Investors sentiment decreased to 0.91 in 2019 Q2. Its down 0.33, from 1.24 in 2019Q1. It is negative, as 58 investors sold LEN shares while 166 reduced holdings. 70 funds opened positions while 133 raised stakes. 261.79 million shares or 0.39% less from 262.81 million shares in 2019Q1 were reported. Advisor Partners Limited reported 5,616 shares stake. Gideon Cap Advsr accumulated 7,130 shares. Bridgewater Limited Partnership invested in 0.05% or 135,271 shares. Edgemoor Inv Advisors Inc has invested 1.84% of its portfolio in Lennar Corporation (NYSE:LEN). Meritage holds 197,623 shares. House reported 4,990 shares or 0.03% of all its holdings. Plante Moran Fin Advisors Ltd Liability Corporation reported 0.01% in Lennar Corporation (NYSE:LEN). Federated Investors Inc Pa has invested 0% in Lennar Corporation (NYSE:LEN). Retirement System Of Alabama reported 0.03% in Lennar Corporation (NYSE:LEN). Hartford Investment Comm invested in 31,177 shares or 0.04% of the stock. Sumitomo Mitsui Trust holds 1.10 million shares. Eulav Asset Management owns 105,000 shares. South Dakota Council has invested 0.96% in Lennar Corporation (NYSE:LEN). Meiji Yasuda Asset Mgmt Comm Ltd has 0.02% invested in Lennar Corporation (NYSE:LEN) for 4,412 shares. Kentucky Retirement Sys owns 13,293 shares or 0.06% of their US portfolio.
Sanders Capital Llc decreased its stake in Lennar Corp (LEN) by 5.47% based on its latest 2019Q2 regulatory filing with the SEC. Sanders Capital Llc sold 646,874 shares as the company’s stock declined 8.61% . The institutional investor held 11.18M shares of the homebuilding company at the end of 2019Q2, valued at $605.90 million, down from 11.82 million at the end of the previous reported quarter. Sanders Capital Llc who had been investing in Lennar Corp for a number of months, seems to be less bullish one the $18.22 billion market cap company. The stock decreased 0.17% or $0.1 during the last trading session, reaching $58.83. About 3.19M shares traded. Lennar Corporation (NYSE:LEN) has declined 8.31% since December 4, 2018 and is downtrending. It has underperformed by 8.31% the S&P500.
Sanders Capital Llc, which manages about $15.69 billion and $24.07 billion US Long portfolio, upped its stake in Kroger Co (NYSE:KR) by 246,080 shares to 6.69M shares, valued at $161.97 million in 2019Q2, according to the filing. It also increased its holding in Taiwan Semiconductor Mfg Ltd (NYSE:TSM) by 1.01M shares in the quarter, for a total of 36.91 million shares, and has risen its stake in Verizon Communications Inc (NYSE:VZ).
Analysts await Lennar Corporation (NYSE:LEN) to report earnings on January, 8. They expect $1.90 earnings per share, down 3.06 % or $0.06 from last year’s $1.96 per share. LEN’s profit will be $588.51 million for 7.74 P/E if the $1.90 EPS becomes a reality. After $1.59 actual earnings per share reported by Lennar Corporation for the previous quarter, Wall Street now forecasts 19.50 % EPS growth.
More notable recent Lennar Corporation (NYSE:LEN) news were published by: Bizjournals.com which released: “Lennar to buy land for homes in Gilbert – Phoenix Business Journal” on November 20, 2019, also Finance.Yahoo.com with their article: “Is Lennar Corporation (LEN) A Good Stock To Buy ? – Yahoo News” published on June 06, 2019, Bizjournals.com published: “Developer plans early 2020 opening of first neighborhood in Baytown master-planned community – Houston Business Journal” on November 14, 2019. More interesting news about Lennar Corporation (NYSE:LEN) were released by: Finance.Yahoo.com and their article: “Glenn Greenberg Exits Facebook, Trims Alphabet – Yahoo Finance” published on November 20, 2019 as well as Finance.Yahoo.com‘s news article titled: “Were Hedge Funds Right About Piling Into Lennar Corporation (LEN)? – Yahoo Finance” with publication date: October 15, 2019.
Lennar Corporation (NYSE:LEN) Ratings Coverage
Among 10 analysts covering Lennar Corporation Class A Common Stock (NYSE:LEN), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Lennar Corporation Class A Common Stock has $7500 highest and $4700 lowest target. $60.80’s average target is 3.35% above currents $58.83 stock price. Lennar Corporation Class A Common Stock had 17 analyst reports since June 13, 2019 according to SRatingsIntel. As per Thursday, October 3, the company rating was maintained by JMP Securities. The company was maintained on Thursday, October 3 by RBC Capital Markets. BTIG Research maintained Lennar Corporation (NYSE:LEN) on Thursday, October 3 with “Buy” rating. The stock of Lennar Corporation (NYSE:LEN) earned “Market Perform” rating by Raymond James on Tuesday, June 18. As per Wednesday, September 25, the company rating was upgraded by Raymond James. The rating was maintained by Buckingham Research with “Buy” on Thursday, October 3. The rating was maintained by JP Morgan on Wednesday, June 26 with “Overweight”. Bank of America maintained Lennar Corporation (NYSE:LEN) rating on Wednesday, June 26. Bank of America has “Buy” rating and $5500 target. CFRA maintained the stock with “Hold” rating in Tuesday, June 25 report.
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