Landsea Homes (NASDAQ:LSEA - Free Report) had its target price reduced by Barclays from $7.00 to $6.00 in a report issued on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.
Separately, Wedbush reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Landsea Homes in a research note on Wednesday, March 5th.
Read Our Latest Stock Analysis on Landsea Homes
Landsea Homes Price Performance
LSEA traded up $0.04 during midday trading on Tuesday, hitting $5.75. 219,656 shares of the company traded hands, compared to its average volume of 260,175. The company has a market capitalization of $208.90 million, a price-to-earnings ratio of 7.99, a PEG ratio of 0.45 and a beta of 1.46. The business has a 50 day simple moving average of $7.18 and a two-hundred day simple moving average of $9.10. 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 has a 52-week low of $5.41 and a 52-week high of $14.04.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Securities Group LLC purchased a new position in Landsea Homes during the fourth quarter worth approximately $38,000. Quarry LP acquired a new stake in shares of Landsea Homes in the 3rd quarter worth $44,000. GAMMA Investing LLC raised its holdings in shares of Landsea Homes by 823.7% during the 1st quarter. GAMMA Investing LLC now owns 8,378 shares of the company's stock worth $54,000 after acquiring an additional 7,471 shares during the period. Tower Research Capital LLC TRC boosted its position 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 valued at $63,000 after acquiring an additional 3,721 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings 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 valued at $104,000 after purchasing an additional 1,870 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.
About Landsea Homes
(
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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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