JPMorgan Chase & Co. Lowers Stock Position in Landsea Homes Co. (NASDAQ:LSEA)

JPMorgan Chase & Co. reduced its position in Landsea Homes Co. (NASDAQ:LSEA) by 33.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,342 shares of the company’s stock after selling 132,594 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.72% of Landsea Homes worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LSEA. EntryPoint Capital LLC bought a new position in shares of Landsea Homes during the fourth quarter worth $208,000. LPL Financial LLC purchased a new stake in Landsea Homes in the 4th quarter worth $751,000. Sei Investments Co. boosted its holdings in shares of Landsea Homes by 78.5% during the 4th quarter. Sei Investments Co. now owns 291,409 shares of the company’s stock valued at $2,474,000 after purchasing an additional 128,159 shares during the last quarter. Boston Partners grew its position in shares of Landsea Homes by 109.4% during the fourth quarter. Boston Partners now owns 102,835 shares of the company’s stock valued at $873,000 after purchasing an additional 53,714 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new stake in shares of Landsea Homes in the fourth quarter worth about $600,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LSEA. Wedbush reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Landsea Homes in a research note on Wednesday, March 5th. Barclays reduced their price target on shares of Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th.

Landsea Homes Price Performance

NASDAQ LSEA opened at $6.04 on Thursday. The firm’s fifty day simple moving average is $6.83 and its two-hundred day simple moving average is $8.78. The firm has a market capitalization of $219.43 million, a P/E ratio of 8.39, a P/E/G ratio of 0.45 and a beta of 1.46. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a 12-month low of $5.41 and a 12-month high of $14.04.

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.