Deutsche Bank AG boosted its stake in shares of Landsea Homes Co. (NASDAQ:LSEA – Free Report) by 104.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,127 shares of the company’s stock after purchasing an additional 8,250 shares during the quarter. Deutsche Bank AG’s holdings in Landsea Homes were worth $137,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Mill Road Capital Management LLC boosted its stake in Landsea Homes by 99.2% in the fourth quarter. Mill Road Capital Management LLC now owns 1,818,281 shares of the company’s stock valued at $15,437,000 after acquiring an additional 905,424 shares during the last quarter. Heartland Advisors Inc. bought a new stake in shares of Landsea Homes in the 4th quarter valued at about $7,252,000. Voss Capital LP boosted its stake in shares of Landsea Homes by 72.6% during the 4th quarter. Voss Capital LP now owns 1,320,153 shares of the company’s stock worth $11,208,000 after acquiring an additional 555,153 shares during the period. B. Riley Financial Inc. acquired a new position in Landsea Homes in the 4th quarter valued at about $4,246,000. Finally, Wellington Management Group LLP grew its stake in Landsea Homes by 52.4% in the 4th quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company’s stock valued at $8,989,000 after buying an additional 363,900 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on LSEA. Barclays set a $11.00 price objective on shares of Landsea Homes and gave the company an “equal weight” rating in a report on Tuesday, May 20th. Wedbush reissued a “neutral” rating and issued a $11.30 price objective (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 report on Tuesday, May 13th.
Landsea Homes Price Performance
Shares of NASDAQ LSEA opened at $11.25 on Wednesday. The firm has a market cap of $409.61 million, a PE ratio of 15.63, a P/E/G ratio of 0.45 and a beta of 1.60. Landsea Homes Co. has a 12-month low of $5.41 and a 12-month high of $14.04. The company’s fifty day simple moving average is $7.72 and its 200 day simple moving average is $8.31. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.
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.
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