Bridgeway Capital Management LLC Grows Position in Landsea Homes Co. (NASDAQ:LSEA)

Bridgeway Capital Management LLC raised its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 408,230 shares of the company’s stock after purchasing an additional 9,353 shares during the period. Bridgeway Capital Management LLC owned 1.13% of Landsea Homes worth $3,466,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in Landsea Homes during the fourth quarter worth $38,000. Tower Research Capital LLC TRC boosted its position in Landsea Homes by 100.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company’s stock valued at $63,000 after purchasing an additional 3,721 shares in the last quarter. Wells Fargo & Company MN grew its stake in 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 last quarter. SG Americas Securities LLC lifted its position in shares of Landsea Homes by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock valued at $112,000 after buying an additional 3,080 shares during the last quarter. Finally, Phoenix Financial Ltd. bought a new stake in shares of Landsea Homes in the 4th quarter valued at about $168,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Landsea Homes Trading Up 3.4 %

Shares of Landsea Homes stock opened at $6.10 on Friday. The firm’s 50 day simple moving average is $6.42 and its two-hundred day simple moving average is $8.36. The firm has a market capitalization of $222.10 million, a price-to-earnings ratio of 8.47, a PEG ratio of 0.45 and a beta of 1.60. Landsea Homes Co. has a 12-month low of $5.41 and a 12-month high of $14.04. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wedbush reissued an “outperform” rating and set a $15.00 target price on shares of Landsea Homes in a research report on Wednesday, March 5th. Barclays decreased their price objective on Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th.

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.