Landsea Homes Sees Unusually Large Options Volume (NASDAQ:LSEA)

Landsea Homes Co. (NASDAQ:LSEA) saw unusually large options trading activity on Tuesday. Investors bought 2,699 call options on the stock. This is an increase of approximately 2,168% compared to the typical volume of 119 call options.

Analyst Ratings Changes

A number of research firms recently weighed in on LSEA. Wedbush reissued an “outperform” rating and set a $15.00 price target on shares of Landsea Homes in a research report on Wednesday, March 5th. Barclays reduced their price target on shares of Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th.

Institutional Investors Weigh In On Landsea Homes

Large investors have recently added to or reduced their stakes in the company. Mill Road Capital Management LLC grew its position 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 worth $15,437,000 after buying an additional 905,424 shares during the last quarter. Heartland Advisors Inc. purchased a new position in Landsea Homes during the fourth quarter valued at $7,252,000. Nokomis Capital L.L.C. lifted its position in Landsea Homes by 51.5% during the 4th quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company’s stock valued at $13,954,000 after acquiring an additional 558,834 shares during the period. Voss Capital LP boosted its stake in Landsea Homes by 72.6% during the fourth quarter. Voss Capital LP now owns 1,320,153 shares of the company’s stock worth $11,208,000 after acquiring an additional 555,153 shares in the last quarter. Finally, B. Riley Financial Inc. purchased a new stake in Landsea Homes in the fourth quarter worth about $4,246,000. Institutional investors own 82.99% of the company’s stock.

Landsea Homes Trading Up 59.9%

Landsea Homes stock traded up $4.21 during trading hours on Tuesday, reaching $11.23. The company had a trading volume of 14,917,644 shares, compared to its average volume of 330,072. The firm has a market cap of $408.70 million, a price-to-earnings ratio of 15.59, a P/E/G ratio of 0.45 and a beta of 1.60. Landsea Homes has a 12-month low of $5.41 and a 12-month high of $14.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The company has a 50-day moving average price of $6.41 and a 200 day moving average price of $8.25.

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.