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

Landsea Homes Co. (NASDAQ:LSEA) Director Thomas Hartfield sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 59,181 shares of the company’s stock, valued at $628,502.22. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Stock Up 7.0 %

Shares of NASDAQ:LSEA opened at $11.70 on Tuesday. Landsea Homes Co. has a 1 year low of $8.28 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The stock’s 50-day moving average is $11.59 and its 200 day moving average is $10.95. The company has a market cap of $424.48 million, a PE ratio of 16.25, a P/E/G ratio of 0.78 and a beta of 1.13.

Analyst Ratings Changes

Several analysts have weighed in on LSEA shares. 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 note on Tuesday, November 5th. Oppenheimer lifted their price objective on Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Barclays raised their price target on Landsea Homes from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, Wedbush boosted their price objective on Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd.

Institutional Trading of Landsea Homes

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its stake in shares of Landsea Homes by 27.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 39,548 shares of the company’s stock valued at $488,000 after purchasing an additional 8,496 shares in the last quarter. Virtu Financial LLC bought a new stake in Landsea Homes during the 3rd quarter valued at approximately $167,000. Geode Capital Management LLC grew its holdings in shares of Landsea Homes by 13.1% during the 3rd quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock worth $5,328,000 after acquiring an additional 49,830 shares during the period. Barclays PLC lifted its stake in shares of Landsea Homes by 87.0% in the 3rd quarter. Barclays PLC now owns 209,290 shares of the company’s stock valued at $2,585,000 after purchasing an additional 97,391 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Landsea Homes during the third quarter valued at approximately $268,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

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.