Summit Securities Group LLC Makes New Investment in Landsea Homes Co. (NASDAQ:LSEA)

Summit Securities Group LLC acquired a new stake in shares of Landsea Homes Co. (NASDAQ:LSEA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,425 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors have also recently made changes to their positions in the business. Heartland Advisors Inc. acquired a new position in Landsea Homes during the 4th quarter valued at about $7,252,000. EntryPoint Capital LLC purchased a new stake in shares of Landsea Homes during the fourth quarter worth about $208,000. LPL Financial LLC acquired a new position in shares of Landsea Homes during the fourth quarter valued at about $751,000. Sei Investments Co. raised its position in shares of Landsea Homes by 78.5% in the 4th quarter. Sei Investments Co. now owns 291,409 shares of the company’s stock valued at $2,474,000 after purchasing an additional 128,159 shares during the last quarter. Finally, Boston Partners boosted its stake in Landsea Homes by 109.4% in the 4th quarter. Boston Partners now owns 102,835 shares of the company’s stock worth $873,000 after purchasing an additional 53,714 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Landsea Homes Stock Performance

LSEA opened at $6.38 on Monday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a 12-month low of $6.37 and a 12-month high of $14.72. The firm has a 50 day moving average of $7.73 and a two-hundred day moving average of $9.63. The firm has a market capitalization of $231.79 million, a PE ratio of 8.86, a P/E/G ratio of 0.45 and a beta of 1.28.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wedbush restated an “outperform” rating and set a $15.00 price target on shares of Landsea Homes in a research note on Wednesday, March 5th. Barclays reduced their target price on Landsea Homes from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd.

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.