Landsea Homes Co. (NASDAQ:LSEA) Short Interest Up 31.1% in March

Landsea Homes Co. (NASDAQ:LSEA) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,010,000 shares, an increase of 31.1% from the February 28th total of 770,500 shares. Currently, 4.9% of the company’s shares are sold short. Based on an average daily volume of 348,700 shares, the short-interest ratio is presently 2.9 days.

Landsea Homes Trading Down 2.8 %

Shares of NASDAQ LSEA traded down $0.18 during mid-day trading on Tuesday, reaching $6.24. The company had a trading volume of 198,505 shares, compared to its average volume of 255,051. The stock has a market cap of $226.70 million, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28. Landsea Homes has a 52 week low of $6.15 and a 52 week high of $14.04. The business’s 50-day moving average is $7.66 and its 200-day moving average is $9.55. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78.

Institutional Trading of Landsea Homes

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP raised its position in Landsea Homes by 52.4% during the 4th quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company’s stock valued at $8,989,000 after purchasing an additional 363,900 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Landsea Homes in the fourth quarter valued at about $158,000. Nokomis Capital L.L.C. lifted its stake in Landsea Homes by 51.5% in the fourth quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company’s stock worth $13,954,000 after acquiring an additional 558,834 shares during the period. Deutsche Bank AG grew its holdings in Landsea Homes by 104.7% during the 4th quarter. Deutsche Bank AG now owns 16,127 shares of the company’s stock worth $137,000 after acquiring an additional 8,250 shares in the last quarter. Finally, Corton Capital Inc. bought a new position in Landsea Homes during the 4th quarter worth about $215,000. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LSEA shares. Wedbush reiterated an “outperform” rating and issued a $15.00 target price on shares of Landsea Homes in a report on Wednesday, March 5th. Barclays reduced their target price on shares of Landsea Homes from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd.

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.