LPL Financial LLC Purchases Shares of 88,414 Landsea Homes Co. (NASDAQ:LSEA)

LPL Financial LLC acquired a new position in shares of Landsea Homes Co. (NASDAQ:LSEA) during the 4th quarter, according to the company in its most recent 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 about 0.24% of Landsea Homes as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its stake in Landsea Homes by 87.0% in the 3rd quarter. Barclays PLC now owns 209,290 shares of the company’s stock worth $2,585,000 after buying an additional 97,391 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Landsea Homes by 36.6% during the 4th quarter. Sanctuary Advisors LLC now owns 54,012 shares of the company’s stock worth $473,000 after acquiring an additional 14,464 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Landsea Homes by 88.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 93,526 shares of the company’s stock worth $794,000 after acquiring an additional 43,909 shares during the last quarter. Geode Capital Management LLC grew its holdings in Landsea Homes by 13.1% in the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock valued at $5,328,000 after purchasing an additional 49,830 shares during the period. Finally, Jane Street Group LLC increased its position in Landsea Homes by 40.0% during the third quarter. Jane Street Group LLC now owns 57,393 shares of the company’s stock worth $709,000 after purchasing an additional 16,408 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Landsea Homes Price Performance

LSEA opened at $6.16 on Wednesday. The company has a 50 day moving average of $6.88 and a two-hundred day moving average of $8.80. Landsea Homes Co. has a 52-week low of $5.41 and a 52-week high of $14.04. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $223.79 million, a P/E ratio of 8.56, a P/E/G ratio of 0.45 and a beta of 1.46.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LSEA shares. Wedbush reissued an “outperform” rating and set a $15.00 price objective on shares of Landsea Homes in a research note on Wednesday, March 5th. Barclays lowered their price target on Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating for the company in a research 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.