Algert Global LLC Sells 2,110 Shares of Landsea Homes Co. (NASDAQ:LSEA)

Algert Global LLC cut its position in Landsea Homes Co. (NASDAQ:LSEA) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,309 shares of the company’s stock after selling 2,110 shares during the quarter. Algert Global LLC’s holdings in Landsea Homes were worth $138,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in shares of Landsea Homes during the 4th quarter worth $38,000. Tower Research Capital LLC TRC lifted its holdings in Landsea Homes by 100.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company’s stock valued at $63,000 after purchasing an additional 3,721 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Landsea Homes by 17.9% during the fourth quarter. Wells Fargo & Company MN now owns 12,306 shares of the company’s stock valued at $104,000 after purchasing an additional 1,870 shares during the last quarter. SG Americas Securities LLC boosted its position in Landsea Homes by 30.5% during the fourth 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 period. Finally, Phoenix Financial Ltd. purchased a new position in shares of Landsea Homes in the fourth quarter worth about $168,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Landsea Homes Stock Up 60.8%

LSEA stock opened at $11.27 on Wednesday. The stock has a 50-day simple moving average of $6.49 and a two-hundred day simple moving average of $8.27. Landsea Homes Co. has a twelve month low of $5.41 and a twelve month high of $14.04. The firm has a market capitalization of $410.34 million, a PE ratio of 15.65, a PEG ratio of 0.45 and a beta of 1.60. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LSEA. Wedbush restated a “neutral” rating and set a $11.30 price target (down from $15.00) on shares of Landsea Homes in a research note on Tuesday. Barclays lowered their target price on shares of Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th.

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.