Landsea Homes Co. (NASDAQ:LSEA) Stock Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 56.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,032 shares of the company's stock after acquiring an additional 53,619 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.41% of Landsea Homes worth $1,841,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Rhumbline Advisers increased its position in Landsea Homes by 4.3% in the 2nd quarter. Rhumbline Advisers now owns 20,755 shares of the company's stock valued at $191,000 after acquiring an additional 862 shares during the period. Algert Global LLC lifted its position in shares of Landsea Homes by 16.0% in the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company's stock valued at $120,000 after acquiring an additional 1,798 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Landsea Homes by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company's stock worth $1,402,000 after buying an additional 2,077 shares during the period. Gladius Capital Management LP acquired a new position in shares of Landsea Homes in the 3rd quarter valued at about $32,000. Finally, Signaturefd LLC purchased a new stake in Landsea Homes in the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Landsea Homes Price Performance

Shares of Landsea Homes stock traded down $0.23 on Tuesday, reaching $11.47. The stock had a trading volume of 158,961 shares, compared to its average volume of 202,165. Landsea Homes Co. has a 1 year low of $8.28 and a 1 year high of $14.91. The business's 50 day moving average is $11.59 and its two-hundred day moving average is $10.95. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $416.13 million, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 0.78 and a beta of 1.13.

Insider Activity

In other news, Director Thomas Hartfield sold 6,986 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $11.15, for a total transaction of $77,893.90. Following the sale, the director now directly owns 67,181 shares of the company's stock, valued at $749,068.15. This represents a 9.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 51.00% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on LSEA. B. Riley reaffirmed a "buy" rating and set a $18.00 price objective (up from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th. Barclays raised their price target on Landsea Homes from $10.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd. Oppenheimer boosted their price objective on shares of Landsea Homes from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Finally, Wedbush raised their price objective on shares of Landsea Homes from $16.00 to $17.00 and gave the company an "outperform" rating in a research note on Friday, August 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.