Boston Partners Acquires 53,714 Shares of Landsea Homes Co. (NASDAQ:LSEA)

Boston Partners raised its holdings in Landsea Homes Co. (NASDAQ:LSEA) by 109.4% in the 4th quarter, HoldingsChannel reports. The fund owned 102,835 shares of the company’s stock after acquiring an additional 53,714 shares during the period. Boston Partners’ holdings in Landsea Homes were worth $873,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LSEA. Prescott Group Capital Management L.L.C. acquired a new stake in Landsea Homes in the fourth quarter valued at $600,000. Peregrine Capital Management LLC acquired a new stake in shares of Landsea Homes in the fourth quarter valued at about $2,890,000. Sanctuary Advisors LLC raised its position in shares of Landsea Homes by 36.6% during the fourth quarter. Sanctuary Advisors LLC now owns 54,012 shares of the company’s stock worth $473,000 after acquiring an additional 14,464 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Landsea Homes by 5.1% in the fourth quarter. Empowered Funds LLC now owns 193,501 shares of the company’s stock worth $1,643,000 after acquiring an additional 9,353 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Landsea Homes by 40.1% in the fourth quarter. Inspire Investing LLC now owns 47,176 shares of the company’s stock worth $401,000 after acquiring an additional 13,500 shares during the period. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays lowered their price target on shares of Landsea Homes from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Wedbush reissued an “outperform” rating and set a $15.00 target price on shares of Landsea Homes in a research note on Wednesday, March 5th.

Landsea Homes Trading Down 8.6 %

Shares of LSEA stock opened at $6.95 on Friday. The company has a market cap of $252.49 million, a P/E ratio of 9.65, a PEG ratio of 0.45 and a beta of 1.28. Landsea Homes Co. has a fifty-two week low of $6.54 and a fifty-two week high of $14.91. The stock has a 50 day simple moving average of $7.86 and a two-hundred day simple moving average of $9.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81.

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.