LGI Homes Inc (LGIH) : Zpr Investment Management reduced its stake in LGI Homes Inc by 3.25% during the most recent quarter end. The investment management company now holds a total of 224,825 shares of LGI Homes Inc which is valued at $7,682,270 after selling 7,550 shares in LGI Homes Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.LGI Homes Inc makes up approximately 8.89% of Zpr Investment Management’s portfolio.
Other Hedge Funds, Including , O’shaughnessy Asset Management reduced its stake in LGIH by selling 2,383 shares or 23.77% in the most recent quarter. The Hedge Fund company now holds 7,642 shares of LGIH which is valued at $261,127. LGI Homes Inc makes up approx 0.01% of O’shaughnessy Asset Management’s portfolio. Tower Research Capital (trc) added LGIH to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $10,251. Tradewinds Capital Management added LGIH to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $3,433.
LGI Homes Inc opened for trading at $38.47 and hit $39.16 on the upside on Thursday, eventually ending the session at $38.59, with a gain of 0.44% or 0.17 points. The heightened volatility saw the trading volume jump to 2,88,169 shares. Company has a market cap of $811 M.
On the company’s financial health, LGI Homes Inc reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.90. The company had revenue of $222.72 million for the quarter, compared to analysts expectations of $219.52 million. The company’s revenue was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 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.