Aristeia Capital L.L.C. Takes $670,000 Position in Landsea Homes Co. (NASDAQ:LSEA)

Aristeia Capital L.L.C. purchased a new position in Landsea Homes Co. (NASDAQ:LSEA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 72,948 shares of the company’s stock, valued at approximately $670,000.

Several other large investors also recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new stake in shares of Landsea Homes in the 2nd quarter valued at approximately $28,000. Byrne Asset Management LLC purchased a new stake in Landsea Homes during the 2nd quarter valued at $32,000. Quarry LP bought a new stake in Landsea Homes in the fourth quarter worth $90,000. Cornerstone Investment Partners LLC purchased a new position in Landsea Homes during the first quarter worth $189,000. Finally, Hsbc Holdings PLC increased its position in Landsea Homes by 69.6% during the second quarter. Hsbc Holdings PLC now owns 17,702 shares of the company’s stock valued at $159,000 after acquiring an additional 7,265 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on LSEA. Oppenheimer raised their target price on shares of Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Barclays boosted their target price on Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Wedbush increased their price target on Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd.

Landsea Homes Trading Down 2.6 %

Shares of LSEA opened at $12.76 on Tuesday. The firm has a market capitalization of $461.64 million, a price-to-earnings ratio of 18.76, a PEG ratio of 0.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.70 and a quick ratio of 2.70. Landsea Homes Co. has a 1-year low of $7.00 and a 1-year high of $14.91. The company has a 50-day moving average of $11.78 and a 200 day moving average of $11.20.

Landsea Homes (NASDAQ:LSEA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. Landsea Homes had a net margin of 1.72% and a return on equity of 6.29%. The firm had revenue of $431.14 million during the quarter, compared to the consensus estimate of $336.20 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, research analysts expect that Landsea Homes Co. will post 1.45 EPS for the current year.

Insiders Place Their Bets

In related news, Director Elias Farhat sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $12.07, for a total value of $724,200.00. Following the completion of the transaction, the director now owns 272,685 shares of the company’s stock, valued at $3,291,307.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 51.00% of the company’s stock.

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.