FMR LLC & Abigail Johnson Disclose 7.642% Stake in LGI Homes
Ticker: LGIH · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1580670
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-holdings
TL;DR
**FMR LLC and Abigail Johnson still own 7.642% of LGI Homes, showing continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in LGI Homes, Inc. (LGIH) to 7.642% of the common stock, totaling 1,800,907 shares, as of February 9, 2024. This is an amendment to a previous filing, indicating a slight adjustment in their holdings. For investors, this shows that a significant institutional investor maintains a substantial, though slightly adjusted, position in LGIH, which can be seen as a vote of confidence in the company's long-term prospects.
Why It Matters
This filing confirms a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a significant stake in LGI Homes, signaling their ongoing belief in the company's value.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note the continued, stable institutional ownership by FMR LLC, which suggests a long-term perspective on LGI Homes. This filing doesn't indicate a major shift, but rather a reaffirmation of their position.
Key Numbers
- 1,800,907 — shares beneficially owned (total common stock shares of LGI Homes held by FMR LLC and Abigail P. Johnson)
- 7.642% — percent of class (percentage of LGI Homes' common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 20240209 — filed as of date (date the SC 13G/A amendment was filed)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- LGI Homes, Inc. (company) — subject company, issuer of common stock
- The Woodlands, TX (company) — location of LGI Homes' principal executive offices
- Boston, MA (company) — location of FMR LLC's principal business office
Forward-Looking Statements
- FMR LLC will maintain a significant stake in LGI Homes, Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What percentage of LGI Homes, Inc. common stock is beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson beneficially own 7.642% of LGI Homes, Inc. common stock, as detailed in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
How many shares of LGI Homes, Inc. common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 1,800,907 shares of LGI Homes, Inc. common stock, as indicated in Item 7 and Item 9 for both reporting persons, and Item 4(a) for FMR LLC.
What is the CUSIP number for LGI Homes, Inc. common stock mentioned in the filing?
The CUSIP number for LGI Homes, Inc. common stock is #50187T106, as stated multiple times in the filing, including at the top of the Schedule 13G Amendment and in Item 2(e).
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box at the beginning of the Schedule 13G Amendment section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding LGI Homes, Inc. (LGIH).