Russell Investments Group Ltd. Has $2.70 Million Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Russell Investments Group Ltd. lifted its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA) by 170.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,796 shares of the company’s stock after buying an additional 200,175 shares during the quarter. Russell Investments Group Ltd.’s holdings in Landsea Homes were worth $2,698,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in Landsea Homes by 1.4% during the 3rd quarter. State Street Corp now owns 327,961 shares of the company’s stock worth $4,050,000 after acquiring an additional 4,433 shares during the period. Jane Street Group LLC boosted its position in shares of Landsea Homes by 40.0% in the 3rd quarter. Jane Street Group LLC now owns 57,393 shares of the company’s stock worth $709,000 after purchasing an additional 16,408 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Landsea Homes during the third quarter worth $268,000. Barclays PLC increased its holdings in Landsea Homes by 87.0% in the third quarter. Barclays PLC now owns 209,290 shares of the company’s stock valued at $2,585,000 after purchasing an additional 97,391 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Landsea Homes by 13.1% in the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock valued at $5,328,000 after buying an additional 49,830 shares during the period. 82.99% of the stock is owned by institutional investors.

Landsea Homes Stock Up 2.8 %

NASDAQ:LSEA opened at $5.93 on Friday. Landsea Homes Co. has a 1 year low of $5.41 and a 1 year high of $14.04. The stock has a 50-day moving average price of $7.01 and a two-hundred day moving average price of $8.95. The stock has a market cap of $215.44 million, a price-to-earnings ratio of 8.24, a PEG ratio of 0.45 and a beta of 1.46. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LSEA. Barclays decreased their target price on Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of Landsea Homes in a report on Wednesday, March 5th.

Landsea Homes 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.