Wellington Management Group LLP lifted its holdings in shares of Landsea Homes Co. (NASDAQ:LSEA - Free Report) by 52.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,058,800 shares of the company's stock after purchasing an additional 363,900 shares during the quarter. Wellington Management Group LLP owned about 2.92% of Landsea Homes worth $8,989,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its position in 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 buying an additional 3,080 shares during the last quarter. Quarry LP acquired a new position in shares of Landsea Homes in the 3rd quarter worth approximately $44,000. Summit Securities Group LLC purchased a new position in shares of Landsea Homes during the 4th quarter worth approximately $38,000. State Street Corp increased its holdings in Landsea Homes by 1.4% in the 3rd quarter. State Street Corp now owns 327,961 shares of the company's stock valued at $4,050,000 after purchasing an additional 4,433 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in Landsea Homes by 27.4% during the third quarter. Sanctuary Advisors LLC now owns 39,548 shares of the company's stock worth $488,000 after purchasing an additional 8,496 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
Landsea Homes Stock Up 0.4 %
Shares of NASDAQ LSEA traded up $0.03 during mid-day trading on Tuesday, hitting $5.94. The company had a trading volume of 32,166 shares, compared to its average volume of 259,122. The company has a market capitalization of $215.62 million, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.45 and a beta of 1.46. The business's 50-day simple moving average is $7.14 and its 200 day simple moving average is $9.04. 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 current ratio of 2.81 and a quick ratio of 2.81.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on LSEA. Wedbush reiterated an "outperform" rating and issued a $15.00 price objective on shares of Landsea Homes in a report on Wednesday, March 5th. Barclays dropped their target price on Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th.
Read Our Latest Stock Analysis on LSEA
About Landsea Homes
(
Free Report)
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.
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