Landsea Homes Co. (NASDAQ:LSEA) Sees Significant Growth in Short Interest

Landsea Homes Co. (NASDAQ:LSEA) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,010,000 shares, an increase of 31.1% from the February 28th total of 770,500 shares. Currently, 4.9% of the company’s stock are short sold. Based on an average daily trading volume, of 348,700 shares, the short-interest ratio is currently 2.9 days.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LSEA shares. Wedbush reiterated an “outperform” rating and issued a $15.00 price target on shares of Landsea Homes in a report on Wednesday, March 5th. Barclays reduced their target price on shares of Landsea Homes from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd.

Landsea Homes Stock Down 2.8 %

Shares of LSEA traded down $0.18 during midday trading on Tuesday, hitting $6.24. 198,505 shares of the company’s stock traded hands, compared to its average volume of 255,051. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $226.70 million, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28. Landsea Homes has a 1 year low of $6.15 and a 1 year high of $14.04. The firm’s fifty day moving average is $7.66 and its 200-day moving average is $9.55.

Institutional Investors Weigh In On Landsea Homes

Several institutional investors have recently added to or reduced their stakes in LSEA. Wellington Management Group LLP increased its holdings in shares of Landsea Homes by 52.4% during the fourth quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company’s stock valued at $8,989,000 after acquiring an additional 363,900 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Landsea Homes during the fourth quarter worth $158,000. Nokomis Capital L.L.C. lifted its stake in shares of Landsea Homes by 51.5% during the fourth quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company’s stock worth $13,954,000 after buying an additional 558,834 shares during the period. Deutsche Bank AG grew its holdings in shares of Landsea Homes by 104.7% during the fourth quarter. Deutsche Bank AG now owns 16,127 shares of the company’s stock valued at $137,000 after buying an additional 8,250 shares during the last quarter. Finally, Corton Capital Inc. purchased a new position in Landsea Homes in the 4th quarter worth $215,000. Institutional investors and hedge funds own 82.99% 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.