Landsea Homes Corporation (NASDAQ:LSEA) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its position in Landsea Homes Corporation (NASDAQ:LSEA - Free Report) by 23.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 421,320 shares of the company's stock after buying an additional 80,932 shares during the quarter. Peregrine Capital Management LLC owned approximately 1.16% of Landsea Homes worth $2,705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Landsea Homes in the 4th quarter valued at $205,000. GAMMA Investing LLC raised its holdings in shares of Landsea Homes by 823.7% in the 1st quarter. GAMMA Investing LLC now owns 8,378 shares of the company's stock valued at $54,000 after buying an additional 7,471 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Landsea Homes by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 103,018 shares of the company's stock valued at $661,000 after buying an additional 9,492 shares during the period. Wells Fargo & Company MN grew its stake in Landsea Homes by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,306 shares of the company's stock worth $104,000 after purchasing an additional 1,870 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Landsea Homes by 100.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock worth $63,000 after purchasing an additional 3,721 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

LSEA has been the subject of several analyst reports. Barclays set a $11.00 target price on Landsea Homes and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Wall Street Zen cut Landsea Homes to a "strong sell" rating in a research report on Friday, June 27th. Wedbush reaffirmed a "neutral" rating and set a $11.30 price objective (down from $15.00) on shares of Landsea Homes in a research report on Tuesday, May 13th. Finally, Oppenheimer cut Landsea Homes from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.83.

Landsea Homes Stock Performance

Shares of NASDAQ:LSEA remained flat at $11.31 on Friday. The company has a 50-day simple moving average of $10.15 and a two-hundred day simple moving average of $8.40. The company has a market cap of $411.80 million, a P/E ratio of 43.50, a P/E/G ratio of 1.08 and a beta of 1.91. Landsea Homes Corporation has a 1 year low of $5.41 and a 1 year high of $14.04. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.80.

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.