PDT Partners LLC Buys New Holdings in Landsea Homes Co. (NASDAQ:LSEA)

PDT Partners LLC bought a new stake in Landsea Homes Co. (NASDAQ:LSEA) during the third quarter, Holdings Channel reports. The fund bought 22,885 shares of the company’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSEA. Signaturefd LLC acquired a new position in Landsea Homes in the second quarter valued at $28,000. Point72 Asset Management L.P. acquired a new position in shares of Landsea Homes during the second quarter worth about $31,000. Byrne Asset Management LLC acquired a new position in shares of Landsea Homes during the second quarter worth about $32,000. Gladius Capital Management LP acquired a new position in shares of Landsea Homes during the third quarter worth about $32,000. Finally, Algert Global LLC lifted its stake in shares of Landsea Homes by 16.0% during the second quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after purchasing an additional 1,798 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Landsea Homes Trading Up 0.1 %

Shares of LSEA opened at $11.61 on Wednesday. The stock’s 50-day moving average is $11.41 and its two-hundred day moving average is $10.99. The stock has a market cap of $421.21 million, a PE ratio of 16.13, a P/E/G ratio of 0.83 and a beta of 1.15. Landsea Homes Co. has a 12 month low of $8.28 and a 12 month high of $14.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81.

Insider Buying and Selling

In related news, Director Thomas Hartfield sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $10.62, for a total value of $53,100.00. Following the transaction, the director now owns 59,181 shares in the company, valued at approximately $628,502.22. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 51.00% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley restated a “buy” rating and set a $18.00 price objective (up previously from $17.00) on shares of Landsea Homes in a research note on Tuesday, November 5th.

Landsea Homes Company 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.