Empowered Funds LLC Increases Stock Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Empowered Funds LLC boosted its position in Landsea Homes Co. (NASDAQ:LSEA) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 184,148 shares of the company’s stock after purchasing an additional 9,380 shares during the period. Empowered Funds LLC owned about 0.51% of Landsea Homes worth $2,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LSEA. Hood River Capital Management LLC boosted its position in Landsea Homes by 82.3% in the first quarter. Hood River Capital Management LLC now owns 482,339 shares of the company’s stock worth $7,008,000 after purchasing an additional 217,767 shares during the last quarter. Aristeia Capital L.L.C. bought a new position in shares of Landsea Homes in the second quarter worth about $670,000. Cubist Systematic Strategies LLC bought a new position in shares of Landsea Homes in the second quarter worth about $494,000. III Capital Management raised its stake in shares of Landsea Homes by 25.8% in the second quarter. III Capital Management now owns 182,978 shares of the company’s stock worth $1,682,000 after buying an additional 37,485 shares during the period. Finally, Inspire Investing LLC bought a new position in shares of Landsea Homes in the third quarter worth about $416,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LSEA has been the topic of several recent research reports. Barclays raised their price objective on Landsea Homes from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. B. Riley reaffirmed a “buy” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Landsea Homes in a research note on Tuesday, November 5th. Oppenheimer lifted their target price on Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Wedbush lifted their target price on Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.

Landsea Homes Stock Up 1.5 %

Shares of LSEA opened at $10.75 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a 12-month low of $8.28 and a 12-month high of $14.91. The business’s 50 day moving average is $11.68 and its 200 day moving average is $10.92. The company has a market capitalization of $390.04 million, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13.

Insider Transactions at Landsea Homes

In other news, Director Elias Farhat sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $12.07, for a total transaction of $724,200.00. Following the sale, the director now directly owns 272,685 shares of the company’s stock, valued at $3,291,307.95. This represents a 18.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Hartfield sold 6,986 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $11.15, for a total value of $77,893.90. Following the sale, the director now directly owns 67,181 shares in the company, valued at $749,068.15. This trade represents a 9.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 51.00% of the company’s stock.

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.