Stock Traders Buy High Volume of Put Options on LGI Homes (LGIH)

LGI Homes (NASDAQ:LGIH) saw some unusual options trading on Monday. Investors bought 2,007 put options on the company. This represents an increase of 1,256% compared to the typical volume of 148 put options.

LGIH stock opened at $72.46 on Wednesday. The company has a current ratio of 9.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $1,560.35, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.03 and a beta of 0.12. LGI Homes has a 1 year low of $28.57 and a 1 year high of $79.55.

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LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $377.46 million. LGI Homes had a return on equity of 26.41% and a net margin of 9.01%. LGI Homes’s revenue for the quarter was up 71.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. equities analysts forecast that LGI Homes will post 6.19 EPS for the current fiscal year.

In related news, CEO Eric Thomas Lipar sold 25,000 shares of the firm’s stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $73.29, for a total transaction of $1,832,250.00. Following the completion of the transaction, the chief executive officer now directly owns 522,020 shares in the company, valued at approximately $38,258,845.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ryan Edone bought 1,400 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average price of $56.36 per share, with a total value of $78,904.00. Following the completion of the acquisition, the director now directly owns 22,982 shares in the company, valued at $1,295,265.52. The disclosure for this purchase can be found here. Insiders have sold a total of 114,432 shares of company stock valued at $7,538,012 over the last 90 days. 13.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of LGIH. Advisor Group Inc. raised its position in LGI Homes by 384.7% in the 4th quarter. Advisor Group Inc. now owns 1,454 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 1,154 shares in the last quarter. Meadow Creek Investment Management LLC acquired a new stake in LGI Homes in the 4th quarter valued at about $172,000. Midas Management Corp acquired a new stake in LGI Homes in the 4th quarter valued at about $191,000. SG Americas Securities LLC acquired a new stake in LGI Homes in the 3rd quarter valued at about $199,000. Finally, Stifel Financial Corp acquired a new stake in LGI Homes in the 3rd quarter valued at about $216,000. 84.78% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the company. BidaskClub cut LGI Homes from a “buy” rating to a “hold” rating in a report on Friday, April 13th. Wedbush cut LGI Homes from an “outperform” rating to a “neutral” rating and set a $73.00 target price for the company. in a report on Tuesday, April 10th. Finally, Zacks Investment Research cut LGI Homes from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. LGI Homes currently has a consensus rating of “Buy” and a consensus target price of $61.50.

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LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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