Landsea Homes Co. (NASDAQ:LSEA) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Landsea Homes Co. (NASDAQ:LSEAFree Report) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 393,936 shares of the company’s stock after selling 17,534 shares during the period. JPMorgan Chase & Co. owned about 1.09% of Landsea Homes worth $4,865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LSEA. Gladius Capital Management LP acquired a new position in shares of Landsea Homes in the 3rd quarter valued at $32,000. Point72 Asset Management L.P. purchased a new position in Landsea Homes in the second quarter valued at $31,000. Quarry LP acquired a new position in shares of Landsea Homes in the third quarter worth about $44,000. SG Americas Securities LLC purchased a new stake in shares of Landsea Homes during the 3rd quarter worth about $125,000. Finally, Algert Global LLC grew its position in shares of 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 during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Landsea Homes Stock Up 1.1 %

LSEA opened at $8.14 on Friday. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a twelve month low of $7.58 and a twelve month high of $14.91. The company has a market cap of $295.32 million, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.38 and a beta of 1.20. The company has a 50-day moving average price of $9.67 and a 200 day moving average price of $10.81.

Insider Buying and Selling at Landsea Homes

In other Landsea Homes news, Director Ming Tian sold 2,521,740 shares of Landsea Homes stock in a transaction on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the sale, the director now owns 6,543,411 shares of the company’s stock, valued at $67,069,962.75. The trade was a 27.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Huaijun Chen sold 3,565,217 shares of the stock in a transaction dated Monday, December 9th. The shares were 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 $5,481,525.75. This trade represents a 86.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,098,943 shares of company stock valued at $62,522,303 over the last quarter. 51.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on LSEA. B. Riley reiterated a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th. Barclays decreased their target price on Landsea Homes from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday.

Get Our Latest Stock Analysis on LSEA

Landsea Homes Profile

(Free Report)

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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Institutional Ownership by Quarter for Landsea Homes (NASDAQ:LSEA)

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