Lennar Corporation (LEN) Stake Raised by OLD Mutual Customised Solutions Proprietary Ltd.

OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Lennar Corporation (NYSE:LEN) by 86.2% during the first quarter, Holdings Channel reports. The fund owned 5,400 shares of the construction company’s stock after buying an additional 2,500 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Lennar Corporation were worth $276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beaumont Financial Partners LLC raised its stake in shares of Lennar Corporation by 0.9% in the first quarter. Beaumont Financial Partners LLC now owns 9,008 shares of the construction company’s stock valued at $461,000 after buying an additional 80 shares during the period. Norman Fields Gottscho Capital Management LLC raised its stake in shares of Lennar Corporation by 1.3% in the first quarter. Norman Fields Gottscho Capital Management LLC now owns 7,775 shares of the construction company’s stock valued at $398,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Lennar Corporation by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the construction company’s stock valued at $640,000 after buying an additional 100 shares during the period. Compton Capital Management Inc. RI raised its stake in shares of Lennar Corporation by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 18,700 shares of the construction company’s stock valued at $957,000 after buying an additional 100 shares during the period. Finally, Cleararc Capital Inc. raised its stake in shares of Lennar Corporation by 3.5% in the first quarter. Cleararc Capital Inc. now owns 4,946 shares of the construction company’s stock valued at $253,000 after buying an additional 167 shares during the period. 82.46% of the stock is owned by institutional investors.

Lennar Corporation (NYSE:LEN) traded up 1.110% during trading on Wednesday, reaching $52.668. 190,128 shares of the company’s stock traded hands. The firm has a 50 day moving average of $51.68 and a 200 day moving average of $48.66. The firm has a market capitalization of $12.35 billion, a PE ratio of 15.405 and a beta of 1.32. Lennar Corporation has a 1-year low of $39.68 and a 1-year high of $55.75.

Lennar Corporation (NYSE:LEN) last released its quarterly earnings results on Tuesday, June 20th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. Lennar Corporation had a net margin of 6.78% and a return on equity of 12.73%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year. Equities analysts forecast that Lennar Corporation will post $3.82 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was posted by sleekmoney and is the sole property of of sleekmoney. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://sleekmoney.com/lennar-corporation-len-stake-raised-by-old-mutual-customised-solutions-proprietary-ltd/1946376.html.

Several analysts have recently issued reports on the stock. Mizuho started coverage on shares of Lennar Corporation in a research report on Tuesday, May 16th. They issued a “buy” rating and a $59.00 target price on the stock. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Lennar Corporation in a research report on Thursday, April 6th. Zacks Investment Research lowered shares of Lennar Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada boosted their price target on shares of Lennar Corporation from $53.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 22nd. Finally, Bank of America Corporation restated a “buy” rating and set a $63.00 price target (up from $60.00) on shares of Lennar Corporation in a research report on Wednesday, June 21st. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $55.59.

About Lennar Corporation

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Want to see what other hedge funds are holding LEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lennar Corporation (NYSE:LEN).

Institutional Ownership by Quarter for Lennar Corporation (NYSE:LEN)

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/lennar-corporation-len-stake-raised-by-old-mutual-customised-solutions-proprietary-ltd/1946376.html

Receive News & Ratings for Lennar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *