Landsea Homes (NASDAQ:LSEA) Price Target Raised to $11.00 at Barclays

Landsea Homes (NASDAQ:LSEA) had its target price hoisted by Barclays from $6.00 to $11.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

LSEA has been the topic of several other research reports. Oppenheimer downgraded Landsea Homes from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 13th. Wedbush reissued a “neutral” rating and issued a $11.30 target price (down previously from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th.

Landsea Homes Stock Performance

LSEA opened at $11.22 on Tuesday. The stock has a 50-day moving average of $6.89 and a 200 day moving average of $8.29. 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 has a 12 month low of $5.41 and a 12 month high of $14.04. The firm has a market cap of $408.52 million, a P/E ratio of 15.58, a P/E/G ratio of 0.45 and a beta of 1.60.

Hedge Funds Weigh In On Landsea Homes

A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in Landsea Homes by 17.9% during the fourth 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. Northern Trust Corp increased its stake in Landsea Homes by 1.5% during the 4th quarter. Northern Trust Corp now owns 146,404 shares of the company’s stock valued at $1,243,000 after purchasing an additional 2,140 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Landsea Homes by 100.5% in the first quarter. IFP Advisors Inc now owns 4,589 shares of the company’s stock worth $30,000 after buying an additional 2,300 shares during the last quarter. SG Americas Securities LLC lifted 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 period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Landsea Homes by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 617,522 shares of the company’s stock valued at $5,243,000 after buying an additional 3,535 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

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.