Wellington Management Group LLP Acquires 363,900 Shares of Landsea Homes Co. (NASDAQ:LSEA)

Wellington Management Group LLP boosted its stake in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 52.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LSEA. Mill Road Capital Management LLC increased its stake in Landsea Homes by 99.2% during the fourth quarter. Mill Road Capital Management LLC now owns 1,818,281 shares of the company's stock worth $15,437,000 after acquiring an additional 905,424 shares during the last quarter. Heartland Advisors Inc. bought a new stake in Landsea Homes during the fourth quarter worth approximately $7,252,000. Nokomis Capital L.L.C. increased its stake in Landsea Homes by 51.5% during the fourth quarter. Nokomis Capital L.L.C. now owns 1,643,572 shares of the company's stock worth $13,954,000 after acquiring an additional 558,834 shares during the last quarter. Voss Capital LP increased its stake in Landsea Homes by 72.6% during the fourth quarter. Voss Capital LP now owns 1,320,153 shares of the company's stock worth $11,208,000 after acquiring an additional 555,153 shares during the last quarter. Finally, B. Riley Financial Inc. bought a new stake in Landsea Homes during the fourth quarter worth approximately $4,246,000. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LSEA. Oppenheimer cut Landsea Homes from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 13th. Barclays set a $11.00 price objective on Landsea Homes and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Finally, Wedbush reaffirmed a "neutral" rating and set a $11.30 target price (down previously from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th.

Landsea Homes Trading Down 0.1%

Shares of LSEA traded down $0.01 during mid-day trading on Friday, reaching $11.26. 300,207 shares of the company's stock traded hands, compared to its average volume of 447,692. The stock has a market cap of $409.98 million, a P/E ratio of 15.64, a P/E/G ratio of 0.45 and a beta of 1.91. The stock's 50-day moving average is $8.02 and its two-hundred day moving average is $8.34. Landsea Homes Co. has a 12 month low of $5.41 and a 12 month high of $14.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81.

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.