Landsea Homes Co. (NASDAQ:LSEA) is Mill Road Capital Management LLC's 5th Largest Position

Mill Road Capital Management LLC grew its stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 99.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,818,281 shares of the company's stock after buying an additional 905,424 shares during the quarter. Landsea Homes makes up 7.4% of Mill Road Capital Management LLC's portfolio, making the stock its 5th biggest holding. Mill Road Capital Management LLC owned 5.01% of Landsea Homes worth $15,437,000 as of its most recent filing with the Securities & Exchange Commission.

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

Landsea Homes Price Performance

Shares of Landsea Homes stock opened at $6.04 on Thursday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a 12 month low of $5.41 and a 12 month high of $14.04. The stock has a 50 day moving average of $6.83 and a 200 day moving average of $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.

Wall Street Analyst Weigh In

LSEA has been the subject of a number of research analyst reports. Wedbush reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Landsea Homes in a report on Wednesday, March 5th. Barclays cut their target price on shares of 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 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.

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