Foundry Partners LLC Grows Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Foundry Partners LLC raised its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 16.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 441,455 shares of the company's stock after purchasing an additional 63,295 shares during the period. Foundry Partners LLC owned 1.22% of Landsea Homes worth $3,748,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LSEA. Wellington Management Group LLP raised its stake in Landsea Homes by 52.4% in the fourth quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company's stock worth $8,989,000 after buying an additional 363,900 shares in the last quarter. Heartland Advisors Inc. bought a new position in shares of Landsea Homes in the 4th quarter worth $7,252,000. Geode Capital Management LLC boosted its holdings in shares of Landsea Homes by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 439,087 shares of the company's stock valued at $3,729,000 after buying an additional 7,773 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of Landsea Homes in the 4th quarter worth $2,890,000. Finally, State Street Corp increased its holdings in shares of Landsea Homes by 1.4% during the third quarter. State Street Corp now owns 327,961 shares of the company's stock valued at $4,050,000 after acquiring an additional 4,433 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Landsea Homes Stock Performance

Shares of Landsea Homes stock traded down $0.35 during trading on Thursday, hitting $5.69. 73,891 shares of the company's stock were exchanged, compared to its average volume of 259,027. Landsea Homes Co. has a 52-week low of $5.41 and a 52-week high of $14.04. 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 stock has a market capitalization of $206.54 million, a price-to-earnings ratio of 7.78, a PEG ratio of 0.45 and a beta of 1.46. The business has a 50-day simple moving average of $7.27 and a 200-day simple moving average of $9.20.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Wedbush reissued an "outperform" rating and set a $15.00 price objective on shares of Landsea Homes in a report on Wednesday, March 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.