Landsea Homes (NASDAQ:LSEA) Given Outperform Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Landsea Homes (NASDAQ:LSEAFree Report) in a report issued on Friday morning, Benzinga reports. Wedbush currently has a $16.00 target price on the stock.

Separately, B. Riley restated a buy rating on shares of Landsea Homes in a research note on Friday, November 3rd.

Read Our Latest Stock Analysis on LSEA

Landsea Homes Stock Performance

NASDAQ LSEA opened at $12.39 on Friday. The firm has a 50-day moving average of $12.46 and a 200-day moving average of $10.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a market cap of $447.65 million, a PE ratio of 16.52 and a beta of 1.04. Landsea Homes has a 52-week low of $7.00 and a 52-week high of $13.99.

Insider Transactions at Landsea Homes

In related news, Director Elias Farhat sold 18,943 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $11.92, for a total transaction of $225,800.56. Following the transaction, the director now directly owns 327,381 shares of the company’s stock, valued at $3,902,381.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 66.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Landsea Homes

Hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. increased its position in Landsea Homes by 298.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 150,174 shares of the company’s stock worth $1,350,000 after acquiring an additional 112,474 shares during the period. Bank of Montreal Can bought a new position in Landsea Homes in the 2nd quarter valued at about $154,000. Algert Global LLC acquired a new position in shares of Landsea Homes in the 3rd quarter valued at approximately $349,000. Foundry Partners LLC raised its position in shares of Landsea Homes by 26.8% in the 3rd quarter. Foundry Partners LLC now owns 484,355 shares of the company’s stock valued at $4,354,000 after buying an additional 102,279 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of Landsea Homes by 42.0% in the 2nd quarter. American International Group Inc. now owns 6,473 shares of the company’s stock valued at $60,000 after buying an additional 1,915 shares in the last quarter. 13.83% of the stock is owned by institutional investors.

Landsea Homes Company Profile

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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.

Further Reading

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