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

Landsea Homes (NASDAQ:LSEA) had its price target cut by stock analysts at Barclays from $9.00 to $7.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 3.86% from the stock’s current price.

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

Landsea Homes Stock Performance

LSEA opened at $6.74 on Monday. Landsea Homes has a fifty-two week low of $6.54 and a fifty-two week high of $14.91. 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 company has a fifty day moving average of $8.14 and a 200 day moving average of $10.22. The stock has a market capitalization of $244.55 million, a price-to-earnings ratio of 9.36, a PEG ratio of 0.45 and a beta of 1.19.

Insider Activity

In other 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 value of $25,847,835.00. Following the sale, the director now owns 6,543,411 shares of the company’s stock, valued at approximately $67,069,962.75. This represents a 27.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Huaijun Chen sold 3,565,217 shares of the firm’s stock in a transaction dated 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 owns 534,783 shares of the company’s stock, valued at $5,481,525.75. This trade represents a 86.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 51.00% of the company’s stock.

Hedge Funds Weigh In On Landsea Homes

Several hedge funds have recently added to or reduced their stakes in LSEA. Mill Road Capital Management LLC boosted its position in shares of Landsea Homes by 99.2% during the fourth quarter. Mill Road Capital Management LLC now owns 1,818,281 shares of the company’s stock valued at $15,437,000 after buying an additional 905,424 shares during the period. Nokomis Capital L.L.C. lifted its stake in shares of Landsea Homes by 51.5% during the 4th quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company’s stock worth $13,954,000 after acquiring an additional 558,834 shares during the last quarter. Voss Capital LP lifted its stake in shares of Landsea Homes by 72.6% during the 4th quarter. Voss Capital LP now owns 1,320,153 shares of the company’s stock worth $11,208,000 after acquiring an additional 555,153 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Landsea Homes by 13.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,271,249 shares of the company’s stock valued at $10,793,000 after acquiring an additional 151,520 shares during the period. Finally, Wellington Management Group LLP grew its position in Landsea Homes by 52.4% in the 4th quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company’s stock valued at $8,989,000 after acquiring an additional 363,900 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

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.