Jane Street Group LLC Purchases 16,408 Shares of Landsea Homes Co. (NASDAQ:LSEA)

Jane Street Group LLC raised its position in shares of Landsea Homes Co. (NASDAQ:LSEA) by 40.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,393 shares of the company’s stock after acquiring an additional 16,408 shares during the period. Jane Street Group LLC owned approximately 0.16% of Landsea Homes worth $709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC acquired a new stake in Landsea Homes during the second quarter worth about $28,000. Point72 Asset Management L.P. acquired a new stake in shares of Landsea Homes during the 2nd quarter worth approximately $31,000. Gladius Capital Management LP bought a new stake in shares of Landsea Homes during the third quarter valued at approximately $32,000. Quarry LP acquired a new position in shares of Landsea Homes in the third quarter valued at $44,000. Finally, Algert Global LLC lifted its position in Landsea Homes by 16.0% in the second quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after purchasing an additional 1,798 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Landsea Homes Stock Performance

LSEA stock opened at $8.17 on Friday. Landsea Homes Co. has a 1-year low of $8.08 and a 1-year high of $14.91. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. The firm has a market cap of $296.43 million, a PE ratio of 11.35, a P/E/G ratio of 0.71 and a beta of 1.15. The business’s 50-day moving average price is $10.27 and its two-hundred day moving average price is $10.89.

Insider Buying and Selling

In other Landsea Homes news, Director Thomas Hartfield sold 5,000 shares of the company’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 transaction of $53,100.00. Following the completion of the transaction, the director now owns 59,181 shares of the company’s stock, valued at $628,502.22. This represents a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Huaijun Chen sold 3,565,217 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 534,783 shares in the company, valued at approximately $5,481,525.75. This represents a 86.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,943 shares of company stock worth $62,522,303 over the last ninety days. Company insiders own 51.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.