Jane Street Group LLC Trims Stock Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Jane Street Group LLC lowered its stake in shares of Landsea Homes Co. (NASDAQ:LSEA) by 33.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,445 shares of the company’s stock after selling 18,948 shares during the period. Jane Street Group LLC owned 0.11% of Landsea Homes worth $326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Landsea Homes by 87.0% in the 3rd quarter. Barclays PLC now owns 209,290 shares of the company’s stock valued at $2,585,000 after acquiring an additional 97,391 shares during the last quarter. SG Americas Securities LLC lifted 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 buying an additional 3,080 shares during the period. Janney Montgomery Scott LLC boosted its stake in Landsea Homes by 88.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 93,526 shares of the company’s stock worth $794,000 after buying an additional 43,909 shares during the last quarter. Empowered Funds LLC boosted its stake in Landsea Homes by 5.1% in the 4th quarter. Empowered Funds LLC now owns 193,501 shares of the company’s stock worth $1,643,000 after buying an additional 9,353 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Landsea Homes by 36.6% in the 4th quarter. Sanctuary Advisors LLC now owns 54,012 shares of the company’s stock valued at $473,000 after buying an additional 14,464 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Landsea Homes Stock Performance

Landsea Homes stock opened at $11.25 on Tuesday. The firm has a market capitalization of $409.61 million, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. Landsea Homes Co. has a one year low of $5.41 and a one year high of $14.04. The stock’s 50 day moving average price is $7.63 and its 200 day moving average price is $8.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LSEA. Barclays set a $11.00 price objective on shares of Landsea Homes and gave the stock an “equal weight” rating in a report on Tuesday, May 20th. Wedbush reaffirmed a “neutral” rating and set a $11.30 price target (down previously from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th. Finally, Oppenheimer cut shares of Landsea Homes from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 13th.

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.