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

Boston Partners raised its stake in Landsea Homes Co. (NASDAQ:LSEA) by 109.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,835 shares of the company’s stock after acquiring an additional 53,714 shares during the period. Boston Partners owned approximately 0.28% of Landsea Homes worth $873,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Peregrine Capital Management LLC acquired a new position in Landsea Homes in the fourth quarter valued at about $2,890,000. Mill Road Capital Management LLC raised its position in shares of Landsea Homes by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock valued at $11,274,000 after buying an additional 140,786 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Landsea Homes by 20.8% during the 3rd quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock worth $8,582,000 after acquiring an additional 119,500 shares during the period. Barclays PLC boosted its position in shares of Landsea Homes by 87.0% during the 3rd quarter. Barclays PLC now owns 209,290 shares of the company’s stock worth $2,585,000 after acquiring an additional 97,391 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in Landsea Homes in the third quarter valued at approximately $890,000. 82.99% of the stock is currently owned by institutional investors.

Landsea Homes Price Performance

Shares of NASDAQ:LSEA opened at $6.95 on Friday. The firm has a 50 day simple moving average of $7.86 and a 200 day simple moving average of $9.81. The company has a market cap of $252.49 million, a price-to-earnings ratio of 9.65, a PEG ratio of 0.45 and a beta of 1.28. Landsea Homes Co. has a one year low of $6.54 and a one year high of $14.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81.

Analysts Set New Price Targets

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

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.