LGI Homes Target of Unusually High Options Trading (LGIH)

LGI Homes Inc (NASDAQ:LGIH) was the recipient of unusually large options trading activity on Thursday. Traders purchased 604 put options on the stock. This is an increase of approximately 586% compared to the typical volume of 88 put options.

Shares of LGI Homes (NASDAQ LGIH) opened at $71.64 on Friday. The company has a quick ratio of 0.86, a current ratio of 8.91 and a debt-to-equity ratio of 1.04. The firm has a market cap of $1,527.30, a P/E ratio of 16.26, a P/E/G ratio of 1.40 and a beta of 0.27. LGI Homes has a fifty-two week low of $26.82 and a fifty-two week high of $71.96.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. The business had revenue of $365.90 million during the quarter, compared to analyst estimates of $355.81 million. LGI Homes had a net margin of 9.26% and a return on equity of 25.51%. LGI Homes’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. research analysts expect that LGI Homes will post 4.56 EPS for the current year.

In other news, CEO Eric Thomas Lipar sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $54.27, for a total transaction of $1,356,750.00. Following the completion of the sale, the chief executive officer now owns 504,593 shares of the company’s stock, valued at $27,384,262.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Larry Snider sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $62.75, for a total transaction of $1,255,000.00. The disclosure for this sale can be found here. Insiders sold 71,601 shares of company stock valued at $4,233,916 in the last three months. Company insiders own 13.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of LGI Homes in the third quarter valued at approximately $323,000. Boothbay Fund Management LLC acquired a new stake in shares of LGI Homes in the third quarter valued at approximately $1,228,000. Stifel Financial Corp acquired a new stake in shares of LGI Homes in the third quarter valued at approximately $216,000. Dimensional Fund Advisors LP increased its holdings in shares of LGI Homes by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 60,908 shares of the financial services provider’s stock valued at $2,958,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Moody Aldrich Partners LLC increased its holdings in shares of LGI Homes by 15.5% in the third quarter. Moody Aldrich Partners LLC now owns 16,245 shares of the financial services provider’s stock valued at $789,000 after purchasing an additional 2,180 shares in the last quarter. 92.01% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. TheStreet raised shares of LGI Homes from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Zacks Investment Research lowered shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. JMP Securities raised their price objective on shares of LGI Homes from $62.00 to $68.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 8th. Wedbush reaffirmed a “neutral” rating and set a $60.00 price objective (up previously from $55.00) on shares of LGI Homes in a report on Wednesday, November 8th. Finally, ValuEngine raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $54.33.

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LGI Homes Company 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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