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

Wellington Management Group LLP increased its stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 694,900 shares of the company's stock after acquiring an additional 119,500 shares during the period. Wellington Management Group LLP owned approximately 1.92% of Landsea Homes worth $8,582,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Landsea Homes by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,050,926 shares of the company's stock valued at $9,658,000 after purchasing an additional 24,157 shares during the last quarter. Mill Road Capital Management LLC raised its position in shares of Landsea Homes by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company's stock worth $11,274,000 after buying an additional 140,786 shares during the period. First Washington CORP boosted its holdings in Landsea Homes by 2.1% in the second quarter. First Washington CORP now owns 668,971 shares of the company's stock valued at $6,148,000 after acquiring an additional 13,485 shares during the last quarter. State Street Corp grew its position in Landsea Homes by 1.4% during the third quarter. State Street Corp now owns 327,961 shares of the company's stock valued at $4,050,000 after acquiring an additional 4,433 shares during the period. Finally, American Century Companies Inc. increased its stake in Landsea Homes by 2.0% during the second quarter. American Century Companies Inc. now owns 232,997 shares of the company's stock worth $2,141,000 after acquiring an additional 4,494 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Landsea Homes

In other Landsea Homes news, major shareholder Huaijun Chen sold 3,565,217 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $10.25, for a total value of $36,543,474.25. Following the completion of the sale, the insider now owns 534,783 shares of the company's stock, valued at $5,481,525.75. This trade represents a 86.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ming Tian sold 2,521,740 shares of Landsea Homes stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the sale, the director now owns 6,543,411 shares in the company, valued at $67,069,962.75. This represents a 27.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,098,943 shares of company stock valued at $62,522,303 over the last three months. 51.00% of the stock is owned by company insiders.

Landsea Homes Trading Down 2.9 %

Shares of LSEA stock traded down $0.29 during mid-day trading on Monday, reaching $9.58. The company's stock had a trading volume of 357,302 shares, compared to its average volume of 218,336. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $347.59 million, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.74 and a beta of 1.15. The company's 50 day simple moving average is $11.09 and its 200-day simple moving average is $11.01. Landsea Homes Co. has a 12-month low of $8.28 and a 12-month high of $14.91.

Analyst Upgrades and Downgrades

Separately, B. Riley reaffirmed a "buy" rating and issued a $18.00 price objective (up from $17.00) on shares of Landsea Homes in a research note on Tuesday, November 5th.

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.