Heartland Advisors Inc. Makes New $7.25 Million Investment in Landsea Homes Co. (NASDAQ:LSEA)

Heartland Advisors Inc. purchased a new stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 854,144 shares of the company's stock, valued at approximately $7,252,000. Heartland Advisors Inc. owned about 2.35% of Landsea Homes as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new position in Landsea Homes in the fourth quarter valued at $208,000. LPL Financial LLC acquired a new stake in shares of Landsea Homes in the 4th quarter valued at about $751,000. Sei Investments Co. grew its stake in Landsea Homes by 78.5% during the 4th quarter. Sei Investments Co. now owns 291,409 shares of the company's stock worth $2,474,000 after buying an additional 128,159 shares during the last quarter. Boston Partners increased its position in Landsea Homes by 109.4% during the fourth quarter. Boston Partners now owns 102,835 shares of the company's stock worth $873,000 after buying an additional 53,714 shares during the period. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in Landsea Homes in the fourth quarter valued at approximately $600,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LSEA has been the topic of a number of research reports. Barclays lowered 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 research report on Monday, March 3rd. Wedbush restated 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 Stock Performance

Shares of NASDAQ LSEA traded up $0.26 during mid-day trading on Wednesday, hitting $6.50. 136,005 shares of the company were exchanged, compared to its average volume of 254,609. The stock has a 50 day simple moving average of $7.66 and a 200-day simple moving average of $9.55. Landsea Homes Co. has a 1-year low of $6.16 and a 1-year high of $14.04. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The firm has a market cap of $236.15 million, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28.

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.