Rhumbline Advisers Has $191,000 Stake in Landsea Homes Co. (NASDAQ:LSEA)

Rhumbline Advisers increased its stake in Landsea Homes Co. (NASDAQ:LSEA) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,755 shares of the company’s stock after buying an additional 862 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of Landsea Homes worth $191,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LSEA. Russell Investments Group Ltd. grew its holdings in Landsea Homes by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company’s stock valued at $1,402,000 after buying an additional 2,077 shares in the last quarter. Foundry Partners LLC increased its holdings in Landsea Homes by 0.5% in the first quarter. Foundry Partners LLC now owns 479,030 shares of the company’s stock worth $6,960,000 after purchasing an additional 2,190 shares in the last quarter. Signaturefd LLC bought a new position in Landsea Homes during the second quarter worth $28,000. Boston Partners increased its position in Landsea Homes by 22.9% in the 1st quarter. Boston Partners now owns 17,780 shares of the company’s stock valued at $258,000 after buying an additional 3,313 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in Landsea Homes in the 2nd quarter valued at $32,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Landsea Homes Stock Performance

NASDAQ LSEA opened at $12.43 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.70 and a current ratio of 2.70. The company has a fifty day moving average of $11.89 and a 200-day moving average of $11.17. Landsea Homes Co. has a 52-week low of $7.00 and a 52-week high of $14.91. The company has a market capitalization of $449.70 million, a P/E ratio of 18.28, a P/E/G ratio of 0.88 and a beta of 1.11.

Landsea Homes (NASDAQ:LSEA) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $431.14 million for the quarter, compared to analysts’ expectations of $336.20 million. Landsea Homes had a return on equity of 6.29% and a net margin of 1.72%. During the same period in the previous year, the firm earned $0.33 EPS. As a group, equities research analysts predict that Landsea Homes Co. will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on LSEA. Wedbush increased their price target on Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Oppenheimer lifted their price objective on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Barclays upped their price target 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.

Insider Buying and Selling at Landsea Homes

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

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.