MYDA Advisors LLC Buys Shares of 105,903 Landsea Homes Co. (NASDAQ:LSEA)

MYDA Advisors LLC bought a new stake in shares of Landsea Homes Co. (NASDAQ:LSEA) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 105,903 shares of the company’s stock, valued at approximately $1,012,000. MYDA Advisors LLC owned about 0.23% of Landsea Homes as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in shares of Landsea Homes during the 1st quarter worth $104,000. Levin Capital Strategies L.P. purchased a new position in shares of Landsea Homes during the 1st quarter worth $143,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Landsea Homes during the 1st quarter worth $247,000. UBS Group AG purchased a new position in shares of Landsea Homes during the 1st quarter worth $795,000. Finally, Boston Partners purchased a new position in shares of Landsea Homes during the 1st quarter worth $2,801,000. 17.11% of the stock is currently owned by institutional investors.

NASDAQ LSEA traded down $0.22 during trading hours on Friday, hitting $8.95. The company 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 business’s 50 day moving average is $9.31.

Separately, Zacks Investment Research downgraded Landsea Homes from a “buy” rating to a “hold” rating in a report on Wednesday, May 5th.

In related news, Director Scott A. Reed purchased 13,500 shares of the stock in a transaction that occurred on Tuesday, May 11th. The stock was purchased at an average cost of $9.12 per share, for a total transaction of $123,120.00. Following the acquisition, 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 corporate insiders.

Landsea Homes Profile

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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