Greenhaven Associates INC Increased Lennar Corporation (LEN) Stake as Shares Declined

June 27, 2018 - By Arnold Ferreira

Lennar Corporation (NYSE:LEN) Corporate LogoBig Money Sentiment increased to 2.09 in 2018 Q1. It has change of 0.84, from 2017Q4’s 1.25. The ratio increased due to LEN positioning: 50 sold and 100 reduced. 92 funds bought positions and 221 increased positions. Investors holded 207.37 million in 2017Q4 but now own 274.75 million shares or 32.49% more. Vanguard Group Inc Inc owns 26.65M shs or 0.07% of their US capital. 9,165 were accumulated by Mariner Ltd Com. Gotham Asset Mgmt Lc invested in 4,696 shs or 0% of the stock. Japan-based Nomura Incorporated has invested 0.06% in Lennar Corporation (NYSE:LEN). Paloma Prtn invested 0.02% of its capital in Lennar Corporation (NYSE:LEN). Nomura Asset Mngmt, a Japan-based fund reported 40,720 shs. Jpmorgan Chase & owns 0.14% invested in Lennar Corporation (NYSE:LEN) for 10.77 million shs. D E Shaw has invested 0.06% of its capital in Lennar Corporation (NYSE:LEN). Natl Bank Hapoalim Bm invested 0.12% of its capital in Lennar Corporation (NYSE:LEN). The Massachusetts-based Amundi Pioneer Asset Mngmt has invested 0.02% in Lennar Corporation (NYSE:LEN). Greenwood Associate holds 0.05% or 3,559 shs in its capital. Reilly Fincl Advsrs Ltd Company has invested 0% in Lennar Corporation (NYSE:LEN). 2.45 million were reported by Balyasny Asset Management Ltd. Fukoku Mutual Life Co reported 2,600 shs. Moreover, Gator Cap Mgmt Lc has 1.2% invested in Lennar Corporation (NYSE:LEN) for 21,097 shs.

LEN had 16 insider sales and 0 insider purchases since January 2, 2018. This’s net activity of $22.28 million. GROSS BRUCE E had sold 15,000 shs worth $1.04M. BOLOTIN IRVING sold 2,089 shs worth $131,565. Shares for $157,450 were sold by GERARD STEVEN L. McCall Jeffrey Joseph sold $2.74M worth of stock. OLIVERA ARMANDO J had sold 2,500 shs worth $156,884. On Tuesday, January 16 BESSETTE DIANE J sold $695,000 worth of Lennar Corporation (NYSE:LEN) or 10,000 shs.

In Lennar Corporation (LEN) was upped the stake held by Edgar Wachenheim. The decrease is 59.53% according to 2018Q1 SEC filling. By buying 3.24M shares Greenhaven Associates Inc made the stock sank with 10.19%. The homebuilding company at the end of 2018Q1 was priced at $512.23M. It’s up from 5.45M at the end of the previous reported quarter. Now it had 8.69 million shares held by the hedge fund run by Edgar Wachenheim. $16.64B is Lennar Corporation’s MC. The stock decreased 0.02% or $0.01 during the last trading session, touching $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&P500 by 7.57%.

Greenhaven Associates Inc has cut its stake in Airbus Group Nv (Eadsy) (EADSY) and also reduced its holding in J P Morgan Chase (Jpm) (NYSE:JPM) by 188,172 shares in the quarter, for a total of 6.67M shares.

For more Lennar Corporation (NYSE:LEN) news published recently go to: Streetinsider.com, Investorplace.com, Nasdaq.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Lennar (LEN) PT Raised to $93 at BofA/Merrill Lynch” published on June 27, 2018, “Walgreens (WBA) Replaces General Electric (GE) in the Dow” 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, “Lennar Corporation (LEN) CEO Rick Beckwitt on Q2 2018 Results – Earnings Call Transcript” and the last “3 Numbers That Could Derail KB Home’s Next Earnings Report” 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”. (NYSE:LEN) has 87% bullish analysts. 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 ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Friday, December 29 the stock has “Neutral” rating by Wedbush. On Wednesday, January 17 the firm earned “Buy” rating by UBS. On Thursday, January 4 the stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Susquehanna. On Tuesday, April 10 the firm has “Hold” rating by Deutsche Bank given. On Thursday, April 5 Citigroup maintained the shares of LEN in report with “Buy” rating. On Tuesday, June 19 the firm has “Buy” rating given by Citigroup. On Friday, February 23 the stock of Lennar Corporation (NYSE:LEN) has “Outperform” rating given by Evercore. On Wednesday, May 23 the firm has “Buy” rating given by Maxim Group. On Tuesday, February 13 the stock has “Buy” rating by J.P. Morgan. On Thursday, January 18 Mizuho upgraded Lennar Corporation (NYSE:LEN) to “Buy” rating.

Lennar Corporation (NYSE:LEN) Institutional Investors Chart

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