Landsea Homes Co. (NASDAQ:LSEA) Short Interest Update

Landsea Homes Co. (NASDAQ:LSEA) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 739,500 shares, a drop of 17.6% from the January 31st total of 897,300 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average daily volume of 336,700 shares, the short-interest ratio is presently 2.2 days.

Insider Activity

In other news, Director Ming Tian sold 2,521,740 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 6,543,411 shares in the company, valued at $67,069,962.75. This represents a 27.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Huaijun Chen sold 3,565,217 shares of Landsea Homes stock in a transaction dated 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. This represents a 86.96 % decrease in their position. The disclosure for this sale can be found here. 51.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Landsea Homes

Several hedge funds have recently added to or reduced their stakes in the business. Gladius Capital Management LP bought a new position in shares of Landsea Homes in the third quarter valued at about $32,000. Summit Securities Group LLC bought a new position in Landsea Homes in the 4th quarter valued at about $38,000. Quarry LP acquired a new stake in Landsea Homes during the third quarter worth approximately $44,000. Tower Research Capital LLC TRC boosted its holdings in shares of Landsea Homes by 100.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company’s stock worth $63,000 after acquiring an additional 3,721 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Landsea Homes by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,306 shares of the company’s stock valued at $104,000 after purchasing an additional 1,870 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Landsea Homes Stock Performance

Shares of LSEA traded up $0.31 during mid-day trading on Wednesday, reaching $7.05. The company’s stock had a trading volume of 375,075 shares, compared to its average volume of 315,623. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes has a 1-year low of $6.54 and a 1-year high of $14.91. The business has a 50-day simple moving average of $8.14 and a two-hundred day simple moving average of $10.22. The stock has a market cap of $255.80 million, a P/E ratio of 9.79, a PEG ratio of 0.45 and a beta of 1.19.

Analysts Set New Price Targets

LSEA has been the topic of several recent analyst reports. Barclays lowered their price target on Landsea Homes from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday. B. Riley restated a “buy” rating and set a $18.00 target price (up from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $15.00 price target on shares of Landsea Homes in a research note on Wednesday.

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.