Sherbrooke Park Advisers LLC Has $169,000 Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Sherbrooke Park Advisers LLC lessened its stake in shares of Landsea Homes Co. (NASDAQ:LSEA) by 54.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,948 shares of the company’s stock after selling 23,450 shares during the period. Sherbrooke Park Advisers LLC owned about 0.05% of Landsea Homes worth $169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LSEA. Summit Securities Group LLC acquired a new stake in Landsea Homes during the 4th quarter worth about $38,000. Tower Research Capital LLC TRC raised its holdings in Landsea Homes by 100.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company’s stock worth $63,000 after buying an additional 3,721 shares during the period. Wells Fargo & Company MN raised its holdings in Landsea Homes by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,306 shares of the company’s stock worth $104,000 after buying an additional 1,870 shares during the period. SG Americas Securities LLC raised its holdings in Landsea Homes by 30.5% during the 4th quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock worth $112,000 after buying an additional 3,080 shares during the period. Finally, Deutsche Bank AG raised its holdings in Landsea Homes by 104.7% during the 4th quarter. Deutsche Bank AG now owns 16,127 shares of the company’s stock worth $137,000 after buying an additional 8,250 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Landsea Homes Stock Performance

NASDAQ:LSEA opened at $11.22 on Wednesday. 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 fifty-two week low of $5.41 and a fifty-two week high of $14.04. The stock’s 50-day moving average is $6.89 and its two-hundred day moving average is $8.29. The stock has a market cap of $408.52 million, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LSEA shares. Barclays boosted their price objective on Landsea Homes from $6.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday. Oppenheimer cut Landsea Homes from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 13th. Finally, Wedbush reaffirmed a “neutral” rating and set a $11.30 target price (down previously from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th.

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.