Landsea Homes Co. (NASDAQ:LSEA - Get Free Report) Director Thomas Hartfield sold 5,000 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $10.62, for a total transaction of $53,100.00. Following the completion of the sale, the director now owns 59,181 shares in the company, valued at approximately $628,502.22. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a document filed 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 value of $77,893.90.
Landsea Homes Stock Up 7.0 %
LSEA opened at $11.70 on Tuesday. The stock has a market capitalization of $424.48 million, a price-to-earnings ratio of 16.25, a PEG ratio of 0.78 and a beta of 1.13. The firm has a 50 day moving average price of $11.59 and a 200-day moving average price of $10.95. Landsea Homes Co. has a twelve month low of $8.28 and a twelve month high of $14.91. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.
Hedge Funds Weigh In On Landsea Homes
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Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in Landsea Homes by 2.2% during the first 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 last quarter. Vanguard Group Inc. lifted its stake in shares of Landsea Homes by 0.8% in the 1st 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 period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Landsea Homes by 17.5% in the first 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 last quarter. Boston Partners grew its position in Landsea Homes by 22.9% during the first quarter. Boston Partners now owns 17,780 shares of the company's stock valued at $258,000 after buying an additional 3,313 shares during the period. Finally, Byrne Asset Management LLC purchased a new stake in Landsea Homes during the second quarter valued at approximately $32,000. 82.99% of the stock is owned by institutional investors.
Analyst Ratings Changes
LSEA has been the topic of a number of analyst reports. Barclays upped their price target on shares of Landsea Homes from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, August 2nd. Wedbush increased their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. B. Riley restated a "buy" rating and issued a $18.00 price objective (up from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th. Finally, Oppenheimer increased their target price on Landsea Homes from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Monday, August 5th.
Get Our Latest Stock Analysis on LSEA
About Landsea Homes
(
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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.
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