JPMorgan Chase & Co. Trims Stock Position in Landsea Homes Co. (NASDAQ:LSEA)

JPMorgan Chase & Co. cut its position in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 261,342 shares of the company's stock after selling 132,594 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.72% of Landsea Homes worth $2,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Landsea Homes by 30.5% in the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company's stock worth $112,000 after acquiring an additional 3,080 shares during the period. Virtu Financial LLC bought a new stake in Landsea Homes in the third quarter worth about $167,000. EntryPoint Capital LLC bought a new stake in Landsea Homes in the fourth quarter worth about $208,000. Sanctuary Advisors LLC raised its position in Landsea Homes by 27.4% in the third quarter. Sanctuary Advisors LLC now owns 39,548 shares of the company's stock worth $488,000 after acquiring an additional 8,496 shares during the period. Finally, Inspire Investing LLC raised its position in Landsea Homes by 40.1% in the fourth quarter. Inspire Investing LLC now owns 47,176 shares of the company's stock worth $401,000 after acquiring an additional 13,500 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Landsea Homes Stock Performance

Shares of NASDAQ LSEA traded down $0.04 during midday trading on Tuesday, hitting $6.10. The company's stock had a trading volume of 100,579 shares, compared to its average volume of 261,136. The stock has a fifty day moving average price of $6.65 and a 200 day moving average price of $8.63. Landsea Homes Co. has a one year low of $5.41 and a one year high of $14.04. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $221.61 million, a price-to-earnings ratio of 8.47, a P/E/G ratio of 0.45 and a beta of 1.46.

Analyst Ratings Changes

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

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.