AQR Capital Management LLC Has $3.15 Million Position in Landsea Homes Co. (NASDAQ:LSEA)

AQR Capital Management LLC reduced its stake in shares of Landsea Homes Co. (NASDAQ:LSEA) by 17.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 342,300 shares of the company’s stock after selling 72,332 shares during the quarter. AQR Capital Management LLC owned about 0.95% of Landsea Homes worth $3,146,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LSEA. III Capital Management grew its position in shares of Landsea Homes by 25.8% in the 2nd quarter. III Capital Management now owns 182,978 shares of the company’s stock valued at $1,682,000 after purchasing an additional 37,485 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Landsea Homes in the 2nd quarter valued at approximately $494,000. Aristeia Capital L.L.C. bought a new stake in Landsea Homes in the 2nd quarter valued at approximately $670,000. Hsbc Holdings PLC lifted its stake in Landsea Homes by 69.6% in the 2nd quarter. Hsbc Holdings PLC now owns 17,702 shares of the company’s stock valued at $159,000 after acquiring an additional 7,265 shares in the last quarter. Finally, First Washington CORP lifted its stake in Landsea Homes by 2.1% in the 2nd quarter. First Washington CORP now owns 668,971 shares of the company’s stock valued at $6,148,000 after acquiring an additional 13,485 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on LSEA. Barclays boosted their target price on Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Oppenheimer upped their price objective on Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Wedbush upped their price objective on Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd.

Insider Buying and Selling at Landsea Homes

In other Landsea Homes news, Director Elias Farhat sold 60,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $12.07, for a total value of $724,200.00. Following the transaction, the director now directly owns 272,685 shares of the company’s stock, valued at $3,291,307.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 51.00% of the company’s stock.

Landsea Homes Stock Down 2.6 %

LSEA stock opened at $11.40 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $412.44 million, a PE ratio of 16.76, a PEG ratio of 0.88 and a beta of 1.11. Landsea Homes Co. has a 1-year low of $7.00 and a 1-year high of $14.91. The business’s 50 day simple moving average is $11.91 and its 200 day simple moving average is $11.15.

Landsea Homes (NASDAQ:LSEA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Landsea Homes had a return on equity of 6.29% and a net margin of 1.72%. The firm had revenue of $431.14 million for the quarter, compared to analyst estimates of $336.20 million. During the same period in the prior year, the firm posted $0.33 EPS. As a group, research analysts anticipate that Landsea Homes Co. will post 1.45 EPS for the current year.

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.