Prudential Financial Inc. Has $418,000 Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Prudential Financial Inc. decreased its position in shares of Landsea Homes Co. (NASDAQ:LSEA) by 9.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 49,230 shares of the company’s stock after selling 5,000 shares during the quarter. Prudential Financial Inc.’s holdings in Landsea Homes were worth $418,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LSEA. Quarry LP bought a new position in shares of Landsea Homes in the 3rd quarter worth $44,000. SG Americas Securities LLC raised its holdings in shares of Landsea Homes by 30.5% in the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock valued at $112,000 after purchasing an additional 3,080 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Landsea Homes in the 3rd quarter valued at about $167,000. Centiva Capital LP bought a new position in Landsea Homes in the third quarter valued at approximately $170,000. Finally, XTX Topco Ltd acquired a new position in Landsea Homes during the third quarter worth $268,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Landsea Homes in a research report on Wednesday, March 5th. Barclays reduced their price target on Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday.

Landsea Homes Stock Up 6.9 %

Shares of NASDAQ LSEA opened at $6.03 on Thursday. The stock has a 50-day moving average price of $7.27 and a two-hundred day moving average price of $9.20. The company has a market cap of $219.07 million, a price-to-earnings ratio of 8.38, 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. Landsea Homes Co. has a 12 month low of $5.41 and a 12 month high of $14.04.

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.