Landsea Homes Co. (NASDAQ:LSEA) Shares Acquired by Barclays PLC

Barclays PLC boosted its position in shares of Landsea Homes Co. (NASDAQ:LSEA) by 87.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,290 shares of the company’s stock after purchasing an additional 97,391 shares during the period. Barclays PLC owned approximately 0.58% of Landsea Homes worth $2,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Landsea Homes by 20.8% during the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock worth $8,582,000 after acquiring an additional 119,500 shares during the last quarter. Algert Global LLC grew its stake in 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 purchasing an additional 1,798 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Landsea Homes during the 2nd quarter worth approximately $494,000. Mill Road Capital Management LLC raised its position in shares of Landsea Homes by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock valued at $11,274,000 after purchasing an additional 140,786 shares in the last quarter. Finally, Aristeia Capital L.L.C. purchased a new position in shares of Landsea Homes during the 2nd quarter valued at approximately $670,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Landsea Homes Trading Down 1.3 %

Shares of NASDAQ LSEA opened at $8.69 on Wednesday. The stock has a market capitalization of $315.30 million, a P/E ratio of 12.07, a PEG ratio of 0.74 and a beta of 1.15. The stock’s 50 day moving average price is $10.86 and its two-hundred day moving average price is $10.98. 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 52-week low of $8.28 and a 52-week high of $14.91.

Wall Street Analysts Forecast Growth

Separately, B. Riley reaffirmed a “buy” rating and issued a $18.00 price target (up from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th.

Insider Activity at Landsea Homes

In other news, major shareholder Huaijun Chen sold 3,565,217 shares of the company’s 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 completion of the transaction, the insider now directly owns 534,783 shares of the company’s stock, valued at approximately $5,481,525.75. This represents a 86.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Hartfield sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $10.62, for a total value of $53,100.00. Following the completion of the sale, the director now directly owns 59,181 shares in the company, valued at approximately $628,502.22. This trade represents a 7.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,098,943 shares of company stock valued at $62,522,303. Corporate insiders own 51.00% of the company’s stock.

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.