Heartland Advisors INC Has Lowered Lgi Homes INC (LGIH) Position by $14.77 Million

January 13, 2018 - By Nellie Frank

Investors sentiment decreased to 1.09 in 2017 Q3. Its down 0.02, from 1.11 in 2017Q2. It turned negative, as 14 investors sold LGIH shares while 53 reduced holdings. 31 funds opened positions while 42 raised stakes. 19.37 million shares or 3.04% less from 19.98 million shares in 2017Q2 were reported. Cap Growth Lp reported 470,000 shares or 1% of all its holdings. Keybank Association Oh has 11,832 shares. 43,930 were accumulated by Nordea Inv Mngmt. Lord Abbett & Co Lc accumulated 267,644 shares or 0.04% of the stock. Principal Gp stated it has 143,208 shares. Illinois-based Peak6 Invests Limited Partnership has invested 0% in LGI Homes, Inc. (NASDAQ:LGIH). 85,807 were accumulated by Schwab Charles Mngmt. 45,665 were reported by D E Shaw. Campbell Newman Asset Mgmt Inc has 0.11% invested in LGI Homes, Inc. (NASDAQ:LGIH). Thrivent Fincl For Lutherans holds 0% or 10,520 shares in its portfolio. 45 were accumulated by Glenmede Na. Scout Investments Inc has 0.06% invested in LGI Homes, Inc. (NASDAQ:LGIH). Tower Rech Lc (Trc) reported 1,754 shares. Manufacturers Life Insurance Com The holds 0.01% or 112,324 shares in its portfolio. First Dallas Securities stated it has 9,400 shares or 0.32% of all its holdings.

Since August 14, 2017, it had 0 insider buys, and 3 selling transactions for $2.67 million activity. Lipar Eric Thomas had sold 25,000 shares worth $1.36 million. $1.16M worth of LGI Homes, Inc. (NASDAQ:LGIH) shares were sold by Sansbury Bryan Christopher.

Heartland Advisors Inc decreased its stake in Lgi Homes Inc (LGIH) by 42.28% based on its latest 2017Q3 regulatory filing with the SEC. Heartland Advisors Inc sold 307,750 shares as the company’s stock rose 12.47% with the market. The institutional investor held 420,050 shares of the capital goods company at the end of 2017Q3, valued at $20.40M, down from 727,800 at the end of the previous reported quarter. Heartland Advisors Inc who had been investing in Lgi Homes Inc for a number of months, seems to be less bullish one the $1.64 billion market cap company. The stock decreased 1.59% or $1.22 during the last trading session, reaching $75.6. About 268,774 shares traded. LGI Homes, Inc. (NASDAQ:LGIH) has risen 30.68% since January 13, 2017 and is uptrending. It has outperformed by 13.98% the S&P500.

Analysts await LGI Homes, Inc. (NASDAQ:LGIH) to report earnings on March, 6. They expect $1.24 earnings per share, up 22.77 % or $0.23 from last year’s $1.01 per share. LGIH’s profit will be $26.95 million for 15.24 P/E if the $1.24 EPS becomes a reality. After $1.40 actual earnings per share reported by LGI Homes, Inc. for the previous quarter, Wall Street now forecasts -11.43 % negative EPS growth.

More notable recent LGI Homes, Inc. (NASDAQ:LGIH) news were published by: Globenewswire.com which released: “LGI Homes, Inc. Announces Record December, 4th Quarter, and Year End 2017 Home …” on January 05, 2018, also Globenewswire.com with their article: “LGI Homes Expands Into New Community in Dallas” published on January 11, 2018, Globenewswire.com published: “LGI Homes Now Open at Newport on Lake Houston” on December 27, 2017. More interesting news about LGI Homes, Inc. (NASDAQ:LGIH) were released by: Chron.com and their article: “Woodlands-based LGI Homes enjoying another strong year” published on December 20, 2017 as well as Reuters.com‘s news article titled: “BRIEF-LGI Homes Reports ‍Home Closings Of 1844 In Q4 2017 Vs 1139 In Q4 2016” with publication date: January 05, 2018.

LGI Homes, Inc. (NASDAQ:LGIH) Ratings Coverage

Among 6 analysts covering LGI Homes (NASDAQ:LGIH), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. LGI Homes had 16 analyst reports since August 6, 2015 according to SRatingsIntel. Wedbush initiated the stock with “Neutral” rating in Tuesday, December 6 report. The rating was downgraded by Wedbush to “Neutral” on Tuesday, October 3. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, May 16. The rating was downgraded by JP Morgan on Wednesday, August 9 to “Neutral”. The firm has “Market Perform” rating given on Friday, January 6 by Wells Fargo. Wedbush upgraded the stock to “Outperform” rating in Thursday, August 31 report. On Tuesday, December 29 the stock rating was initiated by Sidoti with “Buy”. Zacks upgraded it to “Hold” rating and $27 target in Friday, August 7 report. The company was downgraded on Monday, February 6 by Wells Fargo. The rating was maintained by Wedbush on Wednesday, November 8 with “Hold”.

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