Heartland Advisors Inc. Takes $7.25 Million Position in Landsea Homes Co. (NASDAQ:LSEA)

Heartland Advisors Inc. bought a new position in Landsea Homes Co. (NASDAQ:LSEA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 854,144 shares of the company's stock, valued at approximately $7,252,000. Heartland Advisors Inc. owned about 2.35% of Landsea Homes at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Peregrine Capital Management LLC bought a new position in shares of Landsea Homes in the 4th quarter valued at $2,890,000. Mill Road Capital Management LLC raised its position in Landsea Homes by 18.2% in the third quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company's stock valued at $11,274,000 after purchasing an additional 140,786 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Landsea Homes by 78.5% during the fourth quarter. Sei Investments Co. now owns 291,409 shares of the company's stock valued at $2,474,000 after purchasing an additional 128,159 shares in the last quarter. Wellington Management Group LLP grew 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 worth $8,582,000 after purchasing an additional 119,500 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Landsea Homes by 87.0% in the third quarter. Barclays PLC now owns 209,290 shares of the company's stock valued at $2,585,000 after buying an additional 97,391 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

LSEA has been the topic of a number of research reports. Barclays reduced their target price on shares of Landsea Homes from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Wedbush reissued an "outperform" rating and issued a $15.00 price objective on shares of Landsea Homes in a research note on Wednesday, March 5th.

Landsea Homes Trading Up 0.6 %

NASDAQ:LSEA traded up $0.04 on Monday, reaching $6.42. 291,897 shares of the stock traded hands, compared to its average volume of 254,833. The firm has a market capitalization of $233.24 million, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28. Landsea Homes Co. has a 1-year low of $6.19 and a 1-year high of $14.72. 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's 50 day moving average is $7.73 and its 200-day moving average is $9.63.

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.