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

Landsea Homes Co. (NASDAQ:LSEA) Director Thomas Hartfield sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $10.62, for a total transaction of $53,100.00. Following the completion of 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 sale was disclosed in a document filed 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 stock was sold at an average price of $11.15, for a total value of $77,893.90.

Landsea Homes Stock Up 7.0 %

LSEA opened at $11.70 on Tuesday. The stock has a market capitalization of $424.48 million, a price-to-earnings ratio of 16.25, a PEG ratio of 0.78 and a beta of 1.13. The firm has a 50 day moving average price of $11.59 and a 200-day moving average price of $10.95. Landsea Homes Co. has a twelve month low of $8.28 and a twelve month 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.

Hedge Funds Weigh In On Landsea Homes

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in Landsea Homes by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company’s stock valued at $1,402,000 after acquiring an additional 2,077 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Landsea Homes by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 774,128 shares of the company’s stock worth $11,248,000 after purchasing an additional 6,159 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Landsea Homes by 17.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 211,789 shares of the company’s stock worth $3,077,000 after buying an additional 31,480 shares during the last quarter. Boston Partners grew its position in Landsea Homes by 22.9% during the first quarter. Boston Partners now owns 17,780 shares of the company’s stock valued at $258,000 after buying an additional 3,313 shares during the period. Finally, Byrne Asset Management LLC purchased a new stake in Landsea Homes during the second quarter valued at approximately $32,000. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

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