III Capital Management Sells 31,010 Shares of Landsea Homes Co. (NASDAQ:LSEA)

III Capital Management lowered its stake in Landsea Homes Co. (NASDAQ:LSEA) by 16.9% during the third quarter, Holdings Channel reports. The institutional investor owned 151,968 shares of the company’s stock after selling 31,010 shares during the period. III Capital Management’s holdings in Landsea Homes were worth $1,877,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC acquired a new position in shares of Landsea Homes in the second quarter valued at approximately $28,000. Point72 Asset Management L.P. bought a new stake in Landsea Homes in the 2nd quarter valued at $31,000. Byrne Asset Management LLC bought a new stake in Landsea Homes in the 2nd quarter valued at $32,000. Gladius Capital Management LP acquired a new position in Landsea Homes in the 3rd quarter valued at $32,000. Finally, Algert Global LLC increased its position in Landsea Homes by 16.0% during the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after buying an additional 1,798 shares during the period. 82.99% of the stock is owned by institutional investors.

Landsea Homes Price Performance

Shares of NASDAQ:LSEA traded down $0.12 during trading on Tuesday, reaching $11.48. 6,460 shares of the company traded hands, compared to its average volume of 200,285. The firm has a market capitalization of $416.49 million, a PE ratio of 16.11, a PEG ratio of 0.82 and a beta of 1.15. Landsea Homes Co. has a 52 week low of $8.28 and a 52 week high of $14.91. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $11.43 and its two-hundred day moving average is $10.99.

Insider Activity at Landsea Homes

In related news, Director Thomas Hartfield sold 5,000 shares of the stock in a transaction that occurred 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 owns 59,181 shares in the company, valued at approximately $628,502.22. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 51.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LSEA shares. Oppenheimer boosted their target price on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. B. Riley reissued a “buy” rating and issued a $18.00 price objective (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.