Wellington Management Group LLP Raises Stock Holdings in Landsea Homes Co. (NASDAQ:LSEA)

Wellington Management Group LLP grew its stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 52.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,058,800 shares of the company's stock after acquiring an additional 363,900 shares during the quarter. Wellington Management Group LLP owned about 2.91% of Landsea Homes worth $8,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Landsea Homes in the fourth quarter valued at $38,000. Tower Research Capital LLC TRC lifted its position in shares of Landsea Homes by 100.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock valued at $63,000 after acquiring an additional 3,721 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Landsea Homes by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,306 shares of the company's stock valued at $104,000 after acquiring an additional 1,870 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Landsea Homes by 30.5% in the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company's stock valued at $112,000 after acquiring an additional 3,080 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Landsea Homes by 104.7% in the fourth quarter. Deutsche Bank AG now owns 16,127 shares of the company's stock valued at $137,000 after acquiring an additional 8,250 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LSEA has been the subject of several analyst reports. Wedbush reiterated a "neutral" rating and issued a $11.30 target price (down from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th. Oppenheimer lowered Landsea Homes from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 13th. Finally, Barclays set a $11.00 target price on Landsea Homes and gave the company an "equal weight" rating in a research note on Tuesday, May 20th.

Landsea Homes Trading Up 0.2%

Landsea Homes stock traded up $0.02 during trading on Wednesday, hitting $11.27. The company's stock had a trading volume of 336,646 shares, compared to its average volume of 444,675. The stock has a market capitalization of $410.34 million, a price-to-earnings ratio of 15.65, a P/E/G ratio of 0.45 and a beta of 1.60. The stock's fifty day moving average is $7.72 and its 200 day moving average is $8.31. Landsea Homes Co. has a 1-year low of $5.41 and a 1-year high of $14.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81.

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.