Barclays Has Lowered Expectations for Landsea Homes (NASDAQ:LSEA) Stock Price

Landsea Homes (NASDAQ:LSEA) had its target price reduced by equities research analysts at Barclays from $7.00 to $6.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 0.50% from the stock’s current price.

Separately, Wedbush reissued an “outperform” rating and issued a $15.00 price objective on shares of Landsea Homes in a research note on Wednesday, March 5th.

Landsea Homes Stock Performance

LSEA opened at $6.03 on Tuesday. The stock has a market capitalization of $219.07 million, a price-to-earnings ratio of 8.38, a PEG ratio of 0.45 and a beta of 1.46. The company has a fifty day moving average of $7.27 and a 200 day moving average of $9.20. Landsea Homes has a fifty-two week low of $5.41 and a fifty-two week high of $14.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81.

Hedge Funds Weigh In On Landsea Homes

Several large investors have recently made changes to their positions in LSEA. Wells Fargo & Company MN grew its holdings in shares of Landsea Homes by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,306 shares of the company’s stock valued at $104,000 after purchasing an additional 1,870 shares during the period. Northern Trust Corp raised its holdings in Landsea Homes by 1.5% in the fourth quarter. Northern Trust Corp now owns 146,404 shares of the company’s stock valued at $1,243,000 after acquiring an additional 2,140 shares in the last quarter. SG Americas Securities LLC raised its holdings in Landsea Homes by 30.5% in the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock valued at $112,000 after acquiring an additional 3,080 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Landsea Homes by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 617,522 shares of the company’s stock worth $5,243,000 after purchasing an additional 3,535 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Landsea Homes during the third quarter worth approximately $44,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Landsea Homes Company 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.