SG Americas Securities LLC Purchases 3,080 Shares of Landsea Homes Co. (NASDAQ:LSEA)

SG Americas Securities LLC raised its position in shares of Landsea Homes Co. (NASDAQ:LSEA) by 30.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,175 shares of the company’s stock after purchasing an additional 3,080 shares during the quarter. SG Americas Securities LLC’s holdings in Landsea Homes were worth $112,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Gladius Capital Management LP purchased a new stake in shares of Landsea Homes during the third quarter valued at approximately $32,000. Quarry LP purchased a new stake in Landsea Homes during the 3rd quarter valued at $44,000. Virtu Financial LLC bought a new stake in shares of Landsea Homes in the 3rd quarter worth $167,000. Centiva Capital LP bought a new stake in shares of Landsea Homes in the 3rd quarter worth $170,000. Finally, XTX Topco Ltd purchased a new position in shares of Landsea Homes in the third quarter worth $268,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Landsea Homes Price Performance

NASDAQ LSEA opened at $8.05 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. Landsea Homes Co. has a 1-year low of $7.58 and a 1-year high of $14.91. The stock has a market capitalization of $292.08 million, a price-to-earnings ratio of 11.18, a PEG ratio of 0.44 and a beta of 1.19. The business’s fifty day moving average price is $8.65 and its 200-day moving average price is $10.57.

Analyst Upgrades and Downgrades

Several research firms recently commented on LSEA. Barclays dropped their price objective on Landsea Homes from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. B. Riley reaffirmed a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th.

Insider Buying and Selling at Landsea Homes

In related news, major shareholder Huaijun Chen sold 3,565,217 shares of the business’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 transaction of $36,543,474.25. Following the completion of the sale, the insider now directly owns 534,783 shares in the company, valued at approximately $5,481,525.75. The trade was a 86.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas Hartfield sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $10.62, for a total transaction of $53,100.00. Following the sale, the director now owns 59,181 shares of the company’s stock, valued at $628,502.22. This trade represents a 7.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,091,957 shares of company stock valued at $62,444,409. 51.00% of the stock is owned by company insiders.

Landsea Homes 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.