Landsea Homes Co. (NASDAQ:LSEA) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its position in Landsea Homes Co. (NASDAQ:LSEA) by 78.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,730 shares of the company’s stock after selling 269,790 shares during the period. Invesco Ltd. owned about 0.21% of Landsea Homes worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Landsea Homes by 52.4% in the fourth quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company’s stock worth $8,989,000 after acquiring an additional 363,900 shares during the period. Heartland Advisors Inc. purchased a new position in shares of Landsea Homes in the 4th quarter valued at about $7,252,000. Foundry Partners LLC increased its stake in shares of Landsea Homes by 16.7% in the 4th quarter. Foundry Partners LLC now owns 441,455 shares of the company’s stock valued at $3,748,000 after purchasing an additional 63,295 shares in the last quarter. Geode Capital Management LLC raised its holdings in Landsea Homes by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 439,087 shares of the company’s stock worth $3,729,000 after purchasing an additional 7,773 shares during the period. Finally, Peregrine Capital Management LLC purchased a new position in Landsea Homes during the fourth quarter worth approximately $2,890,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Landsea Homes Price Performance

NASDAQ:LSEA opened at $6.19 on Friday. The stock has a 50 day moving average of $6.52 and a two-hundred day moving average of $8.53. Landsea Homes Co. has a 12 month low of $5.41 and a 12 month high of $14.04. The firm has a market cap of $224.88 million, a P/E ratio of 8.60, a price-to-earnings-growth 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.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays cut their price objective 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. Wedbush reissued an “outperform” rating and issued a $15.00 price target on shares of Landsea Homes in a report on Wednesday, March 5th.

Landsea Homes Company 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.