Walleye Capital LLC Takes Position in Landsea Homes Co. (NASDAQ:LSEA)

Walleye Capital LLC acquired a new position in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 72,046 shares of the company's stock, valued at approximately $890,000. Walleye Capital LLC owned 0.20% of Landsea Homes as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gladius Capital Management LP bought a new position in shares of Landsea Homes in the third quarter valued at $32,000. Signaturefd LLC bought a new position in shares of Landsea Homes in the 2nd quarter valued at about $28,000. Point72 Asset Management L.P. acquired a new position in shares of Landsea Homes during the 2nd quarter worth about $31,000. Byrne Asset Management LLC bought a new stake in shares of Landsea Homes in the 2nd quarter valued at about $32,000. Finally, SG Americas Securities LLC acquired a new stake in Landsea Homes in the 3rd quarter valued at about $125,000. 82.99% of the stock is owned by institutional investors.

Landsea Homes Price Performance

LSEA traded down $0.76 during trading on Friday, hitting $10.44. 3,335,215 shares of the stock traded hands, compared to its average volume of 147,025. Landsea Homes Co. has a twelve month low of $8.28 and a twelve month high of $14.91. The business has a 50 day moving average price of $11.30 and a 200 day moving average price of $11.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The company has a market cap of $378.76 million, a price-to-earnings ratio of 14.50, a PEG ratio of 0.81 and a beta of 1.15.

Analysts Set New Price Targets

Separately, B. Riley reaffirmed a "buy" rating and issued a $18.00 price objective (up from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th.

Insider Activity at Landsea Homes

In other Landsea Homes news, Director Thomas Hartfield sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $10.62, for a total value of $53,100.00. Following the completion of the transaction, the director now directly owns 59,181 shares in the company, valued at approximately $628,502.22. This represents a 7.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 51.00% of the stock is owned by insiders.

Landsea Homes Company Profile

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.