Thomas Hartfield Sells 5,000 Shares of Landsea Homes Co. (NASDAQ:LSEA) Stock

Landsea Homes Co. (NASDAQ:LSEA) Director Thomas Hartfield sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $10.62, for a total value of $53,100.00. Following the completion of the transaction, the director now owns 59,181 shares in the company, valued at $628,502.22. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Thomas Hartfield also recently made the following trade(s):

• On Wednesday, November 6th, Thomas Hartfield sold 6,986 shares of Landsea Homes stock. The shares were sold at an average price of $11.15, for a total value of $77,893.90.

Landsea Homes Price Performance

Shares of LSEA stock opened at $11.47 on Wednesday. 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 simple moving average is $11.59 and its 200 day simple moving average is $10.95. Landsea Homes Co. has a one year low of $8.28 and a one year high of $14.91. The firm has a market cap of $416.13 million, a price-to-earnings ratio of 15.93, a P/E/G ratio of 0.78 and a beta of 1.13.

Analyst Ratings Changes

A number of analysts have issued reports on LSEA shares. B. Riley reiterated a “buy” rating and issued a $18.00 target price (up from $17.00) on shares of Landsea Homes in a research note on Tuesday, November 5th. Wedbush upped their price objective on shares of Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Oppenheimer raised their price objective on Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Barclays upped their price target on shares of Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd.

Institutional Investors Weigh In On Landsea Homes

Large investors have recently made changes to their positions in the company. Rhumbline Advisers grew its stake in Landsea Homes by 4.3% during the second quarter. Rhumbline Advisers now owns 20,755 shares of the company’s stock worth $191,000 after buying an additional 862 shares during the last quarter. Algert Global LLC grew its position in Landsea Homes by 16.0% during the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after acquiring an additional 1,798 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Landsea Homes by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company’s stock valued at $1,402,000 after purchasing an additional 2,077 shares in the last quarter. Gladius Capital Management LP bought a new position in Landsea Homes in the 3rd quarter valued at $32,000. Finally, Signaturefd LLC acquired a new position in Landsea Homes in the second quarter worth $28,000. Institutional investors own 82.99% of the company’s stock.

About Landsea Homes

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.