Landsea Homes Co. (NASDAQ:LSEA) Short Interest Update

Landsea Homes Co. (NASDAQ:LSEA – Get Rating) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 163,100 shares, a decline of 5.4% from the February 13th total of 172,400 shares. Based on an average daily trading volume, of 34,000 shares, the short-interest ratio is presently 4.8 days. Approximately 1.7% of the company’s stock are short sold.

Landsea Homes Trading Down 0.3 %

Shares of Landsea Homes stock opened at $6.52 on Thursday. Landsea Homes has a 12-month low of $4.48 and a 12-month high of $9.21. The firm’s 50 day simple moving average is $6.50 and its two-hundred day simple moving average is $5.76. The firm has a market capitalization of $266.99 million, a price-to-earnings ratio of 3.77 and a beta of 0.62.

Analysts Set New Price Targets

Several brokerages have recently commented on LSEA. B. Riley increased their price objective on Landsea Homes from $8.00 to $10.00 in a report on Wednesday, March 8th. Barclays decreased their price target on Landsea Homes from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, November 21st.

Hedge Funds Weigh In On Landsea Homes

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Landsea Homes by 42.6% during the 4th quarter. Bank of America Corp DE now owns 7,529 shares of the company’s stock valued at $39,000 after purchasing an additional 2,248 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Landsea Homes by 26,451.7% during the fourth quarter. Wells Fargo & Company MN now owns 7,700 shares of the company’s stock worth $40,000 after purchasing an additional 7,671 shares during the period. Lazard Asset Management LLC purchased a new stake in Landsea Homes in the first quarter valued at approximately $89,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Landsea Homes in the 4th quarter worth approximately $56,000. Finally, Goldman Sachs Group Inc. purchased a new position in Landsea Homes during the 1st quarter worth approximately $94,000. 12.63% of the stock is owned by institutional investors and hedge funds.

About Landsea Homes

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Landsea Homes Corp. provides building construction services. It has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas. The company was founded in 2013 and is headquartered in Newport Beach, CA.