Holdings Corp Landsea Sells 4,100,000 Shares of Landsea Homes Co. (NASDAQ:LSEA) Stock

Landsea Homes Co. (NASDAQ:LSEA) major shareholder Holdings Corp Landsea sold 4,100,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $6.00, for a total value of $24,600,000.00. Following the transaction, the insider now owns 12,840,729 shares in the company, valued at approximately $77,044,374. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Holdings Corp Landsea also recently made the following trade(s):

• On Friday, March 8th, Holdings Corp Landsea sold 2,800,000 shares of Landsea Homes stock. The shares were sold at an average price of $11.60, for a total transaction of $32,480,000.00.

Landsea Homes Trading Down 6.1 %

LSEA opened at $10.65 on Friday. The stock has a market capitalization of $385.31 million, a price-to-earnings ratio of 15.66 and a beta of 1.11. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. Landsea Homes Co. has a twelve month low of $7.00 and a twelve month high of $14.91. The company has a 50-day simple moving average of $12.00 and a 200 day simple moving average of $11.71.

Landsea Homes (NASDAQ:LSEA) last issued its earnings results on Wednesday, May 1st. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). The firm had revenue of $294.04 million during the quarter, compared to analyst estimates of $277.30 million. Landsea Homes had a net margin of 2.08% and a return on equity of 6.17%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Analysts predict that Landsea Homes Co. will post 1.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on LSEA. Barclays cut their price objective on shares of Landsea Homes from $14.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Wedbush reissued an “outperform” rating and set a $16.00 price target on shares of Landsea Homes in a research report on Wednesday, May 1st.

Institutional Investors Weigh In On Landsea Homes

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in shares of Landsea Homes by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 128,206 shares of the company’s stock worth $1,153,000 after buying an additional 5,721 shares during the last quarter. Byrne Asset Management LLC acquired a new position in Landsea Homes during the third quarter worth about $26,000. Jump Financial LLC bought a new position in shares of Landsea Homes in the third quarter worth about $228,000. Janney Montgomery Scott LLC boosted its stake in shares of Landsea Homes by 29.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 83,300 shares of the company’s stock valued at $749,000 after purchasing an additional 19,050 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Landsea Homes by 26.8% during the 3rd quarter. Foundry Partners LLC now owns 484,355 shares of the company’s stock valued at $4,354,000 after purchasing an additional 102,279 shares during the last quarter. 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.