Landsea Homes Co. (NASDAQ:LSEA) Short Interest Update

Landsea Homes Co. (NASDAQ:LSEA - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,010,000 shares, an increase of 31.1% from the February 28th total of 770,500 shares. Based on an average daily volume of 348,700 shares, the days-to-cover ratio is presently 2.9 days. Approximately 4.9% of the company's stock are short sold.

Institutional Investors Weigh In On Landsea Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mill Road Capital Management LLC increased its stake in shares of Landsea Homes by 99.2% in the fourth quarter. Mill Road Capital Management LLC now owns 1,818,281 shares of the company's stock worth $15,437,000 after purchasing an additional 905,424 shares in the last quarter. Nokomis Capital L.L.C. raised its holdings in Landsea Homes by 51.5% during the 4th quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company's stock valued at $13,954,000 after acquiring an additional 558,834 shares during the period. Voss Capital LP lifted its position in shares of Landsea Homes by 72.6% during the fourth quarter. Voss Capital LP now owns 1,320,153 shares of the company's stock worth $11,208,000 after acquiring an additional 555,153 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Landsea Homes by 13.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,271,249 shares of the company's stock valued at $10,793,000 after purchasing an additional 151,520 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Landsea Homes by 52.4% during the 4th quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company's stock valued at $8,989,000 after purchasing an additional 363,900 shares during the period. 82.99% of the stock is currently owned by institutional investors.

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Landsea Homes Stock Performance

NASDAQ:LSEA traded down $0.51 during trading hours on Thursday, reaching $5.91. The stock had a trading volume of 165,831 shares, compared to its average volume of 329,746. The stock has a market cap of $214.71 million, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28. The stock has a 50 day simple moving average of $7.62 and a 200 day simple moving average of $9.53. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. Landsea Homes has a 12-month low of $5.78 and a 12-month high of $14.04.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LSEA. Barclays dropped their price target on Landsea Homes from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Wedbush reiterated an "outperform" rating and set a $15.00 target price on shares of Landsea Homes in a research note on Wednesday, March 5th.

About Landsea Homes

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.