BNP Paribas Financial Markets Takes Position in Landsea Homes Co. (NASDAQ:LSEA)

BNP Paribas Financial Markets bought a new position in Landsea Homes Co. (NASDAQ:LSEA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,172 shares of the company's stock, valued at approximately $205,000. BNP Paribas Financial Markets owned 0.07% of Landsea Homes at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mill Road Capital Management LLC raised its stake in Landsea Homes by 99.2% during the fourth quarter. Mill Road Capital Management LLC now owns 1,818,281 shares of the company's stock worth $15,437,000 after acquiring an additional 905,424 shares in the last quarter. Heartland Advisors Inc. acquired a new position in Landsea Homes during the fourth quarter worth $7,252,000. Voss Capital LP raised its stake in Landsea Homes by 72.6% during the fourth quarter. Voss Capital LP now owns 1,320,153 shares of the company's stock worth $11,208,000 after acquiring an additional 555,153 shares in the last quarter. B. Riley Financial Inc. acquired a new position in Landsea Homes during the fourth quarter worth $4,246,000. Finally, Wellington Management Group LLP raised its stake in Landsea Homes by 52.4% during the fourth quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company's stock worth $8,989,000 after acquiring an additional 363,900 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LSEA has been the subject of several recent analyst reports. Wedbush reiterated a "neutral" rating and set a $11.30 price objective (down from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th. Oppenheimer lowered Landsea Homes from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 13th. Finally, Barclays set a $11.00 price objective on Landsea Homes and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th.

Landsea Homes Price Performance

Shares of NASDAQ:LSEA remained flat at $11.25 during midday trading on Tuesday. The stock had a trading volume of 615,030 shares, compared to its average volume of 445,107. Landsea Homes Co. has a 52 week low of $5.41 and a 52 week high of $14.04. The company has a market capitalization of $409.61 million, a P/E ratio of 15.63, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The stock's fifty day simple moving average is $7.72 and its two-hundred day simple moving average is $8.31.

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.