Short Interest in Landsea Homes Co. (NASDAQ:LSEA) Declines By 17.6%

Landsea Homes Co. (NASDAQ:LSEA - Get Free Report) was the recipient of a large drop in short interest in 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. Based on an average daily volume of 336,700 shares, the days-to-cover ratio is currently 2.2 days. Currently, 3.6% of the company's shares are short sold.

Wall Street Analyst Weigh In

LSEA has been the topic of several recent analyst reports. Barclays dropped their price target on Landsea Homes from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Wedbush reissued an "outperform" rating and issued a $15.00 price target on shares of Landsea Homes in a research report on Wednesday.

Insider Buying and Selling

In related news, Director Ming Tian sold 2,521,740 shares of the firm'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 $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 approximately $67,069,962.75. This trade represents a 27.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Huaijun Chen sold 3,565,217 shares of the business'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 $36,543,474.25. Following 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 disclosure for this sale can be found here. 51.00% of the stock is currently owned by company insiders.

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Institutional Investors Weigh In On Landsea Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Global Investments acquired a new stake in Landsea Homes in the third quarter valued at approximately $350,000. Empowered Funds LLC raised its stake in shares of Landsea Homes by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 184,148 shares of the company's stock valued at $2,274,000 after acquiring an additional 9,380 shares in the last quarter. Gladius Capital Management LP acquired a new stake in Landsea Homes in the 3rd quarter worth approximately $32,000. Quest Partners LLC acquired a new stake in Landsea Homes in the 3rd quarter worth approximately $359,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Landsea Homes by 56.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,032 shares of the company's stock worth $1,841,000 after purchasing an additional 53,619 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Landsea Homes Stock Down 2.6 %

Shares of NASDAQ LSEA traded down $0.19 during mid-day trading on Friday, reaching $7.22. The company had a trading volume of 298,606 shares, compared to its average volume of 313,798. The stock has a market capitalization of $262.30 million, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28. Landsea Homes has a twelve month low of $6.54 and a twelve month high of $14.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. The stock's 50 day moving average is $8.05 and its 200-day moving average is $10.13.

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.