Landsea Homes Co. (NASDAQ:LSEA) Shares Acquired by Mill Road Capital Management LLC

Mill Road Capital Management LLC increased its stake in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 99.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,818,281 shares of the company's stock after purchasing an additional 905,424 shares during the period. Landsea Homes accounts for approximately 7.4% of Mill Road Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Mill Road Capital Management LLC owned approximately 5.01% of Landsea Homes worth $15,437,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in shares of 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 last quarter. SG Americas Securities LLC raised its holdings in Landsea Homes by 30.5% in the 4th quarter. SG Americas Securities LLC now owns 13,175 shares of the company's stock valued at $112,000 after acquiring an additional 3,080 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Landsea Homes by 100.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock valued at $63,000 after acquiring an additional 3,721 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Landsea Homes in the 4th quarter valued at about $38,000. Finally, State Street Corp raised its holdings in Landsea Homes by 1.4% in the 3rd quarter. State Street Corp now owns 327,961 shares of the company's stock valued at $4,050,000 after acquiring an additional 4,433 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wedbush reiterated an "outperform" rating and issued a $15.00 price objective on shares of Landsea Homes in a report on Wednesday, March 5th. Barclays cut their price objective on shares of 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 Trading Down 1.5 %

Shares of NASDAQ LSEA traded down $0.10 during midday trading on Tuesday, reaching $6.05. 32,479 shares of the stock were exchanged, compared to its average volume of 260,427. The company has a 50 day simple moving average of $6.69 and a 200 day simple moving average of $8.64. The stock has a market capitalization of $219.61 million, a P/E ratio of 8.42, a PEG ratio of 0.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. Landsea Homes Co. has a twelve month low of $5.41 and a twelve month high of $14.04.

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.