Nokomis Capital L.L.C. Has $13.95 Million Stake in Landsea Homes Co. (NASDAQ:LSEA)

Nokomis Capital L.L.C. raised its position in Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 51.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,643,572 shares of the company's stock after purchasing an additional 558,834 shares during the quarter. Landsea Homes accounts for approximately 5.0% of Nokomis Capital L.L.C.'s holdings, making the stock its 4th largest holding. Nokomis Capital L.L.C. owned 4.53% of Landsea Homes worth $13,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mill Road Capital Management LLC raised its stake in shares of Landsea Homes by 99.2% in the 4th quarter. Mill Road Capital Management LLC now owns 1,818,281 shares of the company's stock valued at $15,437,000 after purchasing an additional 905,424 shares during the period. Voss Capital LP raised its stake in shares of Landsea Homes by 72.6% in the 4th quarter. Voss Capital LP now owns 1,320,153 shares of the company's stock valued at $11,208,000 after purchasing an additional 555,153 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Landsea Homes by 13.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,271,249 shares of the company's stock valued at $10,793,000 after purchasing an additional 151,520 shares during the period. Wellington Management Group LLP raised its stake in shares of Landsea Homes by 52.4% in the 4th quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company's stock valued at $8,989,000 after purchasing an additional 363,900 shares during the period. Finally, Heartland Advisors Inc. bought a new position in shares of Landsea Homes in the 4th quarter valued at about $7,252,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Landsea Homes Stock Up 0.2%

Shares of NASDAQ LSEA traded up $0.02 during mid-day trading on Friday, hitting $11.24. The company had a trading volume of 1,720,499 shares, compared to its average volume of 398,906. 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 company has a market capitalization of $409.25 million, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The firm has a 50-day simple moving average of $6.73 and a two-hundred day simple moving average of $8.30.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LSEA. Wedbush restated a "neutral" rating and issued a $11.30 price objective (down previously from $15.00) on shares of Landsea Homes in a report on Tuesday. Oppenheimer cut Landsea Homes from an "outperform" rating to a "market perform" rating in a report on Tuesday. Finally, Barclays decreased 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.

Landsea Homes 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.