Foundry Partners LLC Increases Position in Landsea Homes Co. (NASDAQ:LSEA)

Foundry Partners LLC grew its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA) by 16.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 441,455 shares of the company’s stock after purchasing an additional 63,295 shares during the period. Foundry Partners LLC owned approximately 1.22% of Landsea Homes worth $3,748,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Summit Securities Group LLC purchased a new position in Landsea Homes during the fourth quarter valued at $38,000. Quarry LP bought a new position in shares of Landsea Homes during the third quarter valued at $44,000. SG Americas Securities LLC raised its position in shares of Landsea Homes by 30.5% in the 4th quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock worth $112,000 after purchasing an additional 3,080 shares during the last quarter. Virtu Financial LLC bought a new position in Landsea Homes in the 3rd quarter worth about $167,000. Finally, Centiva Capital LP purchased a new stake in Landsea Homes during the 3rd quarter valued at about $170,000. 82.99% of the stock is owned by institutional investors.

Landsea Homes Stock Performance

Shares of LSEA stock opened at $6.25 on Friday. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $7.53 and a 200-day moving average price of $9.46. Landsea Homes Co. has a 52 week low of $5.62 and a 52 week high of $14.04. The firm has a market capitalization of $227.06 million, a PE ratio of 8.68, a P/E/G ratio of 0.45 and a beta of 1.46.

Analyst Upgrades and Downgrades

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

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.