Dimensional Fund Advisors LP Increases Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Dimensional Fund Advisors LP boosted its position in Landsea Homes Co. (NASDAQ:LSEA) by 13.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,271,249 shares of the company’s stock after purchasing an additional 151,520 shares during the period. Dimensional Fund Advisors LP owned about 3.50% of Landsea Homes worth $10,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Landsea Homes in the fourth quarter valued at $38,000. Wells Fargo & Company MN increased its holdings in Landsea Homes by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,306 shares of the company’s stock valued at $104,000 after acquiring an additional 1,870 shares in the last quarter. SG Americas Securities LLC raised its position in Landsea Homes by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock worth $112,000 after acquiring an additional 3,080 shares during the last quarter. Phoenix Financial Ltd. purchased a new stake in shares of Landsea Homes in the fourth quarter valued at about $168,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Landsea Homes in the fourth quarter valued at approximately $208,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LSEA. 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 reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Landsea Homes in a research note on Wednesday, March 5th.

Landsea Homes Stock Up 6.7 %

Shares of NASDAQ LSEA opened at $6.51 on Friday. The firm’s 50 day moving average price is $6.42 and its 200 day moving average price is $8.32. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market cap of $237.03 million, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. Landsea Homes Co. has a 1 year low of $5.41 and a 1 year 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.