22,885 Shares in Landsea Homes Co. (NASDAQ:LSEA) Bought by PDT Partners LLC

PDT Partners LLC acquired a new position in shares of Landsea Homes Co. (NASDAQ:LSEA) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,885 shares of the company’s stock, valued at approximately $283,000. PDT Partners LLC owned about 0.06% of Landsea Homes as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladius Capital Management LP purchased a new position in Landsea Homes during the third quarter worth $32,000. Signaturefd LLC purchased a new position in Landsea Homes during the second quarter worth $28,000. Point72 Asset Management L.P. purchased a new position in Landsea Homes during the second quarter worth $31,000. Byrne Asset Management LLC purchased a new position in Landsea Homes during the second quarter worth $32,000. Finally, SG Americas Securities LLC purchased a new position in Landsea Homes during the third quarter worth $125,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley reissued a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th.

Landsea Homes Price Performance

Shares of NASDAQ:LSEA opened at $11.61 on Wednesday. The company has a market cap of $421.21 million, a P/E ratio of 16.13, a P/E/G ratio of 0.83 and a beta of 1.15. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a 52 week low of $8.28 and a 52 week high of $14.91. The business has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $10.99.

Insider Activity

In other news, Director Thomas Hartfield sold 5,000 shares of Landsea Homes stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $10.62, for a total value of $53,100.00. Following the completion of the sale, the director now owns 59,181 shares of the company’s stock, valued at $628,502.22. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 51.00% 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.