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

Corton Capital Inc. acquired a new stake in Landsea Homes Co. (NASDAQ:LSEA – Get 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:LSEA – Get 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

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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.