B. Riley Financial Inc. Takes Position in Landsea Homes Co. (NASDAQ:LSEA)

B. Riley Financial Inc. purchased a new stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 500,090 shares of the company's stock, valued at approximately $4,246,000. Landsea Homes makes up 3.6% of B. Riley Financial Inc.'s investment portfolio, making the stock its 5th largest holding. B. Riley Financial Inc. owned about 1.38% of Landsea Homes as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LSEA. Barclays PLC increased its stake in shares of Landsea Homes by 87.0% during the third quarter. Barclays PLC now owns 209,290 shares of the company's stock worth $2,585,000 after purchasing an additional 97,391 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Landsea Homes by 36.6% during the 4th quarter. Sanctuary Advisors LLC now owns 54,012 shares of the company's stock worth $473,000 after buying an additional 14,464 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings 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 valued at $794,000 after acquiring an additional 43,909 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Landsea Homes by 13.1% in the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company's stock valued at $5,328,000 after acquiring an additional 49,830 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Landsea Homes by 40.0% in the third quarter. Jane Street Group LLC now owns 57,393 shares of the company's stock worth $709,000 after acquiring an additional 16,408 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Landsea Homes Trading Down 1.6 %

Shares of NASDAQ:LSEA traded down $0.10 during midday trading on Tuesday, reaching $5.98. 50,969 shares of the company's stock were exchanged, compared to its average volume of 257,105. The stock has a market cap of $217.55 million, a price-to-earnings ratio of 8.31, a P/E/G ratio of 0.45 and a beta of 1.60. Landsea Homes Co. has a fifty-two week low of $5.41 and a fifty-two week high of $14.04. The firm's 50 day simple moving average is $6.47 and its two-hundred day simple moving average is $8.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81.

Analysts Set New Price Targets

Several brokerages recently issued reports on LSEA. Barclays dropped their price objective on shares of Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Wedbush reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Landsea Homes in a research note on Wednesday, March 5th.

About Landsea Homes

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.