Barclays Lowers Landsea Homes (NASDAQ:LSEA) Price Target to $6.00

Landsea Homes (NASDAQ:LSEA) had its price objective trimmed by Barclays from $7.00 to $6.00 in a report published on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Separately, Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of Landsea Homes in a research note on Wednesday, March 5th.

Landsea Homes Stock Performance

NASDAQ LSEA opened at $5.64 on Tuesday. Landsea Homes has a 12-month low of $5.55 and a 12-month high of $14.04. The firm has a 50-day moving average price of $7.37 and a two-hundred day moving average price of $9.27. The company has a market capitalization of $204.90 million, a P/E ratio of 7.83, a P/E/G ratio of 0.45 and a beta of 1.46. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mill Road Capital Management LLC boosted its holdings in shares of Landsea Homes by 99.2% in the 4th quarter. Mill Road Capital Management LLC now owns 1,818,281 shares of the company’s stock valued at $15,437,000 after purchasing an additional 905,424 shares in the last quarter. Nokomis Capital L.L.C. boosted its stake in Landsea Homes by 51.5% in the fourth quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company’s stock valued at $13,954,000 after buying an additional 558,834 shares in the last quarter. Voss Capital LP grew its position in Landsea Homes by 72.6% in the fourth quarter. Voss Capital LP now owns 1,320,153 shares of the company’s stock valued at $11,208,000 after acquiring an additional 555,153 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Landsea Homes by 13.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,271,249 shares of the company’s stock worth $10,793,000 after acquiring an additional 151,520 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Landsea Homes by 52.4% in the fourth quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company’s stock worth $8,989,000 after acquiring an additional 363,900 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

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.