Sei Investments Co. Increases Position in Landsea Homes Co. (NASDAQ:LSEA)

Sei Investments Co. boosted its stake in shares of Landsea Homes Co. (NASDAQ:LSEA) by 78.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 291,409 shares of the company’s stock after acquiring an additional 128,159 shares during the period. Sei Investments Co. owned about 0.80% of Landsea Homes worth $2,474,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of LSEA. Wellington Management Group LLP boosted its stake in Landsea Homes by 20.8% during the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock worth $8,582,000 after buying an additional 119,500 shares during the last quarter. Geode Capital Management LLC grew its position in Landsea Homes by 13.1% in the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock worth $5,328,000 after acquiring an additional 49,830 shares during the period. Peregrine Capital Management LLC acquired a new stake in Landsea Homes during the fourth quarter worth $2,890,000. State Street Corp raised its position in Landsea Homes by 1.4% in the third quarter. State Street Corp now owns 327,961 shares of the company’s stock valued at $4,050,000 after purchasing an additional 4,433 shares during the period. Finally, Barclays PLC lifted its position in Landsea Homes by 87.0% in the third quarter. Barclays PLC now owns 209,290 shares of the company’s stock valued at $2,585,000 after buying an additional 97,391 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Landsea Homes Trading Up 8.3 %

Shares of Landsea Homes stock opened at $6.25 on Friday. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The company’s 50-day simple moving average is $7.53 and its 200-day simple moving average is $9.46. Landsea Homes Co. has a 52-week low of $5.62 and a 52-week high of $14.04. The firm has a market cap of $227.06 million, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28.

Wall Street Analysts Forecast Growth

LSEA has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $15.00 target price on shares of Landsea Homes in a research report on Wednesday, March 5th. Barclays cut their price objective on Landsea Homes from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd.

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.