Hood River Capital Management LLC Has $1.85 Million Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Hood River Capital Management LLC trimmed its holdings in Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 55.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,422 shares of the company's stock after selling 269,183 shares during the period. Hood River Capital Management LLC owned 0.60% of Landsea Homes worth $1,854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Summit Securities Group LLC acquired a new stake in Landsea Homes during the 4th quarter valued at $38,000. Tower Research Capital LLC TRC lifted its stake in shares of Landsea Homes by 100.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock worth $63,000 after buying an additional 3,721 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Landsea Homes by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,306 shares of the company's stock worth $104,000 after buying an additional 1,870 shares during the last quarter. SG Americas Securities LLC grew its stake in Landsea Homes by 30.5% in the 4th quarter. SG Americas Securities LLC now owns 13,175 shares of the company's stock valued at $112,000 after buying an additional 3,080 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Landsea Homes in the 3rd quarter valued at about $167,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LSEA. Wedbush restated an "outperform" rating and set a $15.00 price objective on shares of Landsea Homes in a report on Wednesday, March 5th. Barclays reduced their price target on Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th.

Landsea Homes Stock Performance

Shares of NASDAQ:LSEA opened at $6.04 on Thursday. Landsea Homes Co. has a 12-month low of $5.41 and a 12-month high of $14.04. The company's 50 day moving average price is $6.83 and its two-hundred day moving average price is $8.78. The firm has a market cap of $219.43 million, a PE ratio of 8.39, a PEG ratio of 0.45 and a beta of 1.46. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.

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.

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