1,523,451 Shares in Landsea Homes Co. (NASDAQ:LSEA) Acquired by Wasatch Advisors LP

Wasatch Advisors LP acquired a new position in Landsea Homes Co. (NASDAQ:LSEA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,523,451 shares of the company’s stock, valued at approximately $22,136,000. Wasatch Advisors LP owned about 4.23% of Landsea Homes as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. AJOVista LLC acquired a new position in Landsea Homes during the fourth quarter valued at approximately $64,000. Quarry LP acquired a new stake in shares of Landsea Homes in the fourth quarter worth $90,000. LSV Asset Management acquired a new stake in shares of Landsea Homes in the fourth quarter worth $135,000. New York State Common Retirement Fund lifted its position in Landsea Homes by 3,727.9% in the fourth quarter. New York State Common Retirement Fund now owns 10,718 shares of the company’s stock worth $141,000 after purchasing an additional 10,438 shares during the period. Finally, SG Americas Securities LLC bought a new position in Landsea Homes in the fourth quarter worth $148,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Bruce D. Frank sold 5,491 shares of Landsea Homes stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $10.21, for a total value of $56,063.11. Following the completion of the sale, the director now directly owns 35,261 shares in the company, valued at $360,014.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Mollie Fadule bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of $9.78 per share, for a total transaction of $97,800.00. Following the transaction, the director now owns 71,727 shares of the company’s stock, valued at $701,490.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bruce D. Frank sold 5,491 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $10.21, for a total value of $56,063.11. Following the transaction, the director now owns 35,261 shares of the company’s stock, valued at $360,014.81. The disclosure for this sale can be found here. Insiders sold a total of 4,567,162 shares of company stock worth $29,057,772 over the last three months. 51.00% of the stock is currently owned by company insiders.

Landsea Homes Stock Performance

Shares of NASDAQ:LSEA opened at $8.73 on Wednesday. Landsea Homes Co. has a twelve month low of $7.00 and a twelve month high of $14.91. The firm has a market cap of $315.85 million, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.63 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.13 and a current ratio of 2.13. The business has a fifty day moving average of $9.97 and a 200-day moving average of $11.67.

Landsea Homes (NASDAQ:LSEA) last announced its earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The business had revenue of $294.04 million during the quarter, compared to analyst estimates of $277.30 million. Landsea Homes had a net margin of 2.08% and a return on equity of 6.17%. During the same quarter last year, the business posted $0.18 earnings per share. On average, equities research analysts predict that Landsea Homes Co. will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

LSEA has been the subject of a number of analyst reports. Barclays cut their price objective on Landsea Homes from $14.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Oppenheimer initiated coverage on Landsea Homes in a report on Friday, May 31st. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Wedbush reissued an “outperform” rating and set a $16.00 price objective on shares of Landsea Homes in a report on Wednesday, May 1st.

About Landsea Homes

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.