Polen Capital Management LLC, a hedge fund, has purchased 25,236 shares of LGI Homes, Inc. (NASDAQ:LGIH) in the fourth quarter, with a total value of approximately $3,360,000. This acquisition adds to the growing list of hedge funds that have bought and sold shares of LGIH. Victory Capital Management Inc., Swiss National Bank, Charles Schwab Investment Management Inc., Deutsche Bank AG, and Rhumbline Advisers are among the other institutional investors that have recently made changes to their positions in LGI Homes. LGI Homes, Inc. is a company that designs, constructs, and sells homes, offering entry-level homes, luxury series homes, and active adult homes under different brand names. The company also engages in the wholesale business of building and selling homes to large institutions. [05c22436]
Cohen & Steers Inc., an institutional investor, has acquired a new position in Baker Hughes, investing $3.14 million in the company's stock. The investor purchased 91,960 shares of Baker Hughes, valued at approximately $3,143,000. Other hedge funds have also made changes to their holdings of BKR. Baker Hughes reported earnings per share of $0.43 for the quarter, surpassing analysts' consensus estimates of $0.40. The company generated $6.42 billion in revenue for the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes also announced a quarterly dividend of $0.21 per share. Several insiders, including Senior Vice President James E. Apostolides and Executive Vice President Maria C. Borras, have sold shares of Baker Hughes. Analysts have given the stock a consensus rating of 'Moderate Buy' with a target price of $41.13. [da2df454]
American International Group Inc. has acquired 69,743 shares of Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, bringing its total position to 69,283 shares. The institutional investor now owns about 0.10% of Houlihan Lokey, with a total value of $8,363,000. Other institutional investors, including Anchor Investment Management LLC, Principal Securities Inc., GAMMA Investing LLC, Headlands Technologies LLC, and Planned Solutions Inc., have also made changes to their positions in HLI.
In other news, insider David A. Preiser sold 20,000 shares of the company's stock on June 4th. Analysts at JMP Securities have issued a 'market perform' rating on HLI shares, while UBS Group lowered their target price from $157.00 to $145.00 and maintained a 'buy' rating for the company. HLI's stock price opened at $130.57 on June 10th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.20. HLI also announced an increase in its quarterly dividend to $0.57 per share. The ex-dividend date is June 3rd. [b93ea267]
The stock price of Hartford Longevity Economy ETF (HLGE) fell 1.2% during mid-day trading on Friday. The company traded as low as $23.54 and last traded at $23.54. The stock had previously closed at $23.82. The company has a market capitalization of $8.24 million, a P/E ratio of 13.24, and a beta of 0.91. The stock's 50-day moving average is $24.66 and its 200-day moving average is $24.62. The Hartford Longevity Economy ETF (HLGE) is an exchange-traded fund that is based on the Hartford Longevity Economy index. The fund tracks an index of US companies expected to benefit from the growth of the aging population and the substantial buying power it represents. HLGE was launched on Mar 16, 2021, and is managed by Hartford. [26796646]
Epoch Investment Partners Inc. has reduced its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,807 shares of LGI Homes' stock after selling 9,487 shares during the period. Other institutional investors and hedge funds have also recently bought and sold shares of the stock. LGI Homes' stock is currently trading down 3.1% at $93.01. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $1.02 by $0.30. LGI Homes' average rating is 'Hold' with a consensus price target of $110.50. [f73d17e6]