XTX Topco Ltd Invests $268,000 in Landsea Homes Co. (NASDAQ:LSEA)

XTX Topco Ltd purchased a new stake in Landsea Homes Co. (NASDAQ:LSEA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,740 shares of the company’s stock, valued at approximately $268,000. XTX Topco Ltd owned approximately 0.06% of Landsea Homes as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LSEA. Algert Global LLC boosted its stake in shares of Landsea Homes by 16.0% in the second quarter. Algert Global LLC now owns 13,043 shares of the company’s stock valued at $120,000 after buying an additional 1,798 shares during the period. Wellington Management Group LLP increased its holdings in shares of Landsea Homes by 20.8% during the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock valued at $8,582,000 after acquiring an additional 119,500 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Landsea Homes during the 2nd quarter valued at about $494,000. Aristeia Capital L.L.C. purchased a new position in shares of Landsea Homes during the second quarter valued at approximately $670,000. Finally, Mill Road Capital Management LLC boosted its holdings in Landsea Homes by 18.2% during the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock worth $11,274,000 after acquiring an additional 140,786 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Landsea Homes Stock Down 5.9 %

Shares of NASDAQ:LSEA opened at $8.90 on Thursday. 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 firm 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 firm has a fifty day moving average of $11.00 and a 200 day moving average of $11.00. Landsea Homes Co. has a 52-week low of $8.28 and a 52-week high of $14.91.

Wall Street Analyst Weigh In

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

Insider Transactions at Landsea Homes

In other Landsea Homes news, 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 sale, the insider now directly owns 534,783 shares of the company’s stock, valued at $5,481,525.75. This trade represents a 86.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Hartfield sold 6,986 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $11.15, for a total transaction of $77,893.90. Following the completion of the sale, the director now owns 67,181 shares in the company, valued at approximately $749,068.15. The trade was a 9.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,098,943 shares of company stock worth $62,522,303. Company insiders own 51.00% of the company’s stock.

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.