320,000 Shares in Landsea Homes Co. (NASDAQ:LSEA) Purchased by Gratia Capital LLC

Gratia Capital LLC bought a new stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 320,000 shares of the company's stock, valued at approximately $2,717,000. Landsea Homes comprises approximately 2.7% of Gratia Capital LLC's portfolio, making the stock its 14th biggest holding. Gratia Capital LLC owned about 0.88% of Landsea Homes at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings 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 buying an additional 97,391 shares during the period. Sanctuary Advisors LLC grew its position in shares of Landsea Homes by 36.6% in the fourth 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 during the last quarter. Janney Montgomery Scott LLC grew its position in shares of 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. Geode Capital Management LLC lifted its position in shares of Landsea Homes by 13.1% during the 3rd quarter. Geode Capital Management LLC now owns 431,314 shares of the company's stock worth $5,328,000 after purchasing an additional 49,830 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Landsea Homes by 40.0% during the 3rd quarter. Jane Street Group LLC now owns 57,393 shares of the company's stock valued at $709,000 after purchasing an additional 16,408 shares during the period. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on LSEA shares. Wedbush restated an "outperform" rating and issued a $15.00 price target on shares of Landsea Homes in a research report on Wednesday, March 5th. Barclays cut their price target on Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th.

Landsea Homes Price Performance

Shares of Landsea Homes stock traded up $0.20 during trading on Friday, hitting $6.15. 318,422 shares of the company's stock traded hands, compared to its average volume of 258,199. The company has a market cap of $223.43 million, a PE ratio of 8.51, a PEG ratio of 0.45 and a beta of 1.46. The firm's fifty day moving average price is $6.56 and its 200 day moving average price is $8.57. Landsea Homes Co. has a twelve month low of $5.41 and a twelve month high of $14.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81.

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.