LPL Financial LLC Makes New Investment in Landsea Homes Co. (NASDAQ:LSEA)

LPL Financial LLC acquired a new stake in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 88,414 shares of the company's stock, valued at approximately $751,000. LPL Financial LLC owned 0.24% of Landsea Homes as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peregrine Capital Management LLC bought a new position in shares of Landsea Homes in the fourth quarter valued at about $2,890,000. Sei Investments Co. raised its holdings in shares of Landsea Homes by 78.5% in the fourth quarter. Sei Investments Co. now owns 291,409 shares of the company's stock valued at $2,474,000 after buying an additional 128,159 shares during the last quarter. Barclays PLC raised its holdings in shares of Landsea Homes by 87.0% in the third quarter. Barclays PLC now owns 209,290 shares of the company's stock valued at $2,585,000 after buying an additional 97,391 shares during the last quarter. Prescott Group Capital Management L.L.C. bought a new position in shares of Landsea Homes in the fourth quarter valued at about $600,000. Finally, Boston Partners raised its holdings in shares of Landsea Homes by 109.4% in the fourth quarter. Boston Partners now owns 102,835 shares of the company's stock valued at $873,000 after buying an additional 53,714 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LSEA has been the subject of several recent research reports. 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. Wedbush restated an "outperform" rating and issued a $15.00 price objective on shares of Landsea Homes in a report on Wednesday, March 5th.

Landsea Homes Trading Up 0.2 %

NASDAQ LSEA traded up $0.01 during trading hours on Monday, hitting $6.14. The company's stock had a trading volume of 162,461 shares, compared to its average volume of 261,330. The stock has a fifty day moving average of $6.69 and a 200 day moving average of $8.64. Landsea Homes Co. has a twelve month low of $5.41 and a twelve month high of $14.04. The firm has a market capitalization of $223.07 million, a P/E ratio of 8.53, a PEG ratio of 0.45 and a beta of 1.46. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.

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.