Landsea Homes Co. (NASDAQ:LSEA) Shares Purchased by Sei Investments Co.

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

A number of other hedge funds also recently modified their holdings of the company. Quarry LP bought a new stake in Landsea Homes during the 3rd quarter worth about $44,000. SG Americas Securities LLC raised its position in Landsea Homes by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company's stock worth $112,000 after acquiring an additional 3,080 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Landsea Homes in the third quarter valued at about $167,000. Centiva Capital LP acquired a new position in Landsea Homes in the 3rd quarter valued at $170,000. Finally, XTX Topco Ltd bought a new position in Landsea Homes during the 3rd quarter worth $268,000. Institutional investors own 82.99% of the company's stock.

Landsea Homes Price Performance

Landsea Homes stock traded up $0.39 during mid-day trading on Wednesday, hitting $6.03. The stock had a trading volume of 438,787 shares, compared to its average volume of 259,745. The firm has a market capitalization of $219.07 million, a P/E ratio of 8.38, a P/E/G ratio of 0.45 and a beta of 1.46. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes Co. has a one year low of $5.46 and a one year high of $14.04. The firm's 50 day moving average is $7.27 and its 200 day moving average is $9.20.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays dropped their target price on Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating for the company in a research report on Tuesday. Wedbush restated an "outperform" rating and set a $15.00 price target on shares of Landsea Homes in a report on Wednesday, March 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.