Aristeia Capital L.L.C. Invests $670,000 in Landsea Homes Co. (NASDAQ:LSEA)

Aristeia Capital L.L.C. acquired a new stake in shares of Landsea Homes Co. (NASDAQ:LSEA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,948 shares of the company’s stock, valued at approximately $670,000. Aristeia Capital L.L.C. owned 0.20% of Landsea Homes as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC purchased a new stake in Landsea Homes during the second quarter valued at $28,000. Byrne Asset Management LLC purchased a new position in shares of Landsea Homes in the second quarter worth approximately $32,000. Quarry LP bought a new stake in Landsea Homes during the fourth quarter valued at approximately $90,000. Cornerstone Investment Partners LLC purchased a new stake in Landsea Homes during the first quarter valued at approximately $189,000. Finally, Hsbc Holdings PLC raised its position in Landsea Homes by 69.6% in the second quarter. Hsbc Holdings PLC now owns 17,702 shares of the company’s stock worth $159,000 after acquiring an additional 7,265 shares during the period. Institutional investors own 82.99% of the company’s stock.

Landsea Homes Stock Down 2.6 %

LSEA opened at $12.76 on Tuesday. Landsea Homes Co. has a fifty-two week low of $7.00 and a fifty-two week high of $14.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.70 and a current ratio of 2.70. The stock has a market cap of $461.64 million, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 0.80 and a beta of 1.11. The firm’s fifty day moving average is $11.78 and its 200 day moving average is $11.20.

Landsea Homes (NASDAQ:LSEA) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $431.14 million during the quarter, compared to analyst estimates of $336.20 million. Landsea Homes had a return on equity of 6.29% and a net margin of 1.72%. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, sell-side analysts forecast that Landsea Homes Co. will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Landsea Homes

In related news, Director Elias Farhat sold 60,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $12.07, for a total transaction of $724,200.00. Following the completion of the transaction, the director now owns 272,685 shares in the company, valued at $3,291,307.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 51.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Wedbush raised their price objective on Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Oppenheimer lifted their price objective on Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, August 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.