XTX Topco Ltd Acquires Shares of 21,740 Landsea Homes Co. (NASDAQ:LSEA)

XTX Topco Ltd bought a new stake in Landsea Homes Co. (NASDAQ:LSEA) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 21,740 shares of the company’s stock, valued at approximately $268,000.

Several other hedge funds have also modified their holdings of LSEA. Algert Global LLC increased its stake in shares of 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 purchasing an additional 1,798 shares in the last quarter. Wellington Management Group LLP grew its holdings in Landsea Homes by 20.8% in the 3rd quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock valued at $8,582,000 after buying an additional 119,500 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Landsea Homes during the second quarter worth about $494,000. Aristeia Capital L.L.C. purchased a new stake in shares of Landsea Homes during the 2nd quarter valued at approximately $670,000. Finally, Mill Road Capital Management LLC lifted its stake in shares of Landsea Homes by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock valued at $11,274,000 after purchasing an additional 140,786 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Landsea Homes

In other news, Director Thomas Hartfield sold 5,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $10.62, for a total transaction of $53,100.00. Following the completion of the sale, the director now directly owns 59,181 shares of the company’s stock, valued at $628,502.22. The trade was a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Huaijun Chen sold 3,565,217 shares of the 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 $36,543,474.25. Following the sale, the insider now directly owns 534,783 shares of the company’s stock, 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. In the last three months, insiders have sold 6,098,943 shares of company stock valued at $62,522,303. Insiders own 51.00% of the company’s stock.

Analysts Set New Price Targets

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

Landsea Homes Stock Down 5.9 %

LSEA stock opened at $8.90 on Thursday. Landsea Homes Co. has a one year low of $8.28 and a one year high of $14.91. The company has a fifty day moving average of $11.00 and a 200-day moving average of $11.00. The stock has a market capitalization of $322.92 million, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81.

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.