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

Wellington Management Group LLP increased its holdings in Landsea Homes Co. (NASDAQ:LSEA) by 52.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,058,800 shares of the company’s stock after buying an additional 363,900 shares during the period. Wellington Management Group LLP owned 2.92% 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 the business. Heartland Advisors Inc. bought a new stake in shares of Landsea Homes during the 4th quarter valued at about $7,252,000. Geode Capital Management LLC raised its stake in Landsea Homes by 13.1% in the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock valued at $5,328,000 after purchasing an additional 49,830 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in Landsea Homes during the fourth quarter valued at approximately $2,890,000. State Street Corp grew its stake in Landsea Homes by 1.4% in the 3rd quarter. State Street Corp now owns 327,961 shares of the company’s stock worth $4,050,000 after buying an additional 4,433 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Landsea Homes by 78.5% in the 4th quarter. Sei Investments Co. now owns 291,409 shares of the company’s stock worth $2,474,000 after buying an additional 128,159 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

LSEA has been the subject of a number of research analyst reports. Barclays dropped their price objective on shares of Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $15.00 price target on shares of Landsea Homes in a research note on Wednesday, March 5th.

Landsea Homes Price Performance

Shares of Landsea Homes stock opened at $6.03 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. Landsea Homes Co. has a 52-week low of $5.41 and a 52-week high of $14.04. The company has a fifty day moving average of $7.27 and a 200-day moving average of $9.20. The stock has a market capitalization of $219.07 million, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 0.45 and a beta of 1.46.

Landsea Homes 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.