Corton Capital Inc. Invests $206,000 in Landsea Homes Co. (NASDAQ:LSEA)

Corton Capital Inc. acquired a new stake in Landsea Homes Co. (NASDAQ:LSEAGet Rating) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,904 shares of the company’s stock, valued at approximately $206,000. Corton Capital Inc. owned about 0.08% of Landsea Homes at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Delphia USA Inc. acquired a new position in Landsea Homes in the 2nd quarter valued at approximately $225,000. State Street Corp raised its position in Landsea Homes by 14.9% during the 2nd quarter. State Street Corp now owns 137,001 shares of the company’s stock worth $912,000 after purchasing an additional 17,808 shares during the last quarter. Citadel Advisors LLC acquired a new position in Landsea Homes during the 2nd quarter worth about $255,000. Rhumbline Advisers bought a new stake in shares of Landsea Homes in the 2nd quarter valued at about $96,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Landsea Homes in the second quarter valued at about $297,000. 22.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LSEA shares. B. Riley cut their price objective on Landsea Homes from $10.00 to $7.50 and set a “buy” rating on the stock in a research note on Tuesday, October 18th. Barclays decreased their price objective on shares of Landsea Homes from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, November 21st. TheStreet lowered shares of Landsea Homes from a “c-” rating to a “d+” rating in a report on Wednesday, September 28th. Finally, BTIG Research began coverage on shares of Landsea Homes in a research report on Thursday, September 15th. They set a “neutral” rating on the stock.

Insider Buying and Selling at Landsea Homes

In related news, Director Robert S. Miller acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were bought at an average price of $5.42 per share, with a total value of $27,100.00. Following the transaction, the director now directly owns 24,662 shares of the company’s stock, valued at $133,668.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders purchased 7,769 shares of company stock valued at $42,306. Corporate insiders own 76.10% of the company’s stock.

Landsea Homes Stock Performance

Shares of LSEA stock opened at $5.36 on Friday. Landsea Homes Co. has a fifty-two week low of $4.48 and a fifty-two week high of $9.21. The stock has a 50 day simple moving average of $5.12 and a two-hundred day simple moving average of $6.20. The company has a market cap of $219.49 million, a P/E ratio of 2.76 and a beta of 0.54.

Landsea Homes (NASDAQ:LSEAGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. Landsea Homes had a net margin of 6.09% and a return on equity of 19.67%. The company had revenue of $335.59 million during the quarter, compared to analyst estimates of $338.71 million. On average, research analysts predict that Landsea Homes Co. will post 3.04 earnings per share for the current year.

Landsea Homes Profile

(Get Rating)

Landsea Homes Corporation designs, constructs, markets, and sells suburban and urban single-family detached and attached homes in California, Arizona, Florida, Texas, and Metro New York. It offers a range of properties, including entry-level and first-time move-up homes. The company was incorporated in 2017 and is headquartered in Newport Beach, California.

Read More

Want to see what other hedge funds are holding LSEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Landsea Homes Co. (NASDAQ:LSEAGet Rating).

Institutional Ownership by Quarter for Landsea Homes (NASDAQ:LSEA)

Receive News & Ratings for Landsea Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landsea Homes and related companies with MarketBeat.com's FREE daily email newsletter.