Landsea Homes Co. (NASDAQ:LSEA) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP cut its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 52.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 896,071 shares of the company's stock after selling 992,214 shares during the period. Wasatch Advisors LP owned approximately 2.47% of Landsea Homes worth $11,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSEA. Gladius Capital Management LP purchased a new position in Landsea Homes in the third quarter worth $32,000. Signaturefd LLC purchased a new stake in shares of Landsea Homes in the 2nd quarter valued at about $28,000. Point72 Asset Management L.P. bought a new position in shares of Landsea Homes in the 2nd quarter worth $31,000. Byrne Asset Management LLC bought a new position in Landsea Homes in the second quarter valued at $32,000. Finally, SG Americas Securities LLC bought a new stake in Landsea Homes in the 3rd quarter worth approximately $125,000. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Oppenheimer boosted their price objective on shares of Landsea Homes from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. B. Riley reissued a "buy" rating and set a $18.00 price objective (up previously from $17.00) on shares of Landsea Homes in a research note on Tuesday, November 5th.

Landsea Homes Price Performance

Shares of NASDAQ:LSEA traded down $0.11 during midday trading on Friday, reaching $11.43. 107,240 shares of the company were exchanged, compared to its average volume of 198,540. The business's fifty day moving average is $11.43 and its two-hundred day moving average is $10.99. Landsea Homes Co. has a one year low of $8.28 and a one year high of $14.91. The stock has a market cap of $414.68 million, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.82 and a beta of 1.13. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78.

Insiders Place Their Bets

In other Landsea Homes news, Director Thomas Hartfield sold 5,000 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $10.62, for a total value of $53,100.00. Following the completion of the sale, the director now directly owns 59,181 shares in the company, valued at approximately $628,502.22. This represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 51.00% of the stock is owned by insiders.

Landsea Homes 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.