American Century Companies Inc. Buys 4,494 Shares of Landsea Homes Co. (NASDAQ:LSEA)

American Century Companies Inc. raised its stake in Landsea Homes Co. (NASDAQ:LSEA) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 232,997 shares of the company’s stock after acquiring an additional 4,494 shares during the period. American Century Companies Inc. owned approximately 0.64% of Landsea Homes worth $2,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Corient Private Wealth LLC purchased a new position in shares of Landsea Homes during the 4th quarter worth about $916,000. Mill Road Capital Management LLC grew its position in Landsea Homes by 123.2% during the 4th quarter. Mill Road Capital Management LLC now owns 388,224 shares of the company’s stock worth $5,101,000 after purchasing an additional 214,250 shares during the last quarter. III Capital Management grew its position in Landsea Homes by 24.5% during the 4th quarter. III Capital Management now owns 100,921 shares of the company’s stock worth $1,326,000 after purchasing an additional 19,864 shares during the last quarter. Quarry LP purchased a new stake in Landsea Homes during the 4th quarter worth approximately $90,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Landsea Homes during the 1st quarter worth approximately $2,543,000. 82.99% of the stock is currently owned by institutional investors.

Landsea Homes Price Performance

Landsea Homes stock opened at $12.43 on Friday. Landsea Homes Co. has a 12-month low of $7.00 and a 12-month high of $14.91. The stock has a market cap of $450.96 million, a P/E ratio of 18.28, a PEG ratio of 0.88 and a beta of 1.11. The company has a 50-day moving average price of $11.89 and a 200 day moving average price of $11.19. 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 (NASDAQ:LSEA) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. Landsea Homes had a net margin of 1.72% and a return on equity of 6.29%. The firm had revenue of $431.14 million during the quarter, compared to analysts’ expectations of $336.20 million. During the same period last year, the business earned $0.33 earnings per share. Sell-side analysts anticipate that Landsea Homes Co. will post 1.45 earnings per share for the current year.

Insider Buying and Selling

In other Landsea Homes news, Director Elias Farhat sold 60,000 shares of the 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 completion of the transaction, the director now owns 272,685 shares of the company’s stock, valued at $3,291,307.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. 51.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays upped their price objective on shares of Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Wedbush upped their price objective on shares of Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Oppenheimer upped their price objective on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, August 5th.

About Landsea Homes

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.