Greenhaven Associates INC Increased Stake in Lennar Corporation (LEN) by $188.09 Million as Shares Declined

June 27, 2018 - By Damon Whitfield

Lennar Corporation (NYSE:LEN) Corporate LogoBig Money Sentiment increased to 2.09 in Q1 2018. It has change of 0.84, from 2017Q4’s 1.25. The ratio improved due to LEN positioning: 50 sold and 100 reduced. 92 funds amassed positions and 221 increased positions. Investors holded 207.37 million in 2017Q4 but now own 274.75 million shares or 32.49% more. D E Shaw & Incorporated stated it has 709,618 shs or 0.06% of all its holdings. Archford Strategies Ltd Liability Corp stated it has 210 shs or 0.01% of all its holdings. 2,233 were reported by Huntington Fincl Bank. Sumitomo Mitsui Asset Management Communications Limited holds 0.02% in Lennar Corporation (NYSE:LEN) or 20,189 shs. First Fincl Bank Of Mount Dora Tru Inv reported 15,262 shs or 0.41% of all its holdings. Affinity Invest Limited Liability Company owns 225,391 shs. Ftb Advsrs holds 0% or 334 shs in its capital. Capital Ww Investors reported 1.06 million shs or 0.01% of all its holdings. Fisher Asset Management Limited Liability Com accumulated 2.12M shs or 0.15% of the stock. Advisors Asset Mgmt, Colorado-based fund reported 11,971 shs. 8,622 were accumulated by Commerzbank Aktiengesellschaft Fi. Parametric Port Associates Limited Co has 672,918 shs. Stelliam Management Limited Partnership has invested 1.48% of its capital in Lennar Corporation (NYSE:LEN). Walleye Trading has invested 0% in Lennar Corporation (NYSE:LEN). Eagle Asset Management stated it has 0.24% of its capital in Lennar Corporation (NYSE:LEN).

LEN registered $22.28 million net activity with 0 buys and 16 selling transactions since January 2, 2018. 2,095 shs were sold by SONNENFELD JEFFREY, worth $131,943. BESSETTE DIANE J sold 10,000 shs worth $695,000. The insider GROSS BRUCE E sold 18,500 shs worth $1.30 million. $2.58 million worth of Lennar Corporation (NYSE:LEN) was sold by McCall Jeffrey Joseph. On Friday, April 6 BOLOTIN IRVING sold $131,565 worth of Lennar Corporation (NYSE:LEN) or 2,089 shs. SUSTANA MARK had sold 125,000 shs worth $8.69 million.

In Lennar Corporation (LEN) was upped the stake held by Edgar Wachenheim. The decrease is 59.53% according to 2018Q1 Securities and Exchange filling. By buying 3.24M shares Greenhaven Associates Inc made the stock sank with 10.19%. At the end of 2018Q1, the hedge fund run by Edgar Wachenheim held 8.69 million shares of the homebuilding company, priced at $512.23 million, up from 5.45M at the end of the previous reported quarter. $16.64B is the MC of Lennar Corporation. Ticker’s shares touched $51.6 during the last trading session after 0.02% change.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 J P Morgan Chase (Jpm) (NYSE:JPM) and also reduced its holding in Goldman Sachs (Gs) (NYSE:GS) by 114,693 shares in the quarter, for a total of 3.58 million shares.

For more Lennar Corporation (NYSE:LEN) news published briefly go to: Schaeffersresearch.com, Investorplace.com, Fool.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Dow Futures Rise on Relief Over Trump’s China Tech Plan” published on June 27, 2018, “Walgreens (WBA) Replaces General Electric (GE) in the Dow” on June 26, 2018, “Why General Electric, Puma Biotechnology, and Lennar Jumped Today” 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

Total analysts of 15 have positions in Lennar Corporation (NYSE:LEN) as follows: 13 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 87%. The firm has $99.0 highest while $60.0 is the lowest target. The average target $74.36 is 44.11% above the last ($51.6) price. Since December 29, 2017 according to StockzIntelligence Inc Lennar Corporation has 20 analyst reports. On Wednesday, March 21 the stock has “Buy” rating by Keefe Bruyette & Woods. The company rating was upgraded by Evercore on Friday, February 23. On Thursday, April 5 the rating was maintained by Credit Suisse with “Outperform”. On Tuesday, June 19 the stock has “Buy” rating by Citigroup. In Tuesday, April 10 report Deutsche Bank maintained the stock with “Hold” rating. On Tuesday, January 2 the rating was upgraded by Wells Fargo to “Outperform”. On Wednesday, February 7 the stock has “Buy” rating by Barclays Capital. On Thursday, March 1 the company was maintained by Argus Research. In Wednesday, January 3 report Wedbush maintained it with “Hold” rating and $60.0 target. On Thursday, January 18 Mizuho upgraded the shares of LEN in report to “Buy” rating.

Lennar Corporation (NYSE:LEN) Institutional Investors Chart

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