Landsea Homes (NASDAQ:LSEA – Get Free Report) 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.
View Our Latest Analysis on LSEA
Landsea Homes Stock Performance
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.
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