Bank of New York Mellon Corp Decreases Position in Landsea Homes Co. (NASDAQ:LSEA)

Bank of New York Mellon Corp cut its holdings in Landsea Homes Co. (NASDAQ:LSEA) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,385 shares of the company’s stock after selling 8,802 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.18% of Landsea Homes worth $564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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 purchasing an additional 3,080 shares in the last quarter. Quarry LP acquired a new position in shares of Landsea Homes in the third quarter valued at approximately $44,000. State Street Corp lifted its stake in shares of Landsea Homes by 1.4% during the third quarter. State Street Corp now owns 327,961 shares of the company’s stock valued at $4,050,000 after buying an additional 4,433 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Landsea Homes by 27.4% during the third quarter. Sanctuary Advisors LLC now owns 39,548 shares of the company’s stock valued at $488,000 after buying an additional 8,496 shares during the period. Finally, Empowered Funds LLC boosted its position in Landsea Homes by 5.1% during the fourth quarter. Empowered Funds LLC now owns 193,501 shares of the company’s stock worth $1,643,000 after acquiring an additional 9,353 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wedbush reissued an “outperform” rating and set a $15.00 price target on shares of Landsea Homes in a research note on Wednesday, March 5th. Barclays reduced their target price on Landsea Homes from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd.

Landsea Homes Price Performance

Shares of LSEA opened at $6.77 on Friday. Landsea Homes Co. has a fifty-two week low of $6.54 and a fifty-two week high of $14.91. The company’s fifty day moving average is $7.77 and its two-hundred day moving average is $9.70. The firm has a market cap of $245.95 million, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78.

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.