Landsea Homes Co. (NASDAQ:LSEA) Director Ming Tian Sells 2,521,740 Shares

Landsea Homes Co. (NASDAQ:LSEA) Director Ming Tian sold 2,521,740 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 $25,847,835.00. Following the sale, the director now owns 6,543,411 shares of the company’s stock, valued at approximately $67,069,962.75. The trade was a 27.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Landsea Homes Price Performance

Shares of LSEA opened at $9.87 on Friday. Landsea Homes Co. has a 12 month low of $8.28 and a 12 month high of $14.91. 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 has a fifty day moving average price of $11.12 and a 200 day moving average price of $11.00. The company has a market cap of $358.11 million, a P/E ratio of 13.71, a PEG ratio of 0.74 and a beta of 1.15.

Hedge Funds Weigh In On Landsea Homes

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its position in Landsea Homes by 4.3% in the 2nd quarter. Rhumbline Advisers now owns 20,755 shares of the company’s stock valued at $191,000 after purchasing an additional 862 shares during the last quarter. Algert Global LLC increased its stake in shares of Landsea Homes by 16.0% in the second quarter. Algert Global LLC now owns 13,043 shares of the company’s stock valued at $120,000 after purchasing an additional 1,798 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Landsea Homes in the third quarter valued at approximately $32,000. Signaturefd LLC bought a new stake in shares of Landsea Homes during the second quarter valued at approximately $28,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Landsea Homes during the second quarter worth approximately $31,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.