Janney Montgomery Scott LLC Acquires 43,909 Shares of Landsea Homes Co. (NASDAQ:LSEA)

Janney Montgomery Scott LLC increased its holdings in Landsea Homes Co. (NASDAQ:LSEA) by 88.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,526 shares of the company’s stock after buying an additional 43,909 shares during the period. Janney Montgomery Scott LLC owned about 0.26% of Landsea Homes worth $794,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Landsea Homes by 87.0% in the 3rd quarter. Barclays PLC now owns 209,290 shares of the company’s stock valued at $2,585,000 after acquiring an additional 97,391 shares during the period. Wellington Management Group LLP grew its stake in Landsea Homes by 20.8% in the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock valued at $8,582,000 after purchasing an additional 119,500 shares during the last quarter. Algert Global LLC raised its holdings in Landsea Homes by 16.0% in the second quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after purchasing an additional 1,798 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Landsea Homes during the second quarter valued at about $494,000. Finally, Mill Road Capital Management LLC boosted its holdings in shares of Landsea Homes by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock valued at $11,274,000 after buying an additional 140,786 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Landsea Homes Stock Performance

Shares of Landsea Homes stock opened at $8.23 on Friday. The company has a 50 day moving average price of $8.92 and a 200 day moving average price of $10.68. The firm has a market capitalization of $298.58 million, a P/E ratio of 11.43, a PEG ratio of 0.41 and a beta of 1.19. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a 52 week low of $7.58 and a 52 week high of $14.91.

Insiders Place Their Bets

In related news, Director Thomas Hartfield sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $10.62, for a total value of $53,100.00. Following the transaction, the director now owns 59,181 shares in the company, valued at approximately $628,502.22. This represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ming Tian sold 2,521,740 shares of Landsea Homes stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the sale, the director now owns 6,543,411 shares of the company’s stock, valued at approximately $67,069,962.75. The trade was a 27.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,091,957 shares of company stock valued at $62,444,409. Insiders own 51.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. B. Riley reiterated a “buy” rating and set a $18.00 price objective (up previously from $17.00) on shares of Landsea Homes in a research note on Tuesday, November 5th. Barclays reduced their price target on Landsea Homes from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th.

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.