Foundry Partners LLC Acquires 63,295 Shares of Landsea Homes Co. (NASDAQ:LSEA)

Foundry Partners LLC raised its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA) by 16.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 441,455 shares of the company’s stock after acquiring an additional 63,295 shares during the period. Foundry Partners LLC’s holdings in Landsea Homes were worth $3,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Walleye Capital LLC purchased a new stake in shares of Landsea Homes in the 3rd quarter worth $890,000. Centiva Capital LP purchased a new position in shares of Landsea Homes during the 3rd quarter valued at about $170,000. Quarry LP purchased a new stake in Landsea Homes in the 3rd quarter worth approximately $44,000. State Street Corp raised its stake in Landsea Homes by 1.4% during the 3rd quarter. State Street Corp now owns 327,961 shares of the company’s stock worth $4,050,000 after acquiring an additional 4,433 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Landsea Homes by 20.8% during the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock valued at $8,582,000 after purchasing an additional 119,500 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Landsea Homes Trading Up 8.3 %

Landsea Homes stock opened at $6.25 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The firm’s 50 day moving average price is $7.53 and its 200-day moving average price is $9.46. Landsea Homes Co. has a 1 year low of $5.62 and a 1 year high of $14.04. The stock has a market cap of $227.06 million, a P/E ratio of 8.68, a PEG ratio of 0.45 and a beta of 1.46.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LSEA shares. Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of Landsea Homes in a research report on Wednesday, March 5th. Barclays lowered their price objective on Landsea Homes from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd.

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.