Stock Traders Buy Large Volume of Landsea Homes Call Options (NASDAQ:LSEA)

Landsea Homes Co. (NASDAQ:LSEA) saw some unusual options trading on Tuesday. Stock traders bought 2,699 call options on the stock. This is an increase of 2,168% compared to the average daily volume of 119 call options.

Landsea Homes Stock Performance

NASDAQ LSEA traded up $4.21 on Tuesday, hitting $11.23. 14,917,644 shares of the stock were exchanged, compared to its average volume of 330,072. The company has a market capitalization of $408.70 million, a PE ratio of 15.59, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The business’s fifty day moving average is $6.41 and its 200 day moving average is $8.25. Landsea Homes has a 52 week low of $5.41 and a 52 week high of $14.04.

Hedge Funds Weigh In On Landsea Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in Landsea Homes by 100.5% during the first quarter. IFP Advisors Inc now owns 4,589 shares of the company’s stock worth $30,000 after purchasing an additional 2,300 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Landsea Homes during the 4th quarter worth approximately $38,000. Byrne Asset Management LLC raised its position in Landsea Homes by 130.8% during the first quarter. Byrne Asset Management LLC now owns 7,385 shares of the company’s stock valued at $47,000 after purchasing an additional 4,185 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Landsea Homes by 823.7% during the 1st quarter. GAMMA Investing LLC now owns 8,378 shares of the company’s stock valued at $54,000 after acquiring an additional 7,471 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Landsea Homes by 100.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company’s stock worth $63,000 after purchasing an additional 3,721 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LSEA has been the subject of several research analyst reports. Barclays decreased their price target on shares of Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Wedbush reissued an “outperform” rating and set a $15.00 price target on shares of Landsea Homes in a research report on Wednesday, March 5th.

Landsea Homes Company Profile

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.