Janney Montgomery Scott LLC lifted its stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 88.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,526 shares of the company's stock after purchasing an additional 43,909 shares during the period. Janney Montgomery Scott LLC owned about 0.26% of Landsea Homes worth $794,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in LSEA. Mill Road Capital Management LLC grew its stake in Landsea Homes by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company's stock worth $11,274,000 after acquiring an additional 140,786 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Landsea Homes by 20.8% in the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company's stock valued at $8,582,000 after purchasing an additional 119,500 shares during the period. Barclays PLC grew its stake in Landsea Homes by 87.0% in the third 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. Walleye Capital LLC purchased a new position in Landsea Homes during the 3rd quarter worth $890,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Landsea Homes in the 2nd quarter worth $494,000. Hedge funds and other institutional investors own 82.99% of the company's stock.
Wall Street Analyst Weigh In
LSEA has been the topic of several research reports. Barclays cut their price target on Landsea Homes from $12.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. B. Riley reissued a "buy" rating and set a $18.00 price objective (up from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th.
Read Our Latest Stock Analysis on LSEA
Insider Activity at Landsea Homes
In other Landsea Homes news, major shareholder Huaijun Chen sold 3,565,217 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $10.25, for a total value of $36,543,474.25. Following the completion of the sale, the insider now directly owns 534,783 shares in the company, valued at approximately $5,481,525.75. This trade represents a 86.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas Hartfield sold 5,000 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $10.62, for a total value of $53,100.00. Following the sale, the director now owns 59,181 shares in the company, valued at $628,502.22. The trade was a 7.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,091,957 shares of company stock valued at $62,444,409 over the last 90 days. Insiders own 51.00% of the company's stock.
Landsea Homes Stock Up 0.2 %
Shares of LSEA stock traded up $0.02 during mid-day trading on Monday, hitting $8.04. 197,499 shares of the stock traded hands, compared to its average volume of 297,531. Landsea Homes Co. has a 52-week low of $7.58 and a 52-week high of $14.91. The stock has a market cap of $291.69 million, a P/E ratio of 11.17, a P/E/G ratio of 0.44 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The stock's fifty day moving average is $8.78 and its two-hundred day moving average is $10.62.
About Landsea Homes
(
Free Report)
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.
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