Walleye Capital LLC Acquires New Stake in Landsea Homes Co. (NASDAQ:LSEA)

Walleye Capital LLC acquired a new stake in Landsea Homes Co. (NASDAQ:LSEA) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 72,046 shares of the company’s stock, valued at approximately $890,000. Walleye Capital LLC owned approximately 0.20% of Landsea Homes at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Algert Global LLC increased its stake in Landsea Homes by 16.0% in the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock valued at $120,000 after buying an additional 1,798 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Landsea Homes in the 2nd quarter valued at $494,000. Aristeia Capital L.L.C. acquired a new stake in Landsea Homes in the 2nd quarter valued at $670,000. Vanguard Group Inc. increased its stake in Landsea Homes by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 774,128 shares of the company’s stock valued at $11,248,000 after buying an additional 6,159 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in Landsea Homes in the 3rd quarter valued at $416,000. 82.99% of the stock is owned by institutional investors.

Insider Transactions at Landsea Homes

In related news, Director Thomas Hartfield sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $10.62, for a total value of $53,100.00. Following the transaction, the director now owns 59,181 shares in the company, valued at approximately $628,502.22. This represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 51.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Landsea Homes Stock Down 6.8 %

Landsea Homes stock opened at $10.44 on Friday. The firm has a market capitalization of $378.79 million, a PE ratio of 14.51, a P/E/G ratio of 0.83 and a beta of 1.15. The company’s 50-day moving average is $11.34 and its 200-day moving average is $11.00. Landsea Homes Co. has a fifty-two week low of $8.28 and a fifty-two week high of $14.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81.

Landsea Homes Company Profile

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.