Summit Global Investments Purchases New Position in Landsea Homes Co. (NASDAQ:LSEA)

Summit Global Investments acquired a new position in Landsea Homes Co. (NASDAQ:LSEA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,301 shares of the company’s stock, valued at approximately $350,000.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in shares of Landsea Homes by 4.3% during the second quarter. Rhumbline Advisers now owns 20,755 shares of the company’s stock valued at $191,000 after acquiring an additional 862 shares in the last quarter. Algert Global LLC increased its position in Landsea Homes by 16.0% during the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock valued at $120,000 after purchasing an additional 1,798 shares during the period. Russell Investments Group Ltd. raised its holdings in Landsea Homes by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company’s stock worth $1,402,000 after purchasing an additional 2,077 shares in the last quarter. Foundry Partners LLC lifted its position in shares of Landsea Homes by 0.5% in the 1st quarter. Foundry Partners LLC now owns 479,030 shares of the company’s stock worth $6,960,000 after purchasing an additional 2,190 shares during the period. Finally, Signaturefd LLC bought a new stake in shares of Landsea Homes during the 2nd quarter valued at about $28,000. 82.99% of the stock is currently owned by institutional investors.

Insider Activity at Landsea Homes

In other news, Director Thomas Hartfield sold 6,986 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $11.15, for a total value of $77,893.90. Following the sale, the director now directly owns 67,181 shares of the company’s stock, valued at approximately $749,068.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Landsea Homes news, Director Thomas Hartfield sold 6,986 shares of Landsea Homes stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $11.15, for a total value of $77,893.90. Following the completion of the transaction, the director now directly owns 67,181 shares of the company’s stock, valued at approximately $749,068.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elias Farhat sold 60,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $12.07, for a total transaction of $724,200.00. Following the sale, the director now owns 272,685 shares in the company, valued at approximately $3,291,307.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 51.00% of the stock is owned by corporate insiders.

Landsea Homes Price Performance

Shares of NASDAQ LSEA opened at $11.08 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.70 and a current ratio of 2.81. The company has a 50 day simple moving average of $11.81 and a two-hundred day simple moving average of $10.93. Landsea Homes Co. has a fifty-two week low of $8.28 and a fifty-two week high of $14.91. The company has a market capitalization of $401.98 million, a price-to-earnings ratio of 15.39, a P/E/G ratio of 0.79 and a beta of 1.13.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LSEA shares. Oppenheimer increased their price target on shares of Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Wedbush increased their target price on Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Barclays lifted their price target on Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th.

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.