MYDA Advisors LLC Makes New $1.01 Million Investment in Landsea Homes Co. (NASDAQ:LSEA)

MYDA Advisors LLC acquired a new position in shares of Landsea Homes Co. (NASDAQ:LSEA) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 105,903 shares of the company’s stock, valued at approximately $1,012,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in Landsea Homes during the 1st quarter worth approximately $9,353,000. BlackRock Inc. purchased a new position in Landsea Homes during the 1st quarter worth approximately $5,549,000. Zazove Associates LLC purchased a new position in Landsea Homes during the 1st quarter worth approximately $3,048,000. Boston Partners acquired a new stake in shares of Landsea Homes during the 1st quarter valued at $2,801,000. Finally, UBS Group AG acquired a new stake in shares of Landsea Homes during the 1st quarter valued at $795,000. Hedge funds and other institutional investors own 17.11% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Landsea Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, May 5th.

Shares of LSEA stock traded down $0.22 on Friday, hitting $8.95. The company’s stock had a trading volume of 2,810 shares, compared to its average volume of 133,622. Landsea Homes Co. has a fifty-two week low of $8.05 and a fifty-two week high of $11.85. The firm’s fifty day moving average price is $9.31.

In other Landsea Homes news, Director Scott A. Reed acquired 13,500 shares of Landsea Homes stock in a transaction that occurred on Tuesday, May 11th. The stock was acquired at an average price of $9.12 per share, with a total value of $123,120.00. Following the purchase, the director now owns 1,418 shares in the company, valued at $12,932.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.60% of the stock is currently owned by insiders.

About Landsea Homes

Landsea Homes Incorporated, together with its subsidiaries, engages in the acquisition, development, and building of lots, homes, and condominiums in California, Arizona, New York, and New Jersey. It operates in three segments: Arizona, California, and Metro New York. The company designs, constructions, markets, and sells suburban and urban single-family detached and attached homes.

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Institutional Ownership by Quarter for Landsea Homes (NASDAQ:LSEA)

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