Landsea Homes Co. (NASDAQ:LSEA) Director Thomas Hartfield Sells 5,000 Shares

Landsea Homes Co. (NASDAQ:LSEA) Director Thomas Hartfield sold 5,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $10.62, for a total value of $53,100.00. Following the transaction, the director now directly owns 59,181 shares in the company, valued at $628,502.22. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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

Landsea Homes Stock Up 7.0 %

NASDAQ LSEA traded up $0.77 on Monday, hitting $11.70. The stock had a trading volume of 304,960 shares, compared to its average volume of 202,355. The business’s fifty day moving average price is $11.59 and its 200 day moving average price is $10.95. The stock has a market cap 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 has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. Landsea Homes Co. has a 52-week low of $8.28 and a 52-week high of $14.91.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LSEA shares. Barclays increased their price objective on shares of Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Wedbush increased their target price on Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. B. Riley reissued a “buy” rating and issued a $18.00 price target (up from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th. Finally, Oppenheimer raised their price objective on Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, August 5th.

Institutional Trading of Landsea Homes

A number of institutional investors have recently made changes to their positions in LSEA. Algert Global LLC raised its stake in Landsea Homes by 16.0% in the second quarter. Algert Global LLC now owns 13,043 shares of the company’s stock valued at $120,000 after buying an additional 1,798 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Landsea Homes in the 2nd quarter valued at approximately $494,000. Aristeia Capital L.L.C. acquired a new stake in Landsea Homes in the 2nd quarter worth approximately $670,000. Boston Partners grew its position in Landsea Homes by 22.9% during the 1st quarter. Boston Partners now owns 17,780 shares of the company’s stock worth $258,000 after purchasing an additional 3,313 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake 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 purchasing an additional 2,077 shares in the last quarter. Institutional investors and hedge funds 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.