Landsea Homes Co. (NASDAQ:LSEA) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in Landsea Homes Co. (NASDAQ:LSEA) by 87.0% in the third quarter, HoldingsChannel reports. The fund owned 209,290 shares of the company’s stock after purchasing an additional 97,391 shares during the quarter. Barclays PLC’s holdings in Landsea Homes were worth $2,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Landsea Homes by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,050,926 shares of the company’s stock worth $9,658,000 after purchasing an additional 24,157 shares during the period. Mill Road Capital Management LLC lifted its holdings in shares of Landsea Homes by 18.2% in the third quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock valued at $11,274,000 after buying an additional 140,786 shares during the period. Wellington Management Group LLP boosted its stake in Landsea Homes by 20.8% during the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock valued at $8,582,000 after buying an additional 119,500 shares in the last quarter. First Washington CORP grew its holdings in Landsea Homes by 2.1% during the second quarter. First Washington CORP now owns 668,971 shares of the company’s stock worth $6,148,000 after acquiring an additional 13,485 shares during the period. Finally, State Street Corp raised its position in Landsea Homes by 1.4% in the third quarter. State Street Corp now owns 327,961 shares of the company’s stock worth $4,050,000 after acquiring an additional 4,433 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, 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 transaction, the insider now owns 534,783 shares of the company’s stock, valued at approximately $5,481,525.75. This trade represents a 86.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Hartfield sold 6,986 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $11.15, for a total transaction of $77,893.90. Following the sale, the director now directly owns 67,181 shares in the company, valued at approximately $749,068.15. This trade represents a 9.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,098,943 shares of company stock valued at $62,522,303. 51.00% of the stock is owned by corporate insiders.

Landsea Homes Stock Performance

Shares of NASDAQ LSEA opened at $8.69 on Wednesday. Landsea Homes Co. has a 52-week low of $8.28 and a 52-week high of $14.91. The stock has a market capitalization of $315.30 million, a price-to-earnings ratio of 12.07, a PEG ratio of 0.74 and a beta of 1.15. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The stock’s fifty day simple moving average is $10.86 and its 200 day simple moving average is $10.98.

Analysts Set New Price Targets

Separately, B. Riley reaffirmed a “buy” rating and issued 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 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.