Wedbush Reaffirms Neutral Rating for Landsea Homes (NASDAQ:LSEA)

Landsea Homes (NASDAQ:LSEA)‘s stock had its “neutral” rating restated by investment analysts at Wedbush in a report released on Tuesday, Marketbeat.com reports. They presently have a $11.30 price objective on the stock, down from their prior price objective of $15.00. Wedbush’s price objective indicates a potential upside of 0.80% from the stock’s current price.

Separately, 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.

Landsea Homes Stock Down 0.5%

Shares of NASDAQ:LSEA opened at $11.21 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market cap of $408.16 million, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. Landsea Homes has a 52 week low of $5.41 and a 52 week high of $14.04. The firm has a 50 day simple moving average of $6.57 and a 200 day simple moving average of $8.29.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Keeley Teton Advisors LLC increased its stake in shares of Landsea Homes by 260.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 226,573 shares of the company’s stock worth $1,455,000 after purchasing an additional 163,658 shares during the last quarter. Corebridge Financial Inc. increased its stake in shares of Landsea Homes by 57.7% during the 1st quarter. Corebridge Financial Inc. now owns 14,112 shares of the company’s stock worth $91,000 after purchasing an additional 5,163 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Landsea Homes by 42.2% during the 1st quarter. MetLife Investment Management LLC now owns 17,982 shares of the company’s stock worth $115,000 after purchasing an additional 5,336 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Landsea Homes by 9.6% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 57,010 shares of the company’s stock valued at $366,000 after buying an additional 4,972 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in Landsea Homes by 9.1% in the 1st quarter. Hsbc Holdings PLC now owns 62,886 shares of the company’s stock valued at $399,000 after buying an additional 5,270 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.