Landsea Homes Co. (NASDAQ:LSEA) Sees Significant Decline in Short Interest

Landsea Homes Co. (NASDAQ:LSEA) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 739,500 shares, a drop of 17.6% from the January 31st total of 897,300 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 336,700 shares, the days-to-cover ratio is currently 2.2 days.

Insider Buying and Selling at Landsea Homes

In related news, major shareholder Huaijun Chen sold 3,565,217 shares of the business’s 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 $36,543,474.25. Following the completion of the transaction, the insider now owns 534,783 shares in the company, valued at $5,481,525.75. The trade was a 86.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ming Tian sold 2,521,740 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $10.25, for a total value of $25,847,835.00. Following 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 disclosure for this sale can be found here. Company insiders own 51.00% of the company’s stock.

Hedge Funds Weigh In On Landsea Homes

Institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC bought a new stake in Landsea Homes during the 4th quarter worth approximately $158,000. Nokomis Capital L.L.C. increased its position in shares of Landsea Homes by 51.5% during the fourth quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company’s stock worth $13,954,000 after acquiring an additional 558,834 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Landsea Homes by 104.7% during the fourth quarter. Deutsche Bank AG now owns 16,127 shares of the company’s stock worth $137,000 after acquiring an additional 8,250 shares during the period. Corton Capital Inc. bought a new stake in Landsea Homes in the 4th quarter valued at $215,000. Finally, Bridgeway Capital Management LLC boosted its stake in Landsea Homes by 2.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 408,230 shares of the company’s stock worth $3,466,000 after purchasing an additional 9,353 shares during the period. Institutional investors own 82.99% of the company’s stock.

Landsea Homes Trading Up 4.6 %

Shares of LSEA stock traded up $0.31 on Wednesday, hitting $7.05. The stock had a trading volume of 375,075 shares, compared to its average volume of 315,623. The firm has a market cap of $255.80 million, a P/E ratio of 9.79, a PEG ratio of 0.45 and a beta of 1.19. Landsea Homes has a twelve month low of $6.54 and a twelve month high of $14.91. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average price of $8.14 and a two-hundred day moving average price of $10.22.

Analyst Ratings Changes

LSEA has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of Landsea Homes in a research report on Wednesday. Barclays dropped their price objective on Landsea Homes from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday. Finally, B. Riley restated a “buy” rating and set a $18.00 target price (up previously from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th.

Landsea Homes Company Profile

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.