Carillon Tower Advisers Inc. Raises Position in LGI Homes Inc (NASDAQ:LGIH)

Carillon Tower Advisers Inc. raised its holdings in shares of LGI Homes Inc (NASDAQ:LGIH) by 205.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 193,801 shares of the financial services provider’s stock after acquiring an additional 130,346 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in LGI Homes were worth $16,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System boosted its stake in shares of LGI Homes by 1.5% during the 3rd quarter. New York State Teachers Retirement System now owns 13,119 shares of the financial services provider’s stock worth $1,093,000 after acquiring an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of LGI Homes by 21.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,187 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 206 shares during the last quarter. Prudential Financial Inc. raised its position in shares of LGI Homes by 0.8% during the 2nd quarter. Prudential Financial Inc. now owns 30,256 shares of the financial services provider’s stock valued at $2,161,000 after purchasing an additional 246 shares during the period. Brookstone Capital Management raised its position in shares of LGI Homes by 4.9% during the 2nd quarter. Brookstone Capital Management now owns 7,024 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 330 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of LGI Homes by 17.2% during the 3rd quarter. SG Americas Securities LLC now owns 2,496 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 366 shares during the period. Institutional investors and hedge funds own 95.31% of the company’s stock.

Shares of LGIH stock opened at $71.63 on Tuesday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 11.34 and a beta of 0.47. LGI Homes Inc has a one year low of $37.77 and a one year high of $89.00. The company’s fifty day moving average price is $81.61 and its 200-day moving average price is $75.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 14.90 and a quick ratio of 1.16.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.04. The firm had revenue of $483.10 million for the quarter, compared to the consensus estimate of $486.83 million. LGI Homes had a net margin of 9.43% and a return on equity of 22.07%. The company’s revenue was up 27.0% on a year-over-year basis. During the same period last year, the firm earned $1.52 EPS. Equities research analysts expect that LGI Homes Inc will post 6.72 earnings per share for the current fiscal year.

Several brokerages have recently commented on LGIH. BTIG Research raised their price objective on shares of LGI Homes from $62.00 to $65.00 and gave the company a “sell” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. downgraded shares of LGI Homes from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $77.00 to $84.50 in a research report on Wednesday, September 11th. BidaskClub downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. ValuEngine downgraded shares of LGI Homes from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 5th. Finally, JMP Securities raised their price objective on shares of LGI Homes from $83.00 to $89.00 and gave the company a “market outperform” rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $83.30.

In other LGI Homes news, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $80.28, for a total value of $2,007,000.00. Following the sale, the chief executive officer now directly owns 528,058 shares in the company, valued at approximately $42,392,496.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bryan Christopher Sansbury sold 8,949 shares of LGI Homes stock in a transaction on Monday, September 9th. The shares were sold at an average price of $80.91, for a total transaction of $724,063.59. Following the completion of the sale, the director now owns 160,121 shares in the company, valued at $12,955,390.11. The disclosure for this sale can be found here. 13.40% of the stock is owned by company insiders.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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

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