Landsea Homes (NASDAQ:LSEA) Price Target Cut to $9.00 by Analysts at Barclays

Landsea Homes (NASDAQ:LSEA) had its price objective reduced by Barclays from $12.00 to $9.00 in a report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Separately, B. Riley reiterated 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 Stock Down 2.2 %

NASDAQ:LSEA opened at $8.05 on Thursday. The firm has a market capitalization of $292.05 million, a P/E ratio of 11.18, a PEG ratio of 0.38 and a beta of 1.20. The company’s fifty day moving average price is $9.79 and its 200-day moving average price is $10.83. Landsea Homes has a 1-year low of $7.58 and a 1-year 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.

Insider Buying and Selling

In related news, Director Ming Tian sold 2,521,740 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was 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 represents a 27.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Huaijun Chen sold 3,565,217 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 $36,543,474.25. Following the completion of the sale, the insider now directly owns 534,783 shares in the company, valued at approximately $5,481,525.75. The trade was a 86.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,098,943 shares of company stock valued at $62,522,303. Corporate insiders own 51.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LSEA. Point72 Asset Management L.P. acquired a new position in Landsea Homes during the second quarter worth $31,000. Gladius Capital Management LP acquired a new position in shares of Landsea Homes during the 3rd quarter worth about $32,000. Quarry LP purchased a new position in Landsea Homes in the 3rd quarter valued at about $44,000. Algert Global LLC boosted its holdings in Landsea Homes by 16.0% in the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after buying an additional 1,798 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Landsea Homes during the 3rd quarter worth approximately $125,000. Hedge funds and other institutional investors 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.