Barclays Has Lowered Expectations for Landsea Homes (NASDAQ:LSEA) Stock Price

Landsea Homes (NASDAQ:LSEA - Get Free Report) had its price objective cut by analysts at Barclays from $9.00 to $7.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price indicates a potential upside of 4.01% from the stock's previous close.

Separately, B. Riley reaffirmed a "buy" rating and set a $18.00 price target (up from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th.

Landsea Homes Stock Performance

NASDAQ LSEA traded down $0.39 on Monday, reaching $6.73. The stock had a trading volume of 623,224 shares, compared to its average volume of 310,151. 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 company has a market cap of $244.18 million, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.45 and a beta of 1.19. The firm has a fifty day moving average of $8.18 and a two-hundred day moving average of $10.25. Landsea Homes has a 1-year low of $6.54 and a 1-year high of $14.91.

Insider Buying and Selling at Landsea Homes

In related news, major shareholder Huaijun Chen sold 3,565,217 shares of the stock in a transaction that occurred 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 owns 534,783 shares in the company, valued at approximately $5,481,525.75. This trade represents a 86.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ming Tian sold 2,521,740 shares of the business'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 transaction of $25,847,835.00. Following the transaction, the director now owns 6,543,411 shares of the company's stock, valued at approximately $67,069,962.75. This represents a 27.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 51.00% of the company's stock.

Institutional Investors Weigh In On Landsea Homes

A number of large investors have recently modified their holdings of LSEA. Barclays PLC boosted its stake in Landsea Homes by 87.0% in the third quarter. Barclays PLC now owns 209,290 shares of the company's stock valued at $2,585,000 after buying an additional 97,391 shares in the last quarter. Wellington Management Group LLP lifted 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 worth $8,582,000 after acquiring an additional 119,500 shares during the last quarter. Mill Road Capital Management LLC boosted its stake in shares of Landsea Homes by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company's stock valued at $11,274,000 after purchasing an additional 140,786 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Landsea Homes by 88.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 93,526 shares of the company's stock valued at $794,000 after purchasing an additional 43,909 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in Landsea Homes during the 3rd quarter worth approximately $890,000. Institutional investors and hedge funds 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.