LSV Asset Management reduced its stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 89.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,300 shares of the company's stock after selling 84,600 shares during the quarter. LSV Asset Management's holdings in Landsea Homes were worth $87,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Landsea Homes by 1.4% during the 3rd quarter. State Street Corp now owns 327,961 shares of the company's stock worth $4,050,000 after purchasing an additional 4,433 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Landsea Homes by 40.0% in the third quarter. Jane Street Group LLC now owns 57,393 shares of the company's stock valued at $709,000 after buying an additional 16,408 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Landsea Homes in the third quarter valued at about $268,000. Barclays PLC lifted its position in 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 buying an additional 97,391 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Landsea Homes by 13.1% during the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company's stock valued at $5,328,000 after purchasing an additional 49,830 shares during the last quarter. Institutional investors own 82.99% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on LSEA shares. 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 price target on Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th.
Get Our Latest Research Report on LSEA
Landsea Homes Stock Performance
Shares of NASDAQ LSEA traded down $0.10 during midday trading on Monday, hitting $5.84. 17,525 shares of the company's stock were exchanged, compared to its average volume of 322,213. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $211.99 million, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.45 and a beta of 1.46. Landsea Homes Co. has a 12 month low of $5.41 and a 12 month high of $14.04. The company's 50 day moving average price is $6.96 and its 200 day moving average price is $8.86.
About Landsea Homes
(
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
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