Short Interest in Landsea Homes Co. (NASDAQ:LSEA) Grows By 31.1%

Landsea Homes Co. (NASDAQ:LSEA) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,010,000 shares, an increase of 31.1% from the February 28th total of 770,500 shares. Approximately 4.9% of the shares of the company are short sold. Based on an average daily volume of 348,700 shares, the short-interest ratio is currently 2.9 days.

Landsea Homes Price Performance

NASDAQ LSEA traded up $0.04 on Monday, hitting $6.42. 291,897 shares of the company were exchanged, compared to its average volume of 254,833. Landsea Homes has a 1-year low of $6.19 and a 1-year high of $14.72. The firm has a 50 day moving average of $7.73 and a two-hundred day moving average of $9.63. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $233.24 million, a P/E ratio of 8.92, a P/E/G ratio of 0.45 and a beta of 1.28.

Institutional Trading of Landsea Homes

Hedge funds have recently modified their holdings of the stock. Summit Securities Group LLC acquired a new position in Landsea Homes during the 4th quarter worth $38,000. Quarry LP bought a new stake in Landsea Homes during the 3rd quarter worth about $44,000. Tower Research Capital LLC TRC boosted its stake in shares of Landsea Homes by 100.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company’s stock valued at $63,000 after purchasing an additional 3,721 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Landsea Homes by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,306 shares of the company’s stock worth $104,000 after buying an additional 1,870 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Landsea Homes by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock worth $112,000 after buying an additional 3,080 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LSEA has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of Landsea Homes in a research note on Wednesday, March 5th. Barclays lowered their price target 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.

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.