Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 73.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 40,123 shares of the company's stock after selling 108,909 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.11% of Landsea Homes worth $341,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSEA. Peregrine Capital Management LLC acquired a new position in shares of Landsea Homes during the fourth quarter valued at about $2,890,000. Mill Road Capital Management LLC raised its holdings in Landsea Homes by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company's stock valued at $11,274,000 after acquiring an additional 140,786 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Landsea Homes by 20.8% in the 3rd quarter. Wellington Management Group LLP now owns 694,900 shares of the company's stock worth $8,582,000 after acquiring an additional 119,500 shares during the period. Barclays PLC grew its holdings in shares of Landsea Homes by 87.0% during the 3rd quarter. Barclays PLC now owns 209,290 shares of the company's stock worth $2,585,000 after purchasing an additional 97,391 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Landsea Homes during the third quarter valued at approximately $890,000. Institutional investors and hedge funds own 82.99% of the company's stock.
Wall Street Analysts Forecast Growth
LSEA has been the topic of a number of recent research reports. Wedbush reiterated an "outperform" rating and set a $15.00 price target on shares of Landsea Homes in a research note on Wednesday, March 5th. 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 note on Monday, March 3rd.
Get Our Latest Stock Analysis on Landsea Homes
Landsea Homes Price Performance
Landsea Homes stock remained flat at $6.77 during mid-day trading on Thursday. The company's stock had a trading volume of 379,206 shares, compared to its average volume of 248,595. The company has a market capitalization of $245.95 million, a P/E ratio of 9.40, a PEG ratio of 0.45 and a beta of 1.28. The business has a fifty day moving average of $7.79 and a two-hundred day moving average of $9.72. Landsea Homes Co. has a 1 year low of $6.54 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81.
Landsea Homes Profile
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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.
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