New York State Common Retirement Fund Purchases New Stake in Landsea Homes Co. (NASDAQ:LSEA)

New York State Common Retirement Fund purchased a new stake in Landsea Homes Co. (NASDAQ:LSEA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,400 shares of the company’s stock, valued at approximately $104,000.

A number of other large investors also recently modified their holdings of the business. No Street GP LP bought a new position in Landsea Homes during the 1st quarter valued at $10,516,000. Squarepoint Ops LLC bought a new position in Landsea Homes during the 1st quarter valued at $104,000. Morgan Stanley bought a new position in Landsea Homes during the 1st quarter valued at $26,000. Citadel Advisors LLC bought a new position in Landsea Homes during the 1st quarter valued at $513,000. Finally, Black Maple Capital Management LP bought a new position in Landsea Homes during the 1st quarter valued at $3,098,000. Institutional investors and hedge funds own 16.28% of the company’s stock.

Separately, Zacks Investment Research cut Landsea Homes from a “buy” rating to a “hold” rating in a research note on Thursday, July 8th.

NASDAQ LSEA opened at $8.76 on Wednesday. Landsea Homes Co. has a one year low of $7.68 and a one year high of $11.15. The business’s fifty day moving average is $8.60 and its 200-day moving average is $8.91.

Landsea Homes (NASDAQ:LSEA) last released its earnings results on Thursday, August 5th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.26. The business had revenue of $250.27 million for the quarter, compared to the consensus estimate of $187.80 million. As a group, sell-side analysts forecast that Landsea Homes Co. will post 1.3 EPS for the current fiscal year.

About Landsea Homes

Landsea Homes Corp. provides building construction services. The company is headquartered in New York, NY.

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Institutional Ownership by Quarter for Landsea Homes (NASDAQ:LSEA)

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