Zazove Associates LLC recently announced the acquisition of new stake in Landsea Homes Corporation (NASDAQ:LSEA). The institutional investor has increased its shareholding in the Real Estate company by 1.23% to 0.32 million shares with purchase of 3917.0 shares. This fresh investment now brings its stake to 0.79% valued currently at $1.68 million. In addition, Bridgeway Capital Management LLC raised its holdings by 0.12 million to 0.14 million shares.
With over 74020.0 Landsea Homes Corporation (LSEA) shares trading Tuesday and a closing price of $6.14 on the day, the dollar volume was approximately $0.45 million. The shares have shown a negative half year performance of -12.54% and its price on 01/24/23 lost nearly -3.00%. Currently, there are 39.94M common shares owned by the public and among those 14.36M shares have been available to trade.
Insiders at the company have transacted a total of 38 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 365,597 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 9,334,592 shares.
The top 3 mutual fund holders in Landsea Homes Corporation are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 0.31 million shares of the company’s stock, all valued at over $1.62 million. iShares Russell 2000 ETF sold 2440.0 shares to see its total holdings shrink to 0.23 million shares valued at over $1.22 million and representing 0.57% of the shares outstanding. Vanguard Extended Market Index Fu sold 713.0 shares to bring its total holdings to over 0.19 million shares at a value of $0.97 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.46% of the shares outstanding.
Shares of Landsea Homes Corporation (NASDAQ: LSEA) opened at $6.34, up $0.01 from a prior closing price of $6.33. However, the script later moved the day high at 6.68, down -3.00%. The company’s stock has a 5-day price change of -4.36% and 28.99% over the past three months. LSEA shares are trading 17.85% year to date (YTD), with the 12-month market performance down to -21.58% lower. It has a 12-month low price of $4.48 and touched a high of $9.21 over the same period. LSEA has an average intraday trading volume of 48.68K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.44%, 9.73%, and -4.49% respectively.
Institutional ownership of Landsea Homes Corporation (NASDAQ: LSEA) shares accounts for 13.30% of the company’s 39.94M shares outstanding. Mutual fund holders own 7.07%, while other institutional holders and individual stakeholders account for 8.45% and 4.27% respectively.
It has a market capitalization of $251.80M and a beta (3y monthly) value of 0.56. The stock’s trailing 12-month PE ratio is 3.14, while the earnings-per-share (ttm) stands at $1.96. The company has a PEG of 0.06 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.62% over the week and 6.42% over the month.
Analysts forecast that Landsea Homes Corporation (LSEA) will achieve an EPS of $0.5 for the current quarter, $0.55 for the next quarter and $1.66 for 2023. The lowest estimate earnings-per-share for the quarter is $0.5 while analysts give the company a high EPS estimate of $0.5. Comparatively, EPS for the current quarter was $0.18 a year ago. Earnings per share for the fiscal year are expected to increase by 155.70%, and -59.55% over the next financial year.
Barclays coverage for the Landsea Homes Corporation (LSEA) stock in a research note released on February 05, 2021 offered a Equal Weight rating with a price target of $11.