Insider Selling: Landsea Homes Co. (NASDAQ:LSEA) Director Sells 2,521,740 Shares of Stock

Landsea Homes Co. (NASDAQ:LSEA) Director Ming Tian sold 2,521,740 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the transaction, the director now directly owns 6,543,411 shares in the company, valued at approximately $67,069,962.75. This trade represents a 27.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Landsea Homes Stock Down 0.8 %

LSEA stock traded down $0.08 during trading on Wednesday, hitting $10.36. 297,578 shares of the company’s stock traded hands, compared to its average volume of 216,372. The firm has a market capitalization of $375.89 million, a P/E ratio of 14.50, a PEG ratio of 0.75 and a beta of 1.15. The business has a fifty day simple moving average of $11.22 and a two-hundred day simple moving average of $11.02. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a 1 year low of $8.28 and a 1 year high of $14.91.

Hedge Funds Weigh In On Landsea Homes

Several institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its stake in Landsea Homes by 27.4% in the third quarter. Sanctuary Advisors LLC now owns 39,548 shares of the company’s stock valued at $488,000 after acquiring an additional 8,496 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Landsea Homes during the third quarter worth $167,000. Geode Capital Management LLC lifted its stake in shares of Landsea Homes by 13.1% during the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock worth $5,328,000 after buying an additional 49,830 shares during the period. Barclays PLC lifted its stake in shares of Landsea Homes by 87.0% during the third quarter. Barclays PLC now owns 209,290 shares of the company’s stock worth $2,585,000 after buying an additional 97,391 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Landsea Homes during the third quarter worth $268,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.