Arrowstreet Capital Limited Partnership Sells 110,688 Shares of Landsea Homes Co. (NASDAQ:LSEA)

Arrowstreet Capital Limited Partnership lessened its stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 48.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,942 shares of the company's stock after selling 110,688 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.33% of Landsea Homes worth $1,001,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Heartland Advisors Inc. acquired a new position in Landsea Homes in the 4th quarter worth $7,252,000. Peregrine Capital Management LLC acquired a new position in shares of Landsea Homes during the fourth quarter worth about $2,890,000. Sei Investments Co. grew its holdings 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 worth $2,474,000 after buying an additional 128,159 shares in the last quarter. Wellington Management Group LLP raised its position in Landsea Homes by 20.8% in the 3rd quarter. Wellington Management Group LLP now owns 694,900 shares of the company's stock valued at $8,582,000 after buying an additional 119,500 shares during the last quarter. Finally, Barclays PLC lifted its stake in Landsea Homes by 87.0% in the 3rd quarter. Barclays PLC now owns 209,290 shares of the company's stock valued at $2,585,000 after acquiring an additional 97,391 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

LSEA has been the topic of a number of recent research reports. Wedbush reiterated an "outperform" rating and issued a $15.00 price objective on shares of Landsea Homes in a report on Wednesday, March 5th. Barclays cut their price target on shares of Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th.

Landsea Homes Stock Performance

Shares of LSEA traded up $0.12 during mid-day trading on Thursday, reaching $5.89. The company's stock had a trading volume of 24,376 shares, compared to its average volume of 259,188. 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 1-year low of $5.41 and a 1-year high of $14.04. The business has a 50-day simple moving average of $7.05 and a two-hundred day simple moving average of $8.99. The stock has a market cap of $213.98 million, a P/E ratio of 8.20, a PEG ratio of 0.45 and a beta of 1.46.

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.