State Street Corp Purchases 4,433 Shares of Landsea Homes Co. (NASDAQ:LSEA)

State Street Corp grew its position in shares of Landsea Homes Co. (NASDAQ:LSEA) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,961 shares of the company’s stock after purchasing an additional 4,433 shares during the period. State Street Corp’s holdings in Landsea Homes were worth $4,050,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LSEA. Dimensional Fund Advisors LP grew its position in Landsea Homes by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,050,926 shares of the company’s stock worth $9,658,000 after buying an additional 24,157 shares in the last quarter. Mill Road Capital Management LLC boosted its position in shares of Landsea Homes by 18.2% during the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock valued at $11,274,000 after acquiring an additional 140,786 shares during the last quarter. First Washington CORP grew its holdings in shares of 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 purchasing an additional 13,485 shares in the last quarter. American Century Companies Inc. increased its position in shares of Landsea Homes by 2.0% in the second quarter. American Century Companies Inc. now owns 232,997 shares of the company’s stock worth $2,141,000 after purchasing an additional 4,494 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Landsea Homes by 5.4% in the third quarter. Empowered Funds LLC now owns 184,148 shares of the company’s stock worth $2,274,000 after purchasing an additional 9,380 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Activity

In other Landsea Homes news, 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 value of $25,847,835.00. Following the completion of the sale, the director now directly owns 6,543,411 shares of the company’s stock, valued at $67,069,962.75. The trade was a 27.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas Hartfield sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $10.62, for a total transaction of $53,100.00. Following the sale, the director now owns 59,181 shares of the company’s stock, valued at approximately $628,502.22. The trade was a 7.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,098,943 shares of company stock worth $62,522,303. 51.00% of the stock is currently owned by insiders.

Landsea Homes Trading Down 1.8 %

NASDAQ LSEA opened at $8.54 on Tuesday. The stock’s 50-day simple moving average is $10.58 and its two-hundred day simple moving average is $10.95. Landsea Homes Co. has a twelve month low of $8.28 and a twelve month high of $14.91. 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 company has a market capitalization of $309.86 million, a price-to-earnings ratio of 11.86, a PEG ratio of 0.71 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Separately, B. Riley reissued a “buy” rating and issued a $18.00 price target (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.