Albion Financial Group Ut buys $561,581 stake in LGI Homes Inc (LGIH)

LGI Homes Inc (LGIH) : Albion Financial Group Ut scooped up 2,220 additional shares in LGI Homes Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 19,252 shares of LGI Homes Inc which is valued at $561,581.LGI Homes Inc makes up approximately 0.09% of Albion Financial Group Ut’s portfolio.

LGI Homes Inc closed down -0.25 points or -0.86% at $28.75 with 2,88,312 shares getting traded on Wednesday. Post opening the session at $28.98, the shares hit an intraday low of $28.32 and an intraday high of $29.2567 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Cim sold out all of its stake in LGIH during the most recent quarter. The investment firm sold 8,905 shares of LGIH which is valued $259,759.Simplex Trading reduced its stake in LGIH by selling 11,934 shares or 97.11% in the most recent quarter. The Hedge Fund company now holds 355 shares of LGIH which is valued at $9,858. Capital Impact Advisors added LGIH to its portfolio by purchasing 41,100 company shares during the most recent quarter which is valued at $1,141,347. LGI Homes Inc makes up approx 0.54% of Capital Impact Advisors’s portfolio.Creative Planning boosted its stake in LGIH in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 3,100 shares of LGI Homes Inc which is valued at $85,281.First American Bank boosted its stake in LGIH in the latest quarter, The investment management firm added 810 additional shares and now holds a total of 15,055 shares of LGI Homes Inc which is valued at $414,163. LGI Homes Inc makes up approx 0.04% of First American Bank’s portfolio.

On the company’s financial health, LGI Homes Inc reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 9, 2016. Analyst had a consensus of $0.73. The company had revenue of $176.80 million for the quarter, compared to analysts expectations of $178.04 million. The company’s revenue was up 63.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 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.

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