Cubist Systematic Strategies LLC Takes Position in Landsea Homes Co. (NASDAQ:LSEA)

Cubist Systematic Strategies LLC acquired a new stake in Landsea Homes Co. (NASDAQ:LSEA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 53,753 shares of the company’s stock, valued at approximately $494,000.

Several other large investors also recently modified their holdings of LSEA. Signaturefd LLC bought a new stake in Landsea Homes during the 2nd quarter worth approximately $28,000. Point72 Asset Management L.P. bought a new stake in Landsea Homes during the 2nd quarter worth approximately $31,000. Byrne Asset Management LLC bought a new stake in Landsea Homes during the 2nd quarter worth approximately $32,000. Quarry LP bought a new stake in Landsea Homes during the 4th quarter worth approximately $90,000. Finally, Cornerstone Investment Partners LLC bought a new stake in Landsea Homes during the 1st quarter worth approximately $189,000. 82.99% of the stock is currently owned by institutional investors.

Landsea Homes Stock Up 1.3 %

NASDAQ:LSEA opened at $11.13 on Friday. The stock’s fifty day moving average price is $11.83 and its two-hundred day moving average price is $11.09. Landsea Homes Co. has a 52-week low of $7.00 and a 52-week high of $14.91. 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 market cap of $403.80 million, a price-to-earnings ratio of 17.39, a P/E/G ratio of 0.77 and a beta of 1.11.

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 analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $431.14 million for the quarter, compared to the consensus estimate of $336.20 million. Landsea Homes had a return on equity of 6.29% and a net margin of 1.72%. During the same quarter in the prior year, the business posted $0.33 EPS. On average, analysts anticipate that Landsea Homes Co. will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

LSEA has been the topic of a number of research analyst reports. Barclays increased their price target on Landsea Homes from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Oppenheimer upped their price objective on Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Wedbush upped their price objective on Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd.

Insider Activity

In other news, Director Elias Farhat sold 60,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $12.07, for a total value of $724,200.00. Following the transaction, the director now owns 272,685 shares of the company’s stock, valued at $3,291,307.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 51.00% of the stock is currently owned by company 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.