Landsea Homes Co. (NASDAQ:LSEA) Short Interest Update

Landsea Homes Co. (NASDAQ:LSEA) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,180,000 shares, a growth of 19.0% from the July 15th total of 991,800 shares. Based on an average daily volume of 185,700 shares, the short-interest ratio is currently 6.4 days. Approximately 8.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

LSEA has been the topic of several analyst reports. Wedbush upped their price objective on Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Oppenheimer upped their price target on Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Barclays increased their price objective on Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd.

Landsea Homes Stock Down 0.8 %

Shares of Landsea Homes stock opened at $11.05 on Friday. Landsea Homes has a twelve month low of $7.00 and a twelve month high of $14.91. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $10.26 and its 200 day moving average is $11.23. The company has a market cap of $399.60 million, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 0.86 and a beta of 1.11.

Landsea Homes (NASDAQ:LSEA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $431.14 million for the quarter, compared to analysts’ expectations of $336.20 million. Landsea Homes had a return on equity of 6.25% and a net margin of 1.72%. During the same period in the prior year, the firm earned $0.33 EPS. Research analysts anticipate that Landsea Homes will post 1.47 EPS for the current year.

Insider Activity

In related news, Director Bruce D. Frank sold 5,491 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $10.21, for a total value of $56,063.11. Following the sale, the director now owns 35,261 shares in the company, valued at approximately $360,014.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Landsea Homes news, Director Bruce D. Frank sold 11,671 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $9.70, for a total transaction of $113,208.70. Following the completion of the sale, the director now directly owns 40,752 shares in the company, valued at approximately $395,294.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bruce D. Frank sold 5,491 shares of Landsea Homes stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $10.21, for a total transaction of $56,063.11. Following the completion of the transaction, the director now directly owns 35,261 shares of the company’s stock, valued at $360,014.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 467,162 shares of company stock worth $4,457,772. Insiders own 51.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC bought a new position in shares of Landsea Homes in the 2nd quarter worth approximately $28,000. Byrne Asset Management LLC purchased a new stake in Landsea Homes during the second quarter valued at approximately $32,000. AJOVista LLC bought a new position in Landsea Homes in the fourth quarter worth approximately $64,000. Quarry LP purchased a new position in shares of Landsea Homes during the 4th quarter worth $90,000. Finally, Algert Global LLC boosted its stake in shares of Landsea Homes by 16.0% during the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after acquiring an additional 1,798 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

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.