Hood River Capital Management LLC Reduces Stock Position in Landsea Homes Co. (NASDAQ:LSEA)

Hood River Capital Management LLC reduced its holdings in Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 55.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,422 shares of the company's stock after selling 269,183 shares during the period. Hood River Capital Management LLC owned approximately 0.60% of Landsea Homes worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of Landsea Homes in the fourth quarter worth about $38,000. Tower Research Capital LLC TRC raised its stake in Landsea Homes by 100.1% during the fourth 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 during the period. Wells Fargo & Company MN raised its stake in Landsea Homes by 17.9% during the fourth 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 during the period. SG Americas Securities LLC raised its stake in 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 during the period. Finally, Virtu Financial LLC purchased a new position in Landsea Homes during the third quarter worth about $167,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Landsea Homes Stock Performance

NASDAQ:LSEA traded down $0.02 during mid-day trading on Tuesday, reaching $6.12. The stock had a trading volume of 25,550 shares, compared to its average volume of 260,412. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market capitalization of $222.34 million, a price-to-earnings ratio of 8.48, a PEG ratio of 0.45 and a beta of 1.46. Landsea Homes Co. has a twelve month low of $5.41 and a twelve month high of $14.04. The business has a 50 day simple moving average of $6.69 and a 200 day simple moving average of $8.64.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Wedbush reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Landsea Homes in a report on Wednesday, March 5th.

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.