Sei Investments Co. Sells 67,579 Shares of Landsea Homes Co. (NASDAQ:LSEA)

Sei Investments Co. lowered its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 44.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,922 shares of the company's stock after selling 67,579 shares during the period. Sei Investments Co. owned approximately 0.23% of Landsea Homes worth $780,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Landsea Homes during the first quarter valued at approximately $2,543,000. Hood River Capital Management LLC increased its position in shares of Landsea Homes by 82.3% during the 1st quarter. Hood River Capital Management LLC now owns 482,339 shares of the company's stock valued at $7,008,000 after purchasing an additional 217,767 shares during the period. Acadian Asset Management LLC raised its stake in shares of Landsea Homes by 20.4% in the 1st quarter. Acadian Asset Management LLC now owns 701,711 shares of the company's stock worth $10,191,000 after buying an additional 118,802 shares in the last quarter. III Capital Management lifted its holdings in shares of Landsea Homes by 24.5% in the fourth quarter. III Capital Management now owns 100,921 shares of the company's stock valued at $1,326,000 after buying an additional 19,864 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Landsea Homes by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company's stock valued at $1,402,000 after buying an additional 2,077 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Landsea Homes Trading Down 1.8 %

LSEA traded down $0.21 during trading on Wednesday, reaching $11.16. The company had a trading volume of 153,297 shares, compared to its average volume of 204,372. The firm's 50-day simple moving average is $11.89 and its 200 day simple moving average is $11.13. The company has a market cap of $403.76 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 debt-to-equity ratio of 0.79, a quick ratio of 2.70 and a current ratio of 2.70. Landsea Homes Co. has a 12-month low of $7.00 and a 12-month high of $14.91.

Landsea Homes (NASDAQ:LSEA - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. The firm had revenue of $431.14 million during the quarter, compared to analyst estimates of $336.20 million. Landsea Homes had a net margin of 1.72% and a return on equity of 6.29%. During the same quarter last year, the business posted $0.33 EPS. Equities research analysts anticipate that Landsea Homes Co. will post 1.45 earnings per share for the current year.

Insider Transactions at Landsea Homes

In related news, Director Elias Farhat sold 60,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $12.07, for a total transaction of $724,200.00. Following the completion of the sale, the director now directly owns 272,685 shares in the company, valued at approximately $3,291,307.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 51.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LSEA has been the topic of several research reports. Barclays boosted their price target on shares of Landsea Homes from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, August 2nd. Wedbush boosted their target price on shares of Landsea Homes from $16.00 to $17.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Finally, Oppenheimer raised their target price on shares of Landsea Homes from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Monday, August 5th.

Landsea Homes Company 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.