Inspire Investing LLC Has $401,000 Stock Position in Landsea Homes Co. (NASDAQ:LSEA)

Inspire Investing LLC boosted its holdings in Landsea Homes Co. (NASDAQ:LSEA) by 40.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,176 shares of the company’s stock after acquiring an additional 13,500 shares during the quarter. Inspire Investing LLC’s holdings in Landsea Homes were worth $401,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LSEA. Rhumbline Advisers lifted its holdings in shares of Landsea Homes by 4.3% in the second quarter. Rhumbline Advisers now owns 20,755 shares of the company’s stock valued at $191,000 after purchasing an additional 862 shares in the last quarter. Algert Global LLC lifted its stake in Landsea Homes by 16.0% during the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock valued at $120,000 after acquiring an additional 1,798 shares in the last quarter. Gladius Capital Management LP purchased a new position in Landsea Homes during the 3rd quarter worth $32,000. SG Americas Securities LLC grew its stake in shares of Landsea Homes by 30.5% in the 4th quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock worth $112,000 after acquiring an additional 3,080 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Landsea Homes in the second quarter valued at about $31,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LSEA shares. B. Riley reiterated 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. Barclays dropped their price target on Landsea Homes from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th.

Insider Buying and Selling at Landsea Homes

In other news, Director Ming Tian sold 2,521,740 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 $25,847,835.00. Following the completion of the transaction, the director now owns 6,543,411 shares in the company, valued at $67,069,962.75. This trade represents a 27.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Hartfield sold 5,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $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. Over the last ninety days, insiders sold 6,098,943 shares of company stock valued at $62,522,303. Company insiders own 51.00% of the company’s stock.

Landsea Homes Stock Up 0.5 %

Landsea Homes stock opened at $8.45 on Monday. 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 $306.57 million, a P/E ratio of 11.74, a P/E/G ratio of 0.41 and a beta of 1.20. The firm has a 50 day moving average price of $9.44 and a 200-day moving average price of $10.83. Landsea Homes Co. has a twelve month low of $7.58 and a twelve month high of $14.91.

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.