Barclays Issues Pessimistic Forecast for Landsea Homes (NASDAQ:LSEA) Stock Price

Landsea Homes (NASDAQ:LSEA) had its price target cut by research analysts at Barclays from $9.00 to $7.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 3.86% from the company’s current price.

Separately, B. Riley reaffirmed a “buy” rating and issued a $18.00 target price (up previously from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th.

Landsea Homes Stock Performance

Shares of NASDAQ LSEA opened at $6.74 on Monday. The firm’s 50-day moving average price is $8.14 and its 200-day moving average price is $10.22. Landsea Homes has a 52-week low of $6.54 and a 52-week high of $14.91. The company has a market cap of $244.55 million, a PE ratio of 9.36, a PEG ratio of 0.45 and a beta of 1.19. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.

Insider Activity

In other Landsea Homes news, major shareholder Huaijun Chen sold 3,565,217 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $10.25, for a total transaction of $36,543,474.25. Following the completion of the sale, the insider now owns 534,783 shares of the company’s stock, valued at approximately $5,481,525.75. The trade was a 86.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, the director now owns 6,543,411 shares of the company’s stock, valued at approximately $67,069,962.75. The trade was a 27.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 51.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LSEA. Mill Road Capital Management LLC lifted its holdings in Landsea Homes by 99.2% during the fourth quarter. Mill Road Capital Management LLC now owns 1,818,281 shares of the company’s stock valued at $15,437,000 after purchasing an additional 905,424 shares in the last quarter. Nokomis Capital L.L.C. raised its position in shares of Landsea Homes by 51.5% during the 4th quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company’s stock valued at $13,954,000 after purchasing an additional 558,834 shares during the period. Voss Capital LP lifted its stake in shares of Landsea Homes by 72.6% during the 4th quarter. Voss Capital LP now owns 1,320,153 shares of the company’s stock valued at $11,208,000 after buying an additional 555,153 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Landsea Homes by 13.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,271,249 shares of the company’s stock worth $10,793,000 after buying an additional 151,520 shares during the period. Finally, Wellington Management Group LLP increased its stake in Landsea Homes by 52.4% in the 4th quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company’s stock worth $8,989,000 after buying an additional 363,900 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

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.