Insider Selling: Landsea Homes Co. (NASDAQ:LSEA) Director Sells $25,847,835.00 in Stock

Landsea Homes Co. (NASDAQ:LSEA) Director Ming Tian sold 2,521,740 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the completion of the transaction, the director now owns 6,543,411 shares of the company’s stock, valued at $67,069,962.75. This trade represents a 27.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Landsea Homes Price Performance

LSEA stock opened at $9.87 on Friday. The stock’s 50 day moving average is $11.12 and its two-hundred day moving average is $11.00. Landsea Homes Co. has a 52-week low of $8.28 and a 52-week high of $14.91. The company has a market capitalization of $358.11 million, a PE ratio of 13.71, a P/E/G ratio of 0.74 and a beta of 1.15. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.

Analyst Upgrades and Downgrades

Separately, B. Riley reiterated 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.

Institutional Trading of Landsea Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in LSEA. Signaturefd LLC bought a new position in Landsea Homes during the 2nd quarter valued at $28,000. Point72 Asset Management L.P. bought a new stake in shares of Landsea Homes in the 2nd quarter worth about $31,000. Byrne Asset Management LLC acquired a new stake in shares of Landsea Homes in the 2nd quarter valued at about $32,000. Gladius Capital Management LP bought a new position in shares of Landsea Homes during the third quarter worth about $32,000. Finally, Quarry LP acquired a new position in Landsea Homes in the third quarter worth about $44,000. Institutional investors own 82.99% of the company’s stock.

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.