Barclays Lowers Landsea Homes (NASDAQ:LSEA) Price Target to $7.00

Landsea Homes (NASDAQ:LSEA) had its target price lowered by Barclays from $9.00 to $7.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

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 Trading Down 5.5 %

Shares of NASDAQ:LSEA opened at $6.73 on Monday. Landsea Homes has a 1 year low of $6.54 and a 1 year high of $14.91. The stock’s fifty day moving average price is $8.18 and its 200-day moving average price is $10.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The company has a market cap of $244.18 million, a P/E ratio of 9.35, a PEG ratio of 0.45 and a beta of 1.19.

Insider Buying and Selling

In other Landsea Homes news, major shareholder Huaijun Chen sold 3,565,217 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 534,783 shares in the company, valued at approximately $5,481,525.75. This represents a 86.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ming Tian sold 2,521,740 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 $25,847,835.00. Following the completion of the transaction, the director now owns 6,543,411 shares in the company, valued at approximately $67,069,962.75. This trade represents a 27.82 % decrease in their position. The disclosure for this sale can be found here. 51.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Landsea Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSEA. Mill Road Capital Management LLC grew its stake in shares of Landsea Homes by 99.2% in 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 buying an additional 905,424 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Landsea Homes during the fourth quarter worth about $7,252,000. Nokomis Capital L.L.C. increased its position in Landsea Homes by 51.5% in 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 acquiring an additional 558,834 shares during the period. Voss Capital LP increased its position in Landsea Homes by 72.6% in the 4th quarter. Voss Capital LP now owns 1,320,153 shares of the company’s stock valued at $11,208,000 after acquiring an additional 555,153 shares during the period. Finally, B. Riley Financial Inc. acquired a new position in Landsea Homes during the 4th quarter worth approximately $4,246,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.