SG Americas Securities LLC Invests $125,000 in Landsea Homes Co. (NASDAQ:LSEA)

SG Americas Securities LLC acquired a new position in Landsea Homes Co. (NASDAQ:LSEA) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 10,095 shares of the company’s stock, valued at approximately $125,000.

A number of other hedge funds have also recently made changes to their positions in LSEA. Signaturefd LLC bought a new position in shares of Landsea Homes in the second quarter worth about $28,000. Point72 Asset Management L.P. bought a new position in shares of Landsea Homes in the second quarter worth about $31,000. Byrne Asset Management LLC purchased a new stake in shares of Landsea Homes in the second quarter worth about $32,000. Algert Global LLC lifted its position in shares of Landsea Homes by 16.0% in the second quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after buying an additional 1,798 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Landsea Homes by 69.6% in the second quarter. Hsbc Holdings PLC now owns 17,702 shares of the company’s stock worth $159,000 after buying an additional 7,265 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

LSEA has been the topic of a number of research analyst reports. Oppenheimer boosted their target price on Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Wedbush boosted their target price on Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Barclays boosted their target price on Landsea Homes from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd.

Insider Buying and Selling at Landsea Homes

In other news, Director Elias Farhat sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $12.07, for a total transaction of $724,200.00. Following the transaction, the director now owns 272,685 shares of the company’s stock, valued at approximately $3,291,307.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 51.00% of the company’s stock.

Landsea Homes Trading Down 2.5 %

Shares of LSEA stock opened at $11.06 on Friday. Landsea Homes Co. has a 1 year low of $7.00 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.70 and a quick ratio of 2.70. The stock’s 50 day simple moving average is $11.99 and its two-hundred day simple moving average is $10.96. The company has a market cap of $400.14 million, a PE ratio of 16.26, a price-to-earnings-growth ratio of 0.79 and a beta of 1.11.

Landsea Homes (NASDAQ:LSEA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Landsea Homes had a return on equity of 6.29% and a net margin of 1.72%. The business had revenue of $431.14 million for the quarter, compared to the consensus estimate of $336.20 million. During the same period in the prior year, the business posted $0.33 earnings per share. Research analysts predict that Landsea Homes Co. will post 1.45 earnings per share for the current year.

Landsea Homes Company 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.