Bank of New York Mellon Corp lifted its position in shares of Landsea Homes Co. (NASDAQ:LSEA – Free Report) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,206 shares of the company’s stock after purchasing an additional 5,721 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.33% of Landsea Homes worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of LSEA. American International Group Inc. boosted its stake in Landsea Homes by 42.0% in the 2nd quarter. American International Group Inc. now owns 6,473 shares of the company’s stock valued at $60,000 after buying an additional 1,915 shares in the last quarter. Barclays PLC boosted its stake in Landsea Homes by 12.3% in the 4th quarter. Barclays PLC now owns 19,456 shares of the company’s stock valued at $101,000 after buying an additional 2,137 shares in the last quarter. Bank of America Corp DE boosted its stake in Landsea Homes by 42.6% in the 4th quarter. Bank of America Corp DE now owns 7,529 shares of the company’s stock valued at $39,000 after buying an additional 2,248 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Landsea Homes by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,290 shares of the company’s stock valued at $153,000 after buying an additional 3,053 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Landsea Homes by 6.0% in the 4th quarter. Morgan Stanley now owns 55,317 shares of the company’s stock valued at $288,000 after buying an additional 3,155 shares in the last quarter. Institutional investors and hedge funds own 13.83% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on LSEA. B. Riley reaffirmed a “buy” rating on shares of Landsea Homes in a research note on Friday, November 3rd. Wedbush reiterated an “outperform” rating and issued a $16.00 price objective on shares of Landsea Homes in a research report on Tuesday, January 9th. Finally, Barclays cut their price objective on Landsea Homes from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, October 12th.
Insider Buying and Selling at Landsea Homes
In other news, Director Elias Farhat sold 18,943 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $11.92, for a total transaction of $225,800.56. Following the completion of the sale, the director now owns 327,381 shares in the company, valued at $3,902,381.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 29,595 shares of company stock worth $349,014. 66.90% of the stock is currently owned by insiders.
Landsea Homes Trading Up 3.3 %
Shares of LSEA opened at $12.08 on Friday. The stock has a fifty day moving average price of $12.40 and a two-hundred day moving average price of $10.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.41 and a current ratio of 2.41. Landsea Homes Co. has a 52-week low of $7.00 and a 52-week high of $13.60. The company has a market cap of $456.50 million, a price-to-earnings ratio of 11.62 and a beta of 1.03.
Landsea Homes Profile
Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County.
- Five stocks we like better than Landsea Homes
- Russell 2000 Index, How Investors Use it For Profitable Trading
- The 5 best small cap AI companies to buy now
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Cirrus Logic: A chip stock you’re going to hear a lot more about
- How to Most Effectively Use the MarketBeat Earnings Screener
- Archer Aviation’s sky-high progress and short interest
Receive News & Ratings for Landsea Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landsea Homes and related companies with MarketBeat.com's FREE daily email newsletter.