Heartland Advisors Inc. Takes Position in Landsea Homes Co. (NASDAQ:LSEA)

Heartland Advisors Inc. purchased a new position in Landsea Homes Co. (NASDAQ:LSEA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 854,144 shares of the company’s stock, valued at approximately $7,252,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LSEA. Peregrine Capital Management LLC acquired a new position in shares of Landsea Homes in the 4th quarter valued at approximately $2,890,000. Mill Road Capital Management LLC increased its stake in shares of Landsea Homes by 18.2% in the third quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock worth $11,274,000 after buying an additional 140,786 shares during the last quarter. Sei Investments Co. raised its holdings in Landsea Homes by 78.5% in the fourth quarter. Sei Investments Co. now owns 291,409 shares of the company’s stock valued at $2,474,000 after acquiring an additional 128,159 shares in the last quarter. Wellington Management Group LLP boosted its stake in Landsea Homes by 20.8% during the 3rd quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock valued at $8,582,000 after acquiring an additional 119,500 shares during the last quarter. Finally, Barclays PLC grew its holdings 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 acquiring an additional 97,391 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on LSEA shares. Wedbush reaffirmed an “outperform” rating and set a $15.00 price target on shares of Landsea Homes in a research report on Wednesday, March 5th. Barclays reduced their target price 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.

Landsea Homes Trading Down 5.8 %

NASDAQ LSEA opened at $6.38 on Friday. The firm has a market capitalization of $231.79 million, a PE ratio of 8.86, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28. Landsea Homes Co. has a one year low of $6.37 and a one year high of $14.72. The company has a 50-day simple moving average of $7.73 and a 200-day simple moving average of $9.66. 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 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.