Foundry Partners LLC raised its stake in shares of Landsea Homes Co. (NASDAQ:LSEA – Free Report) by 26.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 484,355 shares of the company’s stock after purchasing an additional 102,279 shares during the quarter. Foundry Partners LLC owned approximately 1.28% of Landsea Homes worth $4,354,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Landsea Homes by 116.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 449,200 shares of the company’s stock valued at $4,196,000 after acquiring an additional 242,126 shares during the period. Renaissance Technologies LLC boosted its position in shares of Landsea Homes by 296.3% during the 2nd quarter. Renaissance Technologies LLC now owns 236,600 shares of the company’s stock valued at $2,210,000 after acquiring an additional 176,900 shares during the last quarter. BlackRock Inc. lifted its position in Landsea Homes by 27.0% in the second quarter. BlackRock Inc. now owns 686,720 shares of the company’s stock worth $6,414,000 after buying an additional 145,994 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in Landsea Homes in the second quarter worth $1,353,000. Finally, B. Riley Asset Management LLC purchased a new stake in Landsea Homes in the second quarter worth $1,034,000. Institutional investors own 13.83% of the company’s stock.
Landsea Homes Stock Performance
NASDAQ LSEA opened at $12.45 on Tuesday. The stock’s fifty day moving average is $12.46 and its two-hundred day moving average is $10.42. The firm has a market capitalization of $470.49 million, a P/E ratio of 11.97 and a beta of 1.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.41 and a current ratio of 2.41. Landsea Homes Co. has a fifty-two week low of $7.00 and a fifty-two week high of $13.60.
Insiders Place Their Bets
Wall Street Analyst Weigh In
Several research firms have issued reports on LSEA. B. Riley reiterated a “buy” rating on shares of Landsea Homes in a research note on Friday, November 3rd. Wedbush restated an “outperform” rating and issued a $16.00 price objective on shares of Landsea Homes in a research report on Tuesday, January 9th.
About Landsea Homes
Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County.
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