Russell Investments Group Ltd. Reduces Stake in Landsea Homes Co. (NASDAQ:LSEA)

Russell Investments Group Ltd. decreased its holdings in Landsea Homes Co. (NASDAQ:LSEA – Get Rating) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 319,773 shares of the company’s stock after selling 9,798 shares during the quarter. Russell Investments Group Ltd.’s holdings in Landsea Homes were worth $1,666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LSEA. B. Riley Financial Inc. purchased a new position in shares of Landsea Homes in the third quarter valued at approximately $72,000. Janney Montgomery Scott LLC purchased a new position in Landsea Homes in the third quarter worth approximately $80,000. Ritholtz Wealth Management lifted its stake in Landsea Homes by 12.6% in the fourth quarter. Ritholtz Wealth Management now owns 17,007 shares of the company’s stock worth $89,000 after acquiring an additional 1,904 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Landsea Homes in the first quarter worth approximately $89,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Landsea Homes during the 1st quarter worth approximately $94,000. Hedge funds and other institutional investors own 12.63% of the company’s stock.

Landsea Homes Stock Performance

Shares of LSEA opened at $7.33 on Wednesday. The stock has a market capitalization of $293.57 million, a P/E ratio of 4.79 and a beta of 0.61. The company’s fifty day moving average is $6.33 and its two-hundred day moving average is $6.12. Landsea Homes Co. has a 1 year low of $4.48 and a 1 year high of $7.99.

Landsea Homes (NASDAQ:LSEA – Get Rating) last announced its quarterly earnings data on Tuesday, March 7th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.09). The firm had revenue of $425.96 million during the quarter, compared to analyst estimates of $395.78 million. Landsea Homes had a net margin of 4.64% and a return on equity of 14.24%. Sell-side analysts predict that Landsea Homes Co. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. B. Riley boosted their price objective on shares of Landsea Homes from $8.00 to $10.00 in a research report on Wednesday, March 8th. TheStreet raised shares of Landsea Homes from a “d+” rating to a “c-” rating in a report on Wednesday, April 12th.

Landsea Homes Profile

(Get Rating)

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