Nokomis Capital L.L.C. Boosts Stake in Landsea Homes Co. (NASDAQ:LSEA)

Nokomis Capital L.L.C. raised its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,643,572 shares of the company's stock after buying an additional 558,834 shares during the quarter. Landsea Homes comprises about 5.0% of Nokomis Capital L.L.C.'s holdings, making the stock its 4th largest position. Nokomis Capital L.L.C. owned 4.53% of Landsea Homes worth $13,954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LSEA. Summit Securities Group LLC purchased a new position in shares of Landsea Homes in the 4th quarter worth about $38,000. Tower Research Capital LLC TRC lifted its stake in shares of 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. Wells Fargo & Company MN raised 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 valued at $104,000 after purchasing an additional 1,870 shares during the last quarter. SG Americas Securities LLC lifted 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 worth $112,000 after buying an additional 3,080 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Landsea Homes by 104.7% in the 4th quarter. Deutsche Bank AG now owns 16,127 shares of the company's stock worth $137,000 after buying an additional 8,250 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on LSEA. Barclays dropped their price objective 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. Oppenheimer lowered Landsea Homes from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 13th. Finally, Wedbush reiterated a "neutral" rating and set a $11.30 target price (down from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th.

Landsea Homes Stock Performance

Shares of LSEA stock traded down $0.02 on Monday, reaching $11.23. The stock had a trading volume of 1,427,757 shares, compared to its average volume of 404,295. The stock has a market cap of $408.70 million, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. Landsea Homes Co. has a 1 year low of $5.41 and a 1 year high of $14.04. 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 company has a 50 day simple moving average of $6.73 and a 200 day simple moving average of $8.26.

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.