Lennar Co. (NYSE:LEN) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP raised its stake in Lennar Co. (NYSE:LEN) by 404.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,167 shares of the construction company’s stock after acquiring an additional 23,385 shares during the quarter. GSA Capital Partners LLP’s holdings in Lennar were worth $1,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in Lennar by 0.8% in the second quarter. CIBC Asset Management Inc now owns 27,596 shares of the construction company’s stock valued at $1,337,000 after purchasing an additional 222 shares during the last quarter. Bank Hapoalim BM increased its stake in Lennar by 2.3% in the first quarter. Bank Hapoalim BM now owns 10,950 shares of the construction company’s stock valued at $538,000 after purchasing an additional 250 shares during the last quarter. Securian Asset Management Inc increased its stake in Lennar by 0.9% in the second quarter. Securian Asset Management Inc now owns 29,330 shares of the construction company’s stock valued at $1,421,000 after purchasing an additional 264 shares during the last quarter. Cerebellum GP LLC increased its stake in Lennar by 4.4% in the first quarter. Cerebellum GP LLC now owns 6,572 shares of the construction company’s stock valued at $323,000 after purchasing an additional 278 shares during the last quarter. Finally, Hartford Investment Management Co. increased its stake in Lennar by 1.1% in the second quarter. Hartford Investment Management Co. now owns 31,177 shares of the construction company’s stock valued at $1,511,000 after purchasing an additional 328 shares during the last quarter. 86.05% of the stock is owned by institutional investors.

In other news, President Jonathan M. Jaffe sold 20,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $49.04, for a total value of $980,800.00. Following the completion of the sale, the president now owns 346,946 shares of the company’s stock, valued at $17,014,231.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.43% of the stock is owned by corporate insiders.

NYSE:LEN traded down $0.79 on Friday, hitting $51.21. 3,045,794 shares of the stock were exchanged, compared to its average volume of 3,540,257. The stock has a market cap of $16.75 billion, a PE ratio of 8.06, a PEG ratio of 1.14 and a beta of 1.14. The company has a current ratio of 13.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $48.40 and a 200-day moving average of $49.76. Lennar Co. has a fifty-two week low of $37.29 and a fifty-two week high of $54.50.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Tuesday, June 25th. The construction company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.17. The company had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.13 billion. Lennar had a return on equity of 12.03% and a net margin of 8.86%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. As a group, analysts predict that Lennar Co. will post 5.31 earnings per share for the current year.

Several equities analysts recently commented on LEN shares. Zacks Investment Research lowered Lennar from a “hold” rating to a “sell” rating and set a $53.00 target price for the company. in a research note on Thursday, May 30th. Wedbush set a $62.00 target price on Lennar and gave the company a “buy” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. dropped their target price on Lennar from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, June 26th. ValuEngine lowered Lennar from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Seaport Global Securities started coverage on Lennar in a research note on Friday. They issued a “buy” rating and a $71.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Lennar has a consensus rating of “Buy” and an average price target of $57.10.

Lennar Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Lennar Financial Services, Lennar Multifamily, and Rialto segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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