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

Landsea Homes Co. (NASDAQ:LSEA - Get Free Report) major shareholder Holdings Corp Landsea sold 4,100,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $6.00, for a total transaction of $24,600,000.00. Following the transaction, the insider now directly owns 12,840,729 shares of the company's stock, valued at approximately $77,044,374. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases 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 stock was sold at an average price of $11.60, for a total transaction of $32,480,000.00.

Landsea Homes Stock Up 10.0 %

Shares of LSEA traded up $1.03 during midday trading on Wednesday, reaching $11.34. The stock had a trading volume of 406,555 shares, compared to its average volume of 217,391. Landsea Homes Co. has a 1-year low of $7.00 and a 1-year high of $14.91. The company's fifty day simple moving average is $12.07 and its two-hundred day simple moving average is $11.72. The company has a market cap of $410.28 million, a price-to-earnings ratio of 16.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.13 and a quick ratio of 2.13.

Landsea Homes (NASDAQ:LSEA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). Landsea Homes had a net margin of 2.08% and a return on equity of 6.17%. The firm had revenue of $294.04 million during the quarter, compared to analyst estimates of $277.30 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. Equities research analysts expect that Landsea Homes Co. will post 1.4 earnings per share for the current year.

Institutional Investors Weigh In On Landsea Homes

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hood River Capital Management LLC raised its holdings in shares of Landsea Homes by 82.3% in the 1st quarter. Hood River Capital Management LLC now owns 482,339 shares of the company's stock valued at $7,008,000 after purchasing an additional 217,767 shares in the last quarter. Acadian Asset Management LLC raised its stake in Landsea Homes by 20.4% during the 1st quarter. Acadian Asset Management LLC now owns 701,711 shares of the company's stock worth $10,191,000 after acquiring an additional 118,802 shares in the last quarter. Vanguard Group Inc. raised its stake in Landsea Homes by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 774,128 shares of the company's stock worth $11,248,000 after acquiring an additional 6,159 shares in the last quarter. Foundry Partners LLC raised its stake in Landsea Homes by 0.5% during the 1st quarter. Foundry Partners LLC now owns 479,030 shares of the company's stock worth $6,960,000 after acquiring an additional 2,190 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Landsea Homes by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company's stock worth $1,402,000 after acquiring an additional 2,077 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wedbush reissued an "outperform" rating and issued a $16.00 price target on shares of Landsea Homes in a research report on Wednesday, May 1st. Barclays decreased their price target on shares of Landsea Homes from $14.00 to $11.00 and set an "equal weight" rating for the company in a research report on Thursday, May 2nd.

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.