Ritholtz Wealth Management reduced its holdings in Landsea Homes Co. (NASDAQ:LSEA – Free Report) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,584 shares of the company’s stock after selling 2,027 shares during the quarter. Ritholtz Wealth Management’s holdings in Landsea Homes were worth $155,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Landsea Homes in the fourth quarter valued at about $56,000. Coombe Bender & Co LLC raised its stake in shares of Landsea Homes by 33.1% in the first quarter. Coombe Bender & Co LLC now owns 92,405 shares of the company’s stock worth $560,000 after acquiring an additional 22,995 shares during the last quarter. Barclays PLC lifted its position in shares of Landsea Homes by 12.3% during the fourth quarter. Barclays PLC now owns 19,456 shares of the company’s stock worth $101,000 after purchasing an additional 2,137 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of Landsea Homes during the second quarter valued at approximately $96,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Landsea Homes in the first quarter valued at approximately $94,000. 13.83% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Landsea Homes
In other news, Director Elias Farhat sold 4,992 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $12.19, for a total value of $60,852.48. Following the completion of the transaction, the director now owns 369,520 shares in the company, valued at approximately $4,504,448.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 66.90% of the company’s stock.
Landsea Homes Stock Performance
Landsea Homes (NASDAQ:LSEA – Get Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $293.24 million for the quarter, compared to the consensus estimate of $251.41 million. Landsea Homes had a net margin of 4.14% and a return on equity of 11.48%. On average, research analysts predict that Landsea Homes Co. will post 1.07 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on LSEA shares. Barclays upped their price objective on Landsea Homes from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. B. Riley raised their target price on shares of Landsea Homes from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Wedbush reissued an “outperform” rating and set a $16.00 price objective on shares of Landsea Homes in a research report on Tuesday, August 1st.
Get Our Latest Stock Analysis on LSEA
Landsea Homes Company Profile
Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas and throughout California in Silicon Valley, Los Angeles and Orange County.
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