Two Sigma Advisers LP Sells 56,100 Shares of Landsea Homes Co. (NASDAQ:LSEA)

Two Sigma Advisers LP lessened its stake in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 63.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,900 shares of the company's stock after selling 56,100 shares during the quarter. Two Sigma Advisers LP owned about 0.09% of Landsea Homes worth $279,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Landsea Homes by 87.0% during the 3rd 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 period. SG Americas Securities LLC lifted its position in shares of Landsea Homes by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company's stock worth $112,000 after purchasing an additional 3,080 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Landsea Homes by 88.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 93,526 shares of the company's stock valued at $794,000 after purchasing an additional 43,909 shares during the last quarter. Empowered Funds LLC raised its holdings in Landsea Homes by 5.1% in the fourth quarter. Empowered Funds LLC now owns 193,501 shares of the company's stock valued at $1,643,000 after acquiring an additional 9,353 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Landsea Homes by 36.6% in the 4th quarter. Sanctuary Advisors LLC now owns 54,012 shares of the company's stock valued at $473,000 after purchasing an additional 14,464 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LSEA. Wedbush reiterated a "neutral" rating and issued a $11.30 target price (down from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th. Barclays set a $11.00 price objective on Landsea Homes and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Finally, Oppenheimer cut shares of Landsea Homes from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 13th.

Landsea Homes Trading Down 0.1%

NASDAQ LSEA traded down $0.01 on Tuesday, reaching $11.27. The company had a trading volume of 340,943 shares, compared to its average volume of 450,019. The stock has a market cap of $410.34 million, a price-to-earnings ratio of 15.65, a PEG ratio of 0.45 and a beta of 1.91. Landsea Homes Co. has a 52 week low of $5.41 and a 52 week high of $14.04. The stock's 50 day moving average is $8.22 and its 200-day moving average is $8.33. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.

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.