Landsea Homes (NASDAQ:LSEA) Given New $7.00 Price Target at Barclays

Landsea Homes (NASDAQ:LSEA) had its target price trimmed by Barclays from $9.00 to $7.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Separately, B. Riley reaffirmed a “buy” rating and set a $18.00 price objective (up previously from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th.

Landsea Homes Trading Up 4.6 %

Shares of LSEA stock opened at $7.05 on Monday. The business’s fifty day moving average price is $8.11 and its 200 day moving average price is $10.20. Landsea Homes has a 1-year low of $6.54 and a 1-year high of $14.91. The firm has a market capitalization of $255.80 million, a PE ratio of 9.79, a P/E/G ratio of 0.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81.

Insiders Place Their Bets

In other Landsea Homes news, major shareholder Huaijun Chen sold 3,565,217 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $10.25, for a total transaction of $36,543,474.25. Following the sale, the insider now directly owns 534,783 shares in the company, valued at approximately $5,481,525.75. The trade was a 86.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ming Tian sold 2,521,740 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $10.25, for a total value of $25,847,835.00. Following the completion of the sale, the director now owns 6,543,411 shares in the company, valued at $67,069,962.75. This represents a 27.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 51.00% of the stock is owned by company insiders.

Institutional Trading of Landsea Homes

Several institutional investors and hedge funds have recently made changes to their positions in LSEA. Gladius Capital Management LP purchased a new stake in shares of Landsea Homes in the third quarter valued at $32,000. Summit Securities Group LLC acquired a new position in Landsea Homes in the fourth quarter valued at $38,000. Quarry LP acquired a new position in Landsea Homes in the third quarter valued at $44,000. Tower Research Capital LLC TRC increased its stake in Landsea Homes by 100.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company’s stock valued at $63,000 after purchasing an additional 3,721 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Landsea Homes by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,306 shares of the company’s stock valued at $104,000 after purchasing an additional 1,870 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

About Landsea Homes

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.