Landsea Homes Co. (NASDAQ:LSEA) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its stake in Landsea Homes Co. (NASDAQ:LSEA) by 73.1% in the 4th quarter, Holdings Channel reports. The firm owned 40,123 shares of the company’s stock after selling 108,909 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Landsea Homes were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LSEA. Mill Road Capital Management LLC grew its stake in shares of Landsea Homes by 18.2% in the third quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock valued at $11,274,000 after buying an additional 140,786 shares in the last quarter. Wellington Management Group LLP grew its position in Landsea Homes by 20.8% in the 3rd quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock valued at $8,582,000 after acquiring an additional 119,500 shares in the last quarter. Geode Capital Management LLC increased its stake in Landsea Homes by 13.1% during the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock worth $5,328,000 after purchasing an additional 49,830 shares during the period. Peregrine Capital Management LLC acquired a new stake in shares of Landsea Homes during the fourth quarter worth about $2,890,000. Finally, State Street Corp boosted its stake in shares of Landsea Homes by 1.4% in the third quarter. State Street Corp now owns 327,961 shares of the company’s stock valued at $4,050,000 after purchasing an additional 4,433 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

LSEA has been the topic of a number of research reports. Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of Landsea Homes in a report on Wednesday, March 5th. Barclays reduced their price objective on 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.

Landsea Homes Stock Down 8.6 %

Shares of NASDAQ:LSEA opened at $6.95 on Monday. Landsea Homes Co. has a fifty-two week low of $6.54 and a fifty-two week high of $14.91. The firm’s 50 day moving average price is $7.86 and its 200 day moving average price is $9.80. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The stock has a market cap of $252.49 million, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28.

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.