Landsea Homes (NASDAQ:LSEA) Price Target Raised to $11.00 at Barclays

Landsea Homes (NASDAQ:LSEA - Get Free Report) had its price objective increased by equities research analysts at Barclays from $6.00 to $11.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential downside of 1.96% from the company's previous close.

LSEA has been the subject of several other research reports. Wedbush restated a "neutral" rating and set a $11.30 price target (down previously from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th. Oppenheimer downgraded Landsea Homes from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 13th.

Landsea Homes Trading Down 0.2%

Shares of Landsea Homes stock opened at $11.22 on Tuesday. The firm has a market cap of $408.52 million, a PE ratio of 15.58, a P/E/G ratio of 0.45 and a beta of 1.60. Landsea Homes 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 current ratio of 2.81 and a quick ratio of 2.81. The stock has a fifty day moving average price of $6.81 and a 200-day moving average price of $8.27.

Institutional Trading of Landsea Homes

A number of institutional investors have recently modified their holdings of LSEA. IFP Advisors Inc raised its holdings in Landsea Homes by 100.5% during the 1st quarter. IFP Advisors Inc now owns 4,589 shares of the company's stock valued at $30,000 after acquiring an additional 2,300 shares during the period. Summit Securities Group LLC bought a new stake in shares of Landsea Homes during the 4th quarter valued at $38,000. Byrne Asset Management LLC lifted its holdings in Landsea Homes by 130.8% during the 1st quarter. Byrne Asset Management LLC now owns 7,385 shares of the company's stock worth $47,000 after purchasing an additional 4,185 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Landsea Homes by 823.7% during the first quarter. GAMMA Investing LLC now owns 8,378 shares of the company's stock valued at $54,000 after buying an additional 7,471 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Landsea Homes by 100.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock worth $63,000 after acquiring an additional 3,721 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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.

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