Insider Selling: Landsea Homes Co. (NASDAQ:LSEA) Director Sells 5,000 Shares of Stock

Landsea Homes Co. (NASDAQ:LSEA) Director Thomas Hartfield sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $10.62, for a total value of $53,100.00. Following the transaction, the director now owns 59,181 shares of the company’s stock, valued at $628,502.22. This represents a 7.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Thomas Hartfield also recently made the following trade(s):

• On Wednesday, November 6th, Thomas Hartfield sold 6,986 shares of Landsea Homes stock. The shares were sold at an average price of $11.15, for a total value of $77,893.90.

Landsea Homes Trading Up 7.0 %

Shares of LSEA stock traded up $0.77 during trading hours on Monday, reaching $11.70. 304,960 shares of the stock were exchanged, compared to its average volume of 202,355. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a 12-month low of $8.28 and a 12-month high of $14.91. The firm has a market capitalization of $424.48 million, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 0.78 and a beta of 1.13. The company’s 50-day moving average price is $11.59 and its 200-day moving average price is $10.95.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wedbush boosted their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Barclays upped their target price on shares of Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Oppenheimer lifted their price target on Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, B. Riley restated a “buy” rating and set a $18.00 price objective (up from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in Landsea Homes by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company’s stock valued at $1,402,000 after acquiring an additional 2,077 shares during the period. Vanguard Group Inc. grew its holdings in shares of Landsea Homes by 0.8% in the first quarter. Vanguard Group Inc. now owns 774,128 shares of the company’s stock worth $11,248,000 after purchasing an additional 6,159 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Landsea Homes by 17.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 211,789 shares of the company’s stock worth $3,077,000 after buying an additional 31,480 shares during the period. Boston Partners lifted its holdings in Landsea Homes by 22.9% during the 1st quarter. Boston Partners now owns 17,780 shares of the company’s stock valued at $258,000 after buying an additional 3,313 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in Landsea Homes in the 2nd quarter valued at about $32,000. Institutional investors own 82.99% of the company’s stock.

Landsea Homes Company Profile

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.