Phoenix Financial Ltd. Acquires New Position in Landsea Homes Co. (NASDAQ:LSEA)

Phoenix Financial Ltd. acquired a new position in shares of Landsea Homes Co. (NASDAQ:LSEA) during the 4th quarter, HoldingsChannel reports. The firm acquired 19,780 shares of the company’s stock, valued at approximately $168,000.

A number of other large investors have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Landsea Homes by 87.0% in 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 during the period. Wellington Management Group LLP increased its stake in shares of Landsea Homes by 20.8% in the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock valued at $8,582,000 after purchasing an additional 119,500 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Landsea Homes by 36.6% during the fourth quarter. Sanctuary Advisors LLC now owns 54,012 shares of the company’s stock valued at $473,000 after buying an additional 14,464 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Landsea Homes by 88.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 93,526 shares of the company’s stock worth $794,000 after buying an additional 43,909 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Landsea Homes by 13.1% during the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock worth $5,328,000 after buying an additional 49,830 shares during the period. Institutional investors own 82.99% of the company’s stock.

Landsea Homes Stock Up 0.7 %

LSEA opened at $5.75 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market capitalization of $208.90 million, a PE ratio of 7.99, a P/E/G ratio of 0.45 and a beta of 1.46. The stock’s fifty day moving average is $7.18 and its 200-day moving average is $9.10. Landsea Homes Co. has a one year low of $5.41 and a one year high of $14.04.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays cut their target price on Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of Landsea Homes in a research note on Wednesday, March 5th.

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.