Geode Capital Management LLC Raises Stake in Landsea Homes Co. (NASDAQ:LSEA)

Geode Capital Management LLC boosted its holdings in Landsea Homes Co. (NASDAQ:LSEA) by 13.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 431,314 shares of the company’s stock after buying an additional 49,830 shares during the period. Geode Capital Management LLC owned approximately 1.19% of Landsea Homes worth $5,328,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Landsea Homes by 4.3% in the second quarter. Rhumbline Advisers now owns 20,755 shares of the company’s stock worth $191,000 after buying an additional 862 shares during the period. American Century Companies Inc. boosted its holdings in Landsea Homes by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 232,997 shares of the company’s stock worth $2,141,000 after acquiring an additional 4,494 shares during the period. Dimensional Fund Advisors LP grew its position in Landsea Homes by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,050,926 shares of the company’s stock valued at $9,658,000 after acquiring an additional 24,157 shares in the last quarter. First Washington CORP raised its stake 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 valued at $6,148,000 after purchasing an additional 13,485 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Landsea Homes by 69.6% during the second quarter. Hsbc Holdings PLC now owns 17,702 shares of the company’s stock worth $159,000 after purchasing an additional 7,265 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Landsea Homes news, 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 value of $53,100.00. Following the completion of the transaction, the director now owns 59,181 shares in the company, valued at approximately $628,502.22. This represents a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Huaijun Chen sold 3,565,217 shares of Landsea Homes 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 $36,543,474.25. Following the sale, the insider now directly owns 534,783 shares in the company, valued at approximately $5,481,525.75. This trade represents a 86.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,943 shares of company stock worth $62,522,303 over the last quarter. 51.00% of the stock is owned by company insiders.

Landsea Homes Stock Down 1.3 %

Shares of NASDAQ:LSEA opened at $8.17 on Friday. Landsea Homes Co. has a 1-year low of $8.08 and a 1-year high of $14.91. The company’s fifty day moving average is $10.27 and its two-hundred day moving average is $10.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market capitalization of $296.43 million, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 0.71 and a beta of 1.15.

Analyst Ratings Changes

Separately, B. Riley reiterated 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.