Landsea Homes Co. (NASDAQ:LSEA - Get Free Report) Director Ming Tian sold 2,521,740 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the sale, the director now directly owns 6,543,411 shares of the company's stock, valued at approximately $67,069,962.75. The trade was a 27.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Landsea Homes Price Performance
LSEA stock opened at $10.36 on Thursday. The company has a market capitalization of $375.89 million, a PE ratio of 14.39, a price-to-earnings-growth ratio of 0.75 and a beta of 1.15. The company's fifty day moving average price is $11.19 and its 200-day moving average price is $11.01. Landsea Homes Co. has a one year low of $8.28 and a one year high of $14.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81.
Hedge Funds Weigh In On Landsea Homes
Institutional investors and hedge funds have recently made changes to their positions in the business. Algert Global LLC lifted its holdings in shares of Landsea Homes by 16.0% in the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company's stock worth $120,000 after acquiring an additional 1,798 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Landsea Homes in the 2nd quarter worth about $494,000. Aristeia Capital L.L.C. bought a new stake in Landsea Homes in the second quarter worth about $670,000. Vanguard Group Inc. boosted its position in shares of Landsea Homes by 0.8% during the first quarter. Vanguard Group Inc. now owns 774,128 shares of the company's stock valued at $11,248,000 after buying an additional 6,159 shares during the period. Finally, Mill Road Capital Management LLC grew its stake in shares of Landsea Homes by 18.2% during the third quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company's stock valued at $11,274,000 after buying an additional 140,786 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
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Separately, B. Riley reiterated 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.
Check Out Our Latest Stock Analysis on LSEA
About Landsea Homes
(
Get Free Report)
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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