Barclays Cuts Landsea Homes (NASDAQ:LSEA) Price Target to $7.00

Landsea Homes (NASDAQ:LSEA) had its price target decreased by Barclays from $9.00 to $7.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

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

Landsea Homes Stock Performance

Shares of LSEA opened at $7.05 on Monday. The stock has a 50-day simple moving average of $8.11 and a 200-day simple moving average of $10.20. 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 $255.80 million, a PE ratio of 9.79, a PEG ratio of 0.45 and a beta of 1.19. Landsea Homes has a 1 year low of $6.54 and a 1 year high of $14.91.

Insider Buying and Selling

In other Landsea Homes news, Director Ming Tian sold 2,521,740 shares of Landsea Homes 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 $25,847,835.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Huaijun Chen sold 3,565,217 shares of Landsea Homes stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $10.25, for a total value of $36,543,474.25. Following the transaction, 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. 51.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in Landsea Homes during the fourth quarter worth approximately $158,000. Nokomis Capital L.L.C. increased its position in Landsea Homes by 51.5% during the fourth quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company’s stock worth $13,954,000 after buying an additional 558,834 shares during the period. Deutsche Bank AG increased its position in Landsea Homes by 104.7% during the fourth quarter. Deutsche Bank AG now owns 16,127 shares of the company’s stock worth $137,000 after buying an additional 8,250 shares during the period. Corton Capital Inc. acquired a new position in shares of Landsea Homes in the fourth quarter valued at approximately $215,000. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Landsea Homes by 2.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 408,230 shares of the company’s stock valued at $3,466,000 after purchasing an additional 9,353 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.