Insiders at LGI Homes (LGIH) Make Significant Stock Sales Extends the Trend of Last Quarter

Tuesday, November 14, 2017 10:15 PM ET

Insiders at LGI Homes (LGIH) Make Significant Stock Sales Extends the Trend of Last Quarter

Two insiders — Bryan Christopher Sansbury, Director, and Michael Larry Snider, Officer — today, sold 43,101 shares of LGI Homes having a market value of approximately $2,716,831, as disclosed in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 50,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 93,101 shares and have averaged 23,275 shares per transaction over this time period.

The number of insider buy/sell trades at LGI Homes is above that of the 15 peer company average over the last 90-day period. The Homebuilding peer group saw 11 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by LGI Homes insiders is lower than its peers. Within the peer group there were 0 shares purchased and 307,177 shares sold with company insiders disposing of 27,925 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in composing and writing this story.

Today’s Insider Activity
* Bryan Christopher Sansbury, Director, sold 23,101 shares
* Michael Larry Snider, Officer, sold 20,000 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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