Mill Road Capital Management LLC increased its stake in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 18.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 912,857 shares of the company's stock after purchasing an additional 140,786 shares during the period. Landsea Homes makes up approximately 5.4% of Mill Road Capital Management LLC's investment portfolio, making the stock its 9th largest position. Mill Road Capital Management LLC owned 2.52% of Landsea Homes worth $11,274,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Gladius Capital Management LP acquired a new stake in shares of Landsea Homes in the 3rd quarter valued at $32,000. Signaturefd LLC acquired a new stake in Landsea Homes during the 2nd quarter worth $28,000. Point72 Asset Management L.P. acquired a new stake in Landsea Homes during the 2nd quarter worth $31,000. Byrne Asset Management LLC acquired a new stake in Landsea Homes during the 2nd quarter worth $32,000. Finally, SG Americas Securities LLC acquired a new stake in Landsea Homes during the 3rd quarter worth $125,000. Hedge funds and other institutional investors own 82.99% of the company's stock.
Landsea Homes Stock Performance
NASDAQ LSEA traded down $0.25 during trading on Wednesday, reaching $11.36. The company's stock had a trading volume of 134,089 shares, compared to its average volume of 200,631. 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 firm has a market cap of $412.14 million, a price-to-earnings ratio of 15.79, a P/E/G ratio of 0.83 and a beta of 1.15. Landsea Homes Co. has a twelve month low of $8.28 and a twelve month high of $14.91. The business's fifty day moving average price is $11.38 and its 200-day moving average price is $11.00.
Wall Street Analyst Weigh In
Separately, B. Riley reiterated a "buy" rating and set a $18.00 price target (up from $17.00) on shares of Landsea Homes in a research note on Tuesday, November 5th.
Get Our Latest Stock Report on Landsea Homes
Insiders Place Their Bets
In related news, Director Thomas Hartfield sold 6,986 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $11.15, for a total value of $77,893.90. Following the sale, the director now owns 67,181 shares of the company's stock, valued at approximately $749,068.15. This represents a 9.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 51.00% of the stock is currently owned by insiders.
Landsea Homes Profile
(
Free Report)
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.
Further Reading
Before you consider Landsea Homes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Landsea Homes wasn't on the list.
While Landsea Homes currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
