Sherbrooke Park Advisers LLC Lowers Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Sherbrooke Park Advisers LLC trimmed its stake in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 54.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,948 shares of the company's stock after selling 23,450 shares during the period. Sherbrooke Park Advisers LLC owned about 0.05% of Landsea Homes worth $169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC raised its holdings in 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 during the last quarter. Wells Fargo & Company MN increased its position in shares of Landsea Homes by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,306 shares of the company's stock valued at $104,000 after buying an additional 1,870 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of 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 during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 buying an additional 3,721 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Landsea Homes by 13.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,271,249 shares of the company's stock worth $10,793,000 after buying an additional 151,520 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Landsea Homes Price Performance

Landsea Homes stock traded up $0.08 during midday trading on Monday, reaching $11.29. 1,461,136 shares of the company were exchanged, compared to its average volume of 432,474. The firm's 50-day simple moving average is $7.14 and its 200-day simple moving average is $8.27. Landsea Homes Co. has a 1 year low of $5.41 and a 1 year high of $14.04. The company has a market capitalization of $411.07 million, a price-to-earnings ratio of 15.68, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays set a $11.00 target price on shares of Landsea Homes and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Wedbush reissued 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. Finally, Oppenheimer downgraded Landsea Homes from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 13th.

Landsea Homes 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.