Gratia Capital LLC Trimmed Its Lgi Homes INC (LGIH) Stake by $27.46 Million as Market Value Declined

May 17, 2018 - By Lola Flanagan

LGI Homes, Inc. (NASDAQ:LGIH) LogoInvestors sentiment increased to 1.14 in 2017 Q4. Its up 0.05, from 1.09 in 2017Q3. It is positive, as 15 investors sold LGIH shares while 62 reduced holdings. 43 funds opened positions while 45 raised stakes. 18.17 million shares or 6.23% less from 19.37 million shares in 2017Q3 were reported. The Massachusetts-based Frontier Management Ltd Liability Com has invested 0.76% in LGI Homes, Inc. (NASDAQ:LGIH). D E Shaw And Communications Inc holds 0.01% or 80,435 shares. Hodges Capital Mgmt accumulated 0.06% or 11,550 shares. Moreover, Assetmark has 0% invested in LGI Homes, Inc. (NASDAQ:LGIH). Caprock Group Incorporated accumulated 0.04% or 2,875 shares. 60,908 were accumulated by Dimensional Fund Advsr Limited Partnership. State Of Alaska Department Of Revenue owns 3,453 shares for 0.01% of their portfolio. Parallax Volatility Advisers Lp owns 2,604 shares for 0% of their portfolio. Tower Research Capital Limited Liability Company (Trc) owns 0% invested in LGI Homes, Inc. (NASDAQ:LGIH) for 423 shares. Pointstate Capital Lp holds 0.02% or 24,700 shares in its portfolio. Wasatch invested in 433,799 shares. Us Savings Bank De accumulated 0% or 5,956 shares. Alliancebernstein LP reported 0% in LGI Homes, Inc. (NASDAQ:LGIH). Brown Advisory owns 5,894 shares or 0% of their US portfolio. Gilder Gagnon Howe And Co Limited Liability Corp reported 1.70M shares stake.

Since January 16, 2018, it had 1 buying transaction, and 8 insider sales for $9.26 million activity. Lipar Jack Anthony also sold $369,487 worth of LGI Homes, Inc. (NASDAQ:LGIH) shares. Edone Ryan had bought 1,400 shares worth $78,901 on Friday, March 2. Snider Michael Larry sold $1.33M worth of stock. The insider Merdian Charles Michael sold 16,967 shares worth $1.08M. On Thursday, March 15 the insider Eaton Rachel Lyons sold $98,321. Shares for $264,402 were sold by Britton Margaret Mary.

Steve Pei decreased its stake in Lgi Homes Inc (LGIH) by 64.4% based on its latest 2017Q4 regulatory filing with the SEC. Gratia Capital Llc sold 366,159 shares as the company’s stock declined 3.40% with the market. The hedge fund run by Steve Pei held 202,402 shares of the capital goods company at the end of 2017Q4, valued at $15.19 million, down from 568,561 at the end of the previous reported quarter. Gratia Capital Llc who had been investing in Lgi Homes Inc for a number of months, seems to be less bullish one the $1.34B market cap company. The stock decreased 1.33% or $0.7963 during the last trading session, reaching $59.2037. About 360,357 shares traded. LGI Homes, Inc. (NASDAQ:LGIH) has risen 115.57% since May 17, 2017 and is uptrending. It has outperformed by 104.02% the S&P500.

Gratia Capital Llc, which manages about $521.00 million and $399.23 million US Long portfolio, upped its stake in Insight Enterprises Inc (NASDAQ:NSIT) by 328,207 shares to 361,300 shares, valued at $13.83M in 2017Q4, according to the filing. It also increased its holding in Petmed Express Inc (NASDAQ:PETS) by 162,175 shares in the quarter, for a total of 310,475 shares, and has risen its stake in Gms Inc.

Analysts await LGI Homes, Inc. (NASDAQ:LGIH) to report earnings on August, 14. They expect $1.66 EPS, up 19.42 % or $0.27 from last year’s $1.39 per share. LGIH’s profit will be $37.54 million for 8.92 P/E if the $1.66 EPS becomes a reality. After $1.10 actual EPS reported by LGI Homes, Inc. for the previous quarter, Wall Street now forecasts 50.91 % EPS growth.

More recent LGI Homes, Inc. (NASDAQ:LGIH) news were published by: Globenewswire.com which released: “LGI Homes to Host 2018 First Quarter Earnings Conference Call” on April 18, 2018. Also Seekingalpha.com published the news titled: “LGI Homes’ (LGIH) CEO Eric Lipar on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018. Globenewswire.com‘s news article titled: “LGI Homes, Inc. Reports First Quarter 2018 Results” with publication date: May 08, 2018 was also an interesting one.

LGI Homes, Inc. (NASDAQ:LGIH) Institutional Positions Chart

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