Landsea Homes (NASDAQ:LSEA) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of Landsea Homes (NASDAQ:LSEA - Free Report) to a strong sell rating in a report released on Friday morning.

LSEA has been the subject of a number of other research reports. Oppenheimer cut Landsea Homes from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 13th. Wedbush restated a "neutral" rating and issued a $11.30 target price (down previously from $15.00) on shares of Landsea Homes in a report on Tuesday, May 13th. Finally, Barclays set a $11.00 target price on Landsea Homes and gave the company an "equal weight" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $13.83.

Landsea Homes Stock Performance

Landsea Homes stock remained flat at $11.31 during mid-day trading on Friday. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.80. Landsea Homes has a one year low of $5.41 and a one year high of $14.04. The stock has a fifty day simple moving average of $9.63 and a 200-day simple moving average of $8.33. The stock has a market cap of $411.80 million, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.91.

Institutional Trading of Landsea Homes

Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in Landsea Homes by 100.5% during the first quarter. IFP Advisors Inc now owns 4,589 shares of the company's stock worth $30,000 after acquiring an additional 2,300 shares during the period. Summit Securities Group LLC bought a new stake in Landsea Homes during the fourth quarter worth $38,000. Byrne Asset Management LLC increased its position in Landsea Homes by 130.8% in the first quarter. Byrne Asset Management LLC now owns 7,385 shares of the company's stock worth $47,000 after buying an additional 4,185 shares during the last quarter. GAMMA Investing LLC increased its position in Landsea Homes by 823.7% in the first quarter. GAMMA Investing LLC now owns 8,378 shares of the company's stock worth $54,000 after buying an additional 7,471 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position 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 worth $63,000 after buying an additional 3,721 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

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.