Wasatch Advisors LP Holds 5.6% Stake in LGI Homes
Ticker: LGIH · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1580670
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, investment-adviser
TL;DR
**Wasatch Advisors LP still owns 5.6% of LGI Homes, showing continued institutional confidence.**
AI Summary
Wasatch Advisors LP, an investment adviser, filed an amended Schedule 13G/A on February 9, 2024, indicating they now beneficially own 1,328,778 shares of LGI Homes, Inc. common stock, representing 5.6% of the company's outstanding shares. This filing shows a significant institutional investor maintains a substantial stake in LGI Homes, which could signal confidence in the company's future performance to current and prospective shareholders.
Why It Matters
This filing confirms a major institutional investor, Wasatch Advisors LP, continues to hold a significant position in LGI Homes, which can be seen as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of investor confidence.
Analyst Insight
An investor might view this continued significant institutional ownership as a positive signal, suggesting stability and potential long-term value in LGI Homes, and could consider it when evaluating their own investment decisions.
Key Numbers
- 1,328,778 — Shares Owned (Represents the total number of LGI Homes common shares Wasatch Advisors LP beneficially owns.)
- 5.6% — Percent of Class Owned (Indicates the significant stake Wasatch Advisors LP holds in LGI Homes, demonstrating their conviction.)
Key Players & Entities
- Wasatch Advisors LP (company) — the investment adviser filing the SC 13G/A
- LGI Homes, Inc. (company) — the issuer of the common stock
- 1,328,778 (dollar_amount) — number of shares beneficially owned by Wasatch Advisors LP
- 5.6% (dollar_amount) — percentage of LGI Homes' class of common stock owned by Wasatch Advisors LP
Forward-Looking Statements
- Wasatch Advisors LP will maintain a significant stake in LGI Homes, Inc. for the foreseeable future. (Wasatch Advisors LP) — medium confidence, target: 12/31/2024
FAQ
What is the purpose of this SC 13G/A filing by Wasatch Advisors LP?
This SC 13G/A filing is an amendment (Amendment No. 4) by Wasatch Advisors LP to report their beneficial ownership of LGI Homes, Inc. common stock, specifically stating they own 1,328,778 shares, which constitutes 5.6% of the class.
How many shares of LGI Homes, Inc. does Wasatch Advisors LP beneficially own, according to this filing?
According to Item 9 and Item 4(a) of the filing, Wasatch Advisors LP beneficially owns an aggregate amount of 1,328,778 shares of LGI Homes, Inc. common stock.
What percentage of LGI Homes, Inc.'s common stock does Wasatch Advisors LP own?
The filing states in Item 11 and Item 4(b) that Wasatch Advisors LP owns 5.6% of the class of LGI Homes, Inc. common stock.
What type of reporting person is Wasatch Advisors LP, as indicated in the filing?
Item 12 and Item 3(e) of the filing identify Wasatch Advisors LP as an 'IA' (Investment Adviser registered under section 203 of the Investment Advisers Act of 1940).
Does Wasatch Advisors LP have sole or shared voting and dispositive power over these shares?
The filing specifies in Items 5-8 and Item 4(c) that Wasatch Advisors LP has sole voting power over 1,328,778 shares and sole dispositive power over 1,328,778 shares, with zero shared voting or dispositive power.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding LGI Homes, Inc. (LGIH).