Quadrature Capital Ltd Cuts Stock Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Quadrature Capital Ltd decreased its position in shares of Landsea Homes Co. (NASDAQ:LSEA) by 72.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,749 shares of the company’s stock after selling 40,444 shares during the quarter. Quadrature Capital Ltd’s holdings in Landsea Homes were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. AJOVista LLC purchased a new stake in Landsea Homes in the fourth quarter worth approximately $64,000. Quarry LP purchased a new stake in Landsea Homes in the fourth quarter worth approximately $90,000. LSV Asset Management purchased a new stake in Landsea Homes in the fourth quarter worth approximately $135,000. New York State Common Retirement Fund boosted its holdings in Landsea Homes by 3,727.9% in the fourth quarter. New York State Common Retirement Fund now owns 10,718 shares of the company’s stock worth $141,000 after purchasing an additional 10,438 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Landsea Homes by 38.8% in the fourth quarter. Ritholtz Wealth Management now owns 39,758 shares of the company’s stock worth $522,000 after purchasing an additional 11,114 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Landsea Homes Stock Performance

Shares of NASDAQ LSEA opened at $9.01 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.13 and a current ratio of 2.13. The company has a market cap of $325.98 million, a P/E ratio of 13.25, a P/E/G ratio of 0.63 and a beta of 1.10. The firm’s fifty day moving average is $10.11 and its two-hundred day moving average is $11.74. Landsea Homes Co. has a 52-week low of $7.00 and a 52-week high of $14.91.

Landsea Homes (NASDAQ:LSEA) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Landsea Homes had a return on equity of 6.17% and a net margin of 2.08%. The business had revenue of $294.04 million during the quarter, compared to analysts’ expectations of $277.30 million. During the same period in the previous year, the business earned $0.18 earnings per share. As a group, analysts anticipate that Landsea Homes Co. will post 1.47 EPS for the current fiscal year.

Insider Buying and Selling at Landsea Homes

In other Landsea Homes news, major shareholder Holdings Corp Landsea sold 4,100,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $6.00, for a total value of $24,600,000.00. Following the completion of the sale, the insider now directly owns 12,840,729 shares of the company’s stock, valued at approximately $77,044,374. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Holdings Corp Landsea sold 4,100,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $6.00, for a total value of $24,600,000.00. Following the completion of the sale, the insider now owns 12,840,729 shares in the company, valued at approximately $77,044,374. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mollie Fadule purchased 10,000 shares of Landsea Homes stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of $9.78 per share, with a total value of $97,800.00. Following the acquisition, the director now owns 71,727 shares in the company, valued at approximately $701,490.06. The disclosure for this purchase can be found here. Insiders sold a total of 4,567,162 shares of company stock valued at $29,057,772 in the last three months. Company insiders own 51.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $16.00 target price on shares of Landsea Homes in a report on Wednesday, May 1st. Barclays dropped their price target on shares of Landsea Homes from $14.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Finally, Oppenheimer began coverage on shares of Landsea Homes in a research note on Friday, May 31st. They set an “outperform” rating and a $14.00 price target on the stock.

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.