Landsea Homes Co. (NASDAQ:LSEA) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its stake in Landsea Homes Co. (NASDAQ:LSEA) by 11.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 57,275 shares of the company’s stock after selling 7,286 shares during the quarter. Bank of America Corp DE owned approximately 0.16% of Landsea Homes worth $486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LSEA. Black Maple Capital Management LP bought a new stake in Landsea Homes in the 4th quarter valued at about $394,000. BNP Paribas Financial Markets bought a new position in Landsea Homes in the 4th quarter worth approximately $205,000. Ameriprise Financial Inc. grew its holdings in Landsea Homes by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 617,522 shares of the company’s stock worth $5,243,000 after buying an additional 3,535 shares in the last quarter. B. Riley Financial Inc. acquired a new stake in Landsea Homes in the 4th quarter valued at approximately $4,246,000. Finally, Northern Trust Corp raised its stake in Landsea Homes by 1.5% during the 4th quarter. Northern Trust Corp now owns 146,404 shares of the company’s stock valued at $1,243,000 after acquiring an additional 2,140 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

LSEA has been the topic of a number of recent analyst reports. Wedbush restated a “neutral” rating and set a $11.30 price objective (down from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th. Barclays set a $11.00 price target on shares of Landsea Homes and gave the stock an “equal weight” rating in a research report on Tuesday, May 20th. Finally, Oppenheimer cut shares of Landsea Homes from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 13th.

Landsea Homes Stock Performance

NASDAQ:LSEA opened at $11.29 on Thursday. The company has a 50-day moving average of $8.33 and a 200-day moving average of $8.35. The firm has a market cap of $411.07 million, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.45 and a beta of 1.91. 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 twelve month low of $5.41 and a twelve 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.