Bruce D. Frank Sells 11,671 Shares of Landsea Homes Co. (NASDAQ:LSEA) Stock

Landsea Homes Co. (NASDAQ:LSEA) Director Bruce D. Frank sold 11,671 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $9.70, for a total transaction of $113,208.70. Following the completion of the sale, the director now owns 40,752 shares of the company’s stock, valued at approximately $395,294.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Landsea Homes Stock Down 2.3 %

Landsea Homes stock opened at $9.53 on Friday. The firm has a market cap of $344.80 million, a PE ratio of 14.01, a P/E/G ratio of 0.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.13 and a current ratio of 2.13. The firm’s 50 day moving average price is $10.58 and its two-hundred day moving average price is $11.86. Landsea Homes Co. has a twelve month low of $7.00 and a twelve month high of $14.91.

Landsea Homes (NASDAQ:LSEA) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). The company had revenue of $294.04 million during the quarter, compared to analyst estimates of $277.30 million. Landsea Homes had a net margin of 2.08% and a return on equity of 6.17%. During the same quarter in the prior year, the company posted $0.18 EPS. On average, research analysts predict that Landsea Homes Co. will post 1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LSEA. AJOVista LLC acquired a new position in shares of Landsea Homes during the 4th quarter worth $64,000. Quarry LP acquired a new position in shares of Landsea Homes during the 4th quarter worth $90,000. LSV Asset Management acquired a new position in shares of Landsea Homes during the 4th quarter worth $135,000. New York State Common Retirement Fund increased its stake in shares of Landsea Homes by 3,727.9% during the 4th quarter. New York State Common Retirement Fund now owns 10,718 shares of the company’s stock worth $141,000 after purchasing an additional 10,438 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Landsea Homes during the 4th quarter worth $148,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LSEA shares. Barclays reduced 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. Oppenheimer started coverage on shares of Landsea Homes in a research report on Friday, May 31st. They issued an “outperform” rating and a $14.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $16.00 price objective on shares of Landsea Homes in a research note on Wednesday, May 1st.

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.