Greenhaven Associates INC Stake In Lennar Corporation (LEN) Was Increased

June 27, 2018 - By Ronnie Lemelle

Lennar Corporation (NYSE:LEN) Corporate LogoDuring 2018 Q1 the big money sentiment increased to 2.09. That’s change of 0.84, from 2017Q4’s 1.25. 50 investors sold all, 100 reduced holdings as LEN ratio is positive. 221 increased stakes while 92 funds acquired stakes. Funds hold 274.75 million shares thus 32.49% more from 2017Q4’s 207.37 million shares. Ontario Teachers Pension Plan Board has 0% invested in Lennar Corporation (NYSE:LEN). Bluefin Trading has invested 0.84% of its capital in Lennar Corporation (NYSE:LEN). 1,802 are owned by Whittier Com. Manchester Capital Mgmt Llc, Vermont-based fund reported 729 shs. Cna Corporation holds 50,000 shs or 0.63% of its capital. Fifth Third Bank accumulated 3,525 shs or 0% of the stock. Nomura Hldgs has invested 0.06% in Lennar Corporation (NYSE:LEN). Palisade Cap Mngmt Ltd Liability Co Nj reported 57,431 shs. Great Lakes Advisors Ltd accumulated 26,208 shs or 0.04% of the stock. Rafferty Asset Llc stated it has 89,826 shs. Rech Global Investors owns 100,000 shs. Financial Bank Hapoalim Bm reported 0.12% stake. Putnam Invs Ltd Liability reported 0.04% stake. Suntrust Banks holds 0.01% or 18,558 shs. Etrade Lc has 0.02% invested in Lennar Corporation (NYSE:LEN).

LEN had 16 selling transactions and 0 buys since January 2, 2018. This’s net activity of $22.28 million. $2.74M worth of Lennar Corporation (NYSE:LEN) shs were sold by McCall Jeffrey Joseph. 18,500 shs were sold by GROSS BRUCE E, worth $1.30M. SONNENFELD JEFFREY sold $131,943 worth of stock. BESSETTE DIANE J also sold $695,000 worth of Lennar Corporation (NYSE:LEN) on Tuesday, January 16. The insider JAFFE JONATHAN M sold 20,000 shs worth $1.28 million. 5,000 shs were sold by Collins David M, worth $355,750.

According to 2018Q1 SEC form the Edgar Wachenheim increased its stake in Lennar Corporation (LEN) by 59.53%. The company’s stock declined 10.19% with the market as Greenhaven Associates Inc bought 3.24M shares. The hedge fund run by Edgar Wachenheim is holding 8.69M shares, compared to the 5.45M from the previous quarter. And the reported value of the homebuilding company is $512.23 million for the 2018Q1. $16.64 billion is the market cap of Lennar Corporation. The stock decreased 0.02% or $0.01 during the last trading session, hitting $51.6.Currently Lennar Corporation is uptrending after 5.00% change in last June 27, 2017. LEN has also 1.28 million shares volume. The stock underperformed the S&P 500 by 7.57%.

Greenhaven Associates Inc has cut its stake in Goldman Sachs (Gs) (NYSE:GS) and also reduced its holding in J P Morgan Chase (Jpm) (NYSE:JPM) by 188,172 shares in the quarter, for a total of 6.67 million shares.

For more Lennar Corporation (NYSE:LEN) news brought out recently go to: Investorplace.com, Fool.com, Nasdaq.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Walgreens (WBA) Replaces General Electric (GE) in the Dow” brought out on June 26, 2018, “Why General Electric, Puma Biotechnology, and Lennar Jumped Today” on June 26, 2018, “Mid-Afternoon Market Update: Dow Up Over 100 Points; Achieve Life Sciences Shares Spike Higher” with a publish date: June 26, 2018, “3 Numbers That Could Derail KB Home’s Next Earnings Report” and the last “Lennar Corporation (LEN) CEO Rick Beckwitt on Q2 2018 Results – Earnings Call Transcript” with publication date: June 26, 2018.

Lennar Corporation (NYSE:LEN) Ratings Coverage

In total 15 analysts cover Lennar Corporation (NYSE:LEN). “Buy” rating has 13, “Sell” are 0, while 2 are “Hold”. 87% are bullish. With $99.0 highest and $60.0 lowest target price Lennar Corporation has $74.36 average target price or 44.11% above the current ($51.6) price. 20 are the (NYSE:LEN)’s analyst reports since December 29, 2017 according to StockzIntelligence Inc. On Thursday, April 5 the company was maintained by Credit Suisse. In Monday, January 22 report Credit Suisse upgraded the stock to “Buy” rating. In Friday, February 23 report Evercore upgraded the stock to “Outperform” rating. On Thursday, January 4 the stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Susquehanna. On Wednesday, May 23 the stock has “Buy” rating by Maxim Group. The company rating was maintained by Keefe Bruyette & Woods on Wednesday, January 10. On Tuesday, January 2 the firm has “Outperform” rating by Wells Fargo given. On Thursday, March 1 the rating was maintained by Argus Research with “Buy”. The company rating was upgraded by JP Morgan on Tuesday, February 13. On Thursday, April 5 Citigroup maintained Lennar Corporation (NYSE:LEN) with “Buy” rating.

Lennar Corporation (NYSE:LEN) Institutional Investors Chart

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