Landsea Homes Co. (NASDAQ:LSEA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Landsea Homes Co. (NASDAQ:LSEA) by 13.1% during the 3rd quarter, Holdings Channel reports. The firm owned 431,314 shares of the company’s stock after purchasing an additional 49,830 shares during the period. Geode Capital Management LLC’s holdings in Landsea Homes were worth $5,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LSEA. Point72 Asset Management L.P. bought a new stake in Landsea Homes in the second quarter worth about $31,000. Gladius Capital Management LP bought a new stake in shares of Landsea Homes in the 3rd quarter worth approximately $32,000. Quarry LP acquired a new stake in Landsea Homes during the third quarter valued at approximately $44,000. Algert Global LLC boosted its holdings in Landsea Homes by 16.0% during the second quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after buying an additional 1,798 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Landsea Homes in the third quarter worth approximately $125,000. Institutional investors own 82.99% of the company’s stock.

Landsea Homes Price Performance

NASDAQ LSEA opened at $8.17 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market capitalization of $296.43 million, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 0.71 and a beta of 1.15. The company has a 50 day simple moving average of $10.27 and a 200-day simple moving average of $10.90. Landsea Homes Co. has a 52-week low of $8.08 and a 52-week high of $14.91.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Landsea Homes news, Director Ming Tian sold 2,521,740 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the transaction, the director now directly owns 6,543,411 shares of the company’s stock, valued at $67,069,962.75. This represents a 27.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Huaijun Chen sold 3,565,217 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $10.25, for a total value of $36,543,474.25. Following the completion of the transaction, the insider now directly owns 534,783 shares in the company, valued at $5,481,525.75. The trade was a 86.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,098,943 shares of company stock worth $62,522,303 in the last quarter. 51.00% of the stock is currently owned by corporate insiders.

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.