Sei Investments Co. Has $780,000 Stock Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Sei Investments Co. reduced its holdings in Landsea Homes Co. (NASDAQ:LSEA) by 44.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 84,922 shares of the company’s stock after selling 67,579 shares during the quarter. Sei Investments Co. owned approximately 0.23% of Landsea Homes worth $780,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LSEA. Hsbc Holdings PLC increased its position in shares of Landsea Homes by 69.6% during the second quarter. Hsbc Holdings PLC now owns 17,702 shares of the company’s stock worth $159,000 after buying an additional 7,265 shares during the period. First Washington CORP grew its holdings in Landsea Homes by 2.1% during the 2nd quarter. First Washington CORP now owns 668,971 shares of the company’s stock worth $6,148,000 after acquiring an additional 13,485 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Landsea Homes by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,050,926 shares of the company’s stock worth $9,658,000 after acquiring an additional 24,157 shares in the last quarter. American Century Companies Inc. raised its position in shares of Landsea Homes by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 232,997 shares of the company’s stock worth $2,141,000 after acquiring an additional 4,494 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Landsea Homes by 4.3% in the 2nd quarter. Rhumbline Advisers now owns 20,755 shares of the company’s stock valued at $191,000 after purchasing an additional 862 shares during the period. Institutional investors own 82.99% of the company’s stock.

Landsea Homes Stock Down 0.3 %

Shares of NASDAQ LSEA opened at $11.37 on Wednesday. The business has a 50-day moving average of $11.89 and a 200-day moving average of $11.13. The firm has a market capitalization of $411.36 million, a price-to-earnings ratio of 16.72, a PEG ratio of 0.88 and a beta of 1.11. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.79. Landsea Homes Co. has a 12 month low of $7.00 and a 12 month high of $14.91.

Landsea Homes (NASDAQ:LSEA) last released its earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $431.14 million during the quarter, compared to the consensus estimate of $336.20 million. Landsea Homes had a return on equity of 6.29% and a net margin of 1.72%. During the same quarter in the previous year, the company posted $0.33 EPS. Sell-side analysts expect that Landsea Homes Co. will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Landsea Homes

In related news, Director Elias Farhat sold 60,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $12.07, for a total transaction of $724,200.00. Following the sale, the director now owns 272,685 shares of the company’s stock, valued at $3,291,307.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 51.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays boosted their price target 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. Wedbush raised their price objective on Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Oppenheimer raised their price objective on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Monday, August 5th.

Landsea Homes 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.