Ming Tian Sells 2,521,740 Shares of Landsea Homes Co. (NASDAQ:LSEA) Stock

Landsea Homes Co. (NASDAQ:LSEA) Director Ming Tian sold 2,521,740 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 6,543,411 shares of the company’s stock, valued at approximately $67,069,962.75. This trade represents a 27.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Landsea Homes Price Performance

NASDAQ:LSEA opened at $10.07 on Friday. The business’s 50-day moving average price is $11.16 and its 200 day moving average price is $11.00. The firm has a market cap of $365.37 million, a P/E ratio of 13.99, a PEG ratio of 0.75 and a beta of 1.15. 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.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Landsea Homes

Institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its holdings in Landsea Homes by 27.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 39,548 shares of the company’s stock worth $488,000 after acquiring an additional 8,496 shares during the period. Virtu Financial LLC acquired a new stake in shares of Landsea Homes during the third quarter worth $167,000. Geode Capital Management LLC raised its stake in Landsea Homes by 13.1% during the 3rd quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock worth $5,328,000 after buying an additional 49,830 shares during the period. Barclays PLC raised its holdings in shares of Landsea Homes by 87.0% during the third quarter. Barclays PLC now owns 209,290 shares of the company’s stock worth $2,585,000 after acquiring an additional 97,391 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Landsea Homes during the 3rd quarter worth approximately $268,000. 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.