Shaker Investments LLC OH Sells 2420 Shares of Lennar Corporation (LEN)

Mae Love
November 15, 2017

The stock ended last trade at $56.44 a share and the price is up more than -1.86% so far this year. The total value of its holdings decreased 9.2%.

LEN has been the subject of several recent analyst reports. Its position was valued at $9,779,000 an increase of 0.1% as of the end of the quarter. DnB Asset Management AS boosted its position in shares of Lennar Corporation by 2.8% in the second quarter. A low price-to-sales ratio, typically less than 1.0, is considered a good value. Fox Run Management L.L.C. acquired a new stake in shares of Lennar Corporation in the 2nd quarter valued at approximately $821,000. Capstone Asset Management Co. boosted its position in shares of Lennar Corporation by 12.9% in the second quarter.

On October 27 Mizuho held the stock rating at "Hold" targeting a price of $53.00. On Thursday, July 13 the stock rating was maintained by RBC Capital Markets with "Buy". Lennar Corporation has an average rating of "Hold" and a consensus target price of $57.93. Bank of America Corporation increased their price objective on Lennar Corporation from $63.00 to $65.00 and gave the company a buy rating in a research report on Wednesday, October 4th.

The company's 20-Day Simple Moving Average is measured to be 5.04% with its 200-Day Simple Moving average wandering at 14.93%. The rating was maintained by Citigroup with "Neutral" on Wednesday, October 4. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and worldwide copyright & trademark law. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/11/14/shaker-investments-llc-oh-has-598000-stake-in-lennar-corporation-len.html. Oppenheimer holds 0.02% of its portfolio in Lennar Corporation (NYSE:LEN) for 11,266 shares. Alliancebernstein L.P. now owns 2,295,966 shares of the construction company's stock worth $122,421,000 after buying an additional 201,379 shares during the period.

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The company is up by 0.14% since yesterday's close of 48.76. The company has a market capitalization of $13,812.11, a price-to-earnings ratio of 15.05, a PEG ratio of 1.42 and a beta of 1.31. Lennar Corporation has a 52 week low of $41.20 and a 52 week high of $59.32. Relative Strength Index (RSI-14) for Lennar Corporation (LEN) is at 66.45. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. Lennar Corporation had a return on equity of 12.37% and a net margin of 6.65%. The company's revenue for the quarter was up 15.1% on a year-over-year basis. equities research analysts forecast that Lennar Corporation will post 4.05 EPS for the current fiscal year.

NYSE:LEN has an EPS value of 3.47 with an EPS growth this year at 13.70%. Shareholders of record on Thursday, October 19th were paid a $0.04 dividend. As per Thursday, October 19, the company rating was maintained by Keefe Bruyette & Woods. Prnewswire.com's article titled: "Lennar Corporation Declares Dividend of Class B Common Stock" and published on October 30, 2017 is yet another important article. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Lennar Corporation's dividend payout ratio is now 4.61%.

In other news, CFO Bruce E. Gross sold 5,000 shares of Lennar Corporation stock in a transaction dated Thursday, October 5th. The total value of its holdings decreased 8.9%. Following the transaction, the chief financial officer now directly owns 376,043 shares in the company, valued at $21,238,908.64.

The Notes were offered only to qualified institutional buyers in transactions that are exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), under Securities and Exchange Commission (the "SEC") Rule 144A or to non-US persons in offshore transactions as that term is defined in SEC Regulation S. When they are issued, the Notes will be guaranteed by some of the Company's subsidiaries, but those guarantees may be suspended or released under certain circumstances. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Lennar's Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of the Company's homes and others.

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