Landsea Homes Co. (NASDAQ:LSEA) Position Trimmed by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC trimmed its position in shares of Landsea Homes Co. (NASDAQ:LSEA) by 54.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,948 shares of the company’s stock after selling 23,450 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Landsea Homes were worth $169,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Mill Road Capital Management LLC lifted its holdings in shares of Landsea Homes by 99.2% during 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 buying an additional 905,424 shares during the last quarter. Nokomis Capital L.L.C. lifted its holdings in shares of 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 buying an additional 558,834 shares during the last quarter. Voss Capital LP lifted its holdings in shares of Landsea Homes by 72.6% during the 4th quarter. Voss Capital LP now owns 1,320,153 shares of the company’s stock valued at $11,208,000 after buying an additional 555,153 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Landsea Homes by 13.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,271,249 shares of the company’s stock valued at $10,793,000 after buying an additional 151,520 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Landsea Homes by 52.4% during the 4th quarter. Wellington Management Group LLP now owns 1,058,800 shares of the company’s stock valued at $8,989,000 after buying an additional 363,900 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Landsea Homes Price Performance

LSEA opened at $11.22 on Wednesday. The business has a 50 day moving average price of $6.89 and a 200 day moving average price of $8.29. Landsea Homes Co. has a twelve month low of $5.41 and a twelve month high of $14.04. 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 firm has a market cap of $408.52 million, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LSEA. Wedbush reiterated a “neutral” rating and set a $11.30 price target (down from $15.00) on shares of Landsea Homes in a report on Tuesday, May 13th. Barclays lifted their price target on Landsea Homes from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Oppenheimer lowered Landsea Homes from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 13th.

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.