Gilder Gagnon Howe Co buys $68,401,115 stake in LGI Homes Inc (LGIH)

LGI Homes Inc (LGIH) : Gilder Gagnon Howe Co scooped up 636,102 additional shares in LGI Homes Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,968,944 shares of LGI Homes Inc which is valued at $68,401,115.LGI Homes Inc makes up approximately 1.26% of Gilder Gagnon Howe Co’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in LGIH in the latest quarter, The investment management firm added 2,745 additional shares and now holds a total of 32,395 shares of LGI Homes Inc which is valued at $1,125,402.Alps Advisors Inc reduced its stake in LGIH by selling 1,344 shares or 6.86% in the most recent quarter. The Hedge Fund company now holds 18,258 shares of LGIH which is valued at $650,898. LGI Homes Inc makes up approx 0.01% of Alps Advisors Inc’s portfolio.Albion Financial Group Ut boosted its stake in LGIH in the latest quarter, The investment management firm added 1,929 additional shares and now holds a total of 21,181 shares of LGI Homes Inc which is valued at $755,103. LGI Homes Inc makes up approx 0.13% of Albion Financial Group Ut’s portfolio. Simplex Trading sold out all of its stake in LGIH during the most recent quarter. The investment firm sold 355 shares of LGIH which is valued $11,850.

LGI Homes Inc closed down -1.67 points or -4.81% at $33.07 with 9,00,893 shares getting traded on Thursday. Post opening the session at $32.96, the shares hit an intraday low of $31.1 and an intraday high of $33.32 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, LGI Homes Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.52. The company had revenue of $162.50 million for the quarter, compared to analysts expectations of $167.57 million. The company’s revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

LGI Homes Inc. is a homebuilder. 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 and Colorado. The Company’s product offerings include entry-level homes sold under its LGI Homes brand and its move-up homes which are sold under Terrata Homes brand. Terrata Homes brand delivers move-in ready homes. It manages its homebuilding operations under four segments: Texas division Southwest division Southeast division and Florida division. Its Texas division includes Houston Dallas/Ft. Worth San Antonio and Austin operations; Southwest division includes Phoenix Tucson Albuquerque and Denver operations; Southeast division includes Atlanta and Charlotte operations and Florida division includes Tampa Orlando and Fort Myers operations. It has constructed and closed approximately 8500 homes. It has a total of around 453 completed homes and 578 homes in progress.

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