Barclays Has Lowered Expectations for Landsea Homes (NASDAQ:LSEA) Stock Price

Landsea Homes (NASDAQ:LSEA) had its target price reduced by equities research analysts at Barclays from $12.00 to $9.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 9.62% from the company’s previous close.

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

Landsea Homes Stock Down 0.2 %

LSEA stock traded down $0.02 during trading on Thursday, hitting $8.21. 132,701 shares of the stock traded hands, compared to its average volume of 339,787. The stock has a market cap of $297.86 million, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 0.38 and a beta of 1.20. 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 has a 1 year low of $7.58 and a 1 year high of $14.91. The firm’s 50 day moving average is $9.79 and its two-hundred day moving average is $10.83.

Insiders Place Their Bets

In other Landsea Homes news, Director Ming Tian sold 2,521,740 shares of Landsea Homes stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $10.25, for a total value of $25,847,835.00. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Huaijun Chen sold 3,565,217 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $10.25, for a total value of $36,543,474.25. Following the transaction, the insider now directly owns 534,783 shares in the company, valued at $5,481,525.75. The trade was a 86.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,098,943 shares of company stock valued at $62,522,303. 51.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its holdings in shares of Landsea Homes by 27.4% in the third quarter. Sanctuary Advisors LLC now owns 39,548 shares of the company’s stock worth $488,000 after buying an additional 8,496 shares during the last quarter. Virtu Financial LLC bought a new position in Landsea Homes in the third quarter worth approximately $167,000. Geode Capital Management LLC boosted its stake 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 last quarter. Barclays PLC increased 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 worth $2,585,000 after purchasing an additional 97,391 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Landsea Homes in the 3rd quarter worth $268,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.