D.c. Capital Advisors Ltd adds LGI Homes Inc (LGIH) to its portfolio

LGI Homes Inc (LGIH) : D.c. Capital Advisors Ltd added new position in LGI Homes Inc during the most recent quarter end. The investment management firm now holds 200,000 shares of LGI Homes Inc which is valued at $6,834,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.LGI Homes Inc makes up approximately 3.86% of D.c. Capital Advisors Ltd’s portfolio.

Other Hedge Funds, Including , White Pine Capital added LGIH to its portfolio by purchasing 23,175 company shares during the most recent quarter which is valued at $791,890. LGI Homes Inc makes up approx 0.32% of White Pine Capital’s portfolio.Timpani Capital Management boosted its stake in LGIH in the latest quarter, The investment management firm added 59,530 additional shares and now holds a total of 92,200 shares of LGI Homes Inc which is valued at $3,150,474. LGI Homes Inc makes up approx 1.26% of Timpani Capital Management’s portfolio.New York State Common Retirement Fund boosted its stake in LGIH in the latest quarter, The investment management firm added 4,222 additional shares and now holds a total of 37,633 shares of LGI Homes Inc which is valued at $1,285,920.

LGI Homes Inc opened for trading at $35.66 and hit $37.68 on the upside on Monday, eventually ending the session at $37.51, with a gain of 5.75% or 2.04 points. The heightened volatility saw the trading volume jump to 11,83,822 shares. Company has a market cap of $789 M.

On the company’s financial health, LGI Homes Inc reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.90. The company had revenue of $222.72 million for the quarter, compared to analysts expectations of $219.52 million. The company’s revenue was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 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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