Landsea Homes Co. (NASDAQ:LSEA) Shares Acquired by III Capital Management

III Capital Management raised its stake in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 139.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,444 shares of the company's stock after purchasing an additional 211,476 shares during the quarter. Landsea Homes comprises 0.5% of III Capital Management's holdings, making the stock its 24th biggest position. III Capital Management owned approximately 1.00% of Landsea Homes worth $3,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Summit Securities Group LLC purchased a new stake in shares of Landsea Homes in the 4th quarter valued at $38,000. Tower Research Capital LLC TRC boosted its holdings in Landsea Homes by 100.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock valued at $63,000 after purchasing an additional 3,721 shares during the last quarter. Wells Fargo & Company MN grew its position 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 during the period. SG Americas Securities LLC raised its stake in shares of Landsea Homes by 30.5% during the 4th quarter. SG Americas Securities LLC now owns 13,175 shares of the company's stock valued at $112,000 after buying an additional 3,080 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Landsea Homes in the 3rd quarter valued at about $167,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Landsea Homes Price Performance

NASDAQ LSEA traded up $0.24 on Friday, hitting $6.19. The company had a trading volume of 428,664 shares, compared to its average volume of 258,310. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The company's fifty day moving average price is $6.52 and its 200-day moving average price is $8.53. The company has a market capitalization of $224.88 million, a PE ratio of 8.60, a PEG ratio of 0.45 and a beta of 1.46. Landsea Homes Co. has a 12-month low of $5.41 and a 12-month high of $14.04.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LSEA. Barclays decreased 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. Wedbush reiterated an "outperform" rating and issued a $15.00 target price on shares of Landsea Homes in a research note 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.