGI Homes Inc has a twelve month low of $26.82 and a twelve month high of $71.96. The firm has a market capitalization of $1,452.96, a PE ratio of 15.47, a P/E/G ratio of 1.34 and a beta of 0.27. The company has a quick ratio of 0.86, a current ratio of 8.91 and a debt-to-equity ratio of 1.04.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The company had revenue of $365.90 million during the quarter, compared to analyst estimates of $355.81 million. During the same quarter last year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. analysts forecast that LGI Homes Inc will post 4.54 earnings per share for the current year.

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LGI Homes Profile

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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