Landsea Homes Co. (NASDAQ:LSEA) Shares Purchased by Nokomis Capital L.L.C.

Nokomis Capital L.L.C. raised its position in shares of Landsea Homes Co. (NASDAQ:LSEA) by 51.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,643,572 shares of the company’s stock after purchasing an additional 558,834 shares during the quarter. Landsea Homes comprises 5.0% of Nokomis Capital L.L.C.’s portfolio, making the stock its 4th largest holding. Nokomis Capital L.L.C. owned about 4.53% of Landsea Homes worth $13,954,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its stake in Landsea Homes by 87.0% during the third quarter. Barclays PLC now owns 209,290 shares of the company’s stock valued at $2,585,000 after buying an additional 97,391 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Landsea Homes by 30.5% in the 4th quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock valued at $112,000 after acquiring an additional 3,080 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Landsea Homes by 88.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 93,526 shares of the company’s stock valued at $794,000 after purchasing an additional 43,909 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Landsea Homes by 40.1% in the 4th quarter. Inspire Investing LLC now owns 47,176 shares of the company’s stock worth $401,000 after purchasing an additional 13,500 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Landsea Homes by 5.1% in the 4th quarter. Empowered Funds LLC now owns 193,501 shares of the company’s stock worth $1,643,000 after purchasing an additional 9,353 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LSEA has been the subject of a number of research reports. Wedbush restated a “neutral” rating and set a $11.30 target price (down from $15.00) on shares of Landsea Homes in a report on Tuesday. Barclays cut their price objective on Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th.

Landsea Homes Stock Performance

Shares of LSEA opened at $11.27 on Wednesday. The company has a 50-day moving average of $6.49 and a two-hundred day moving average of $8.27. The stock has a market cap of $410.34 million, a price-to-earnings ratio of 15.65, a PEG 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. Landsea Homes Co. has a one year low of $5.41 and a one year high of $14.04.

Landsea Homes 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.