Insider Selling: Landsea Homes Co. (NASDAQ:LSEA) Director Sells $53,100.00 in Stock

Landsea Homes Co. (NASDAQ:LSEA) Director Thomas Hartfield sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $10.62, for a total transaction of $53,100.00. Following the sale, the director now directly owns 59,181 shares of the company’s stock, valued at approximately $628,502.22. The trade was a 7.79 % decrease in their ownership of the stock. 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 shares were sold at an average price of $11.15, for a total transaction of $77,893.90.

Landsea Homes Price Performance

Shares of LSEA stock opened at $11.54 on Thursday. The firm has a market cap of $418.67 million, a P/E ratio of 16.00, a P/E/G ratio of 0.84 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 1-year low of $8.28 and a 1-year high of $14.91. The firm has a fifty day moving average of $11.55 and a two-hundred day moving average of $10.97.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Gladius Capital Management LP bought a new position in shares of Landsea Homes in the 3rd quarter worth about $32,000. Signaturefd LLC bought a new position in shares of Landsea Homes in the 2nd quarter worth about $28,000. Point72 Asset Management L.P. bought a new position in shares of Landsea Homes in the 2nd quarter worth about $31,000. Byrne Asset Management LLC bought a new position in shares of Landsea Homes in the 2nd quarter worth about $32,000. Finally, Quarry LP bought a new position in shares of Landsea Homes in the 3rd quarter worth about $44,000. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LSEA has been the subject of a number of recent analyst reports. Oppenheimer raised their price target on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Barclays raised their price target on shares of Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Wedbush raised their price objective on shares of Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, B. Riley reissued a “buy” rating and set a $18.00 price objective (up from $17.00) on shares of Landsea Homes in a 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.