Prescott Group Capital Management L.L.C. purchased a new position in Landsea Homes Co. (NASDAQ:LSEA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 70,708 shares of the company's stock, valued at approximately $600,000. Prescott Group Capital Management L.L.C. owned 0.19% of Landsea Homes at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Mill Road Capital Management LLC raised its stake in shares of Landsea Homes by 18.2% during the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company's stock worth $11,274,000 after acquiring an additional 140,786 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Landsea Homes by 20.8% during the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company's stock worth $8,582,000 after buying an additional 119,500 shares in the last quarter. Geode Capital Management LLC grew its position in Landsea Homes by 13.1% in the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company's stock worth $5,328,000 after acquiring an additional 49,830 shares during the period. Peregrine Capital Management LLC acquired a new stake in shares of Landsea Homes in the fourth quarter valued at $2,890,000. Finally, State Street Corp increased its stake in shares of Landsea Homes by 1.4% during the third quarter. State Street Corp now owns 327,961 shares of the company's stock worth $4,050,000 after buying an additional 4,433 shares during the period. 82.99% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on LSEA. Barclays lowered their target price on 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. Wedbush reissued an "outperform" rating and issued a $15.00 price objective on shares of Landsea Homes in a research report on Wednesday, March 5th.
Read Our Latest Research Report on Landsea Homes
Landsea Homes Stock Performance
LSEA traded down $0.15 during midday trading on Tuesday, reaching $7.16. The company's stock had a trading volume of 303,657 shares, compared to its average volume of 317,606. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $8.03 and a 200 day simple moving average of $10.11. Landsea Homes Co. has a twelve month low of $6.54 and a twelve month high of $14.91. The stock has a market cap of $260.12 million, a P/E ratio of 9.94, a PEG ratio of 0.45 and a beta of 1.28.
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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