Hsbc Holdings PLC Has $219,000 Position in LGI Homes, Inc. (NASDAQ:LGIH)

Hsbc Holdings PLC decreased its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,430 shares of the financial services provider’s stock after selling 200 shares during the quarter. Hsbc Holdings PLC’s holdings in LGI Homes were worth $219,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in LGI Homes by 131.4% in the third quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider’s stock valued at $13,222,000 after acquiring an additional 63,346 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 54,039 shares during the last quarter. River Road Asset Management LLC raised its stake in shares of LGI Homes by 30.6% during the fourth 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 last quarter. Raymond James Financial Inc. acquired a new position in LGI Homes in the fourth quarter valued at approximately $15,507,000. Finally, Proficio Capital Partners LLC bought a new position in LGI Homes in the fourth quarter valued at approximately $1,934,000. 84.89% of the stock is currently owned by institutional investors.

LGI Homes Stock Performance

Shares of LGI Homes stock opened at $55.31 on Friday. LGI Homes, Inc. has a 12 month low of $52.48 and a 12 month high of $125.83. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.29 billion, a PE ratio of 6.63 and a beta of 1.93. The stock’s fifty day simple moving average is $63.20 and its 200 day simple moving average is $83.41.

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

Analysts Set New Price Targets

LGIH has been the topic of a number of analyst reports. Seaport Res Ptn raised LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. JMP Securities restated 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 target on LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th.

Insider Transactions at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.30% of the stock is owned by insiders.

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.