SG Americas Securities LLC Acquires Shares of 11,266 Landsea Homes Co. (NASDAQ:LSEA)

SG Americas Securities LLC acquired a new stake in Landsea Homes Co. (NASDAQ:LSEA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 11,266 shares of the company’s stock, valued at approximately $148,000.

Several other institutional investors also recently bought and sold shares of LSEA. Public Employees Retirement System of Ohio purchased a new position in shares of Landsea Homes in the third quarter valued at approximately $294,000. Vanguard Group Inc. lifted its position in shares of Landsea Homes by 16.7% in the third quarter. Vanguard Group Inc. now owns 731,043 shares of the company’s stock valued at $6,572,000 after acquiring an additional 104,553 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Landsea Homes in the third quarter valued at approximately $668,000. Deutsche Bank AG lifted its position in shares of Landsea Homes by 35.7% in the third quarter. Deutsche Bank AG now owns 14,498 shares of the company’s stock valued at $130,000 after acquiring an additional 3,815 shares in the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Landsea Homes by 100.4% in the third quarter. Walleye Capital LLC now owns 150,752 shares of the company’s stock valued at $1,355,000 after acquiring an additional 75,534 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on LSEA. Wedbush reiterated an “outperform” rating and set a $16.00 price objective on shares of Landsea Homes in a research report on Friday, March 1st. Barclays lifted their price objective on Landsea Homes from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 5th.

Insider Activity

In other news, COO Michael Forsum bought 17,241 shares of Landsea Homes stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $11.60 per share, with a total value of $199,995.60. Following the acquisition, the chief operating officer now owns 446,682 shares of the company’s stock, valued at $5,181,511.20. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, COO Michael Forsum acquired 17,241 shares of Landsea Homes stock in a transaction on Friday, March 8th. The stock was purchased at an average cost of $11.60 per share, with a total value of $199,995.60. Following the purchase, the chief operating officer now directly owns 446,682 shares in the company, valued at $5,181,511.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Holdings Corp Landsea sold 2,800,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $11.60, for a total value of $32,480,000.00. Following the sale, the insider now directly owns 16,940,729 shares of the company’s stock, valued at $196,512,456.40. The disclosure for this sale can be found here. In the last three months, insiders bought 20,430 shares of company stock valued at $236,988. Insiders own 66.90% of the company’s stock.

Landsea Homes Trading Down 1.7 %

NASDAQ:LSEA opened at $11.31 on Wednesday. The stock has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $11.31. The stock has a market cap of $407.39 million, a P/E ratio of 15.08 and a beta of 1.05. Landsea Homes Co. has a 1 year low of $7.00 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.37 and a current ratio of 2.37.

Landsea Homes (NASDAQ:LSEA) last posted its earnings results on Thursday, February 29th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. Landsea Homes had a return on equity of 6.80% and a net margin of 2.42%. The business had revenue of $397.62 million during the quarter, compared to the consensus estimate of $323.64 million. As a group, analysts anticipate that Landsea Homes Co. will post 1.48 earnings per share for the current fiscal year.

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.