Lennar Corp (LEN) Stock Value Declined While Sadoff Investment Management LLC Has Increased Its Holding

June 22, 2018 - By Dolores Ford

Lennar Corporation (NYSE:LEN) LogoInvestors sentiment increased to 2.09 in Q1 2018. Its up 0.84, from 1.25 in 2017Q4. It improved, as 50 investors sold LEN shares while 100 reduced holdings. 92 funds opened positions while 221 raised stakes. 274.75 million shares or 32.49% more from 207.37 million shares in 2017Q4 were reported. Hudson Bay LP holds 0.1% or 78,158 shares in its portfolio. Jefferies Grp Inc Inc Ltd Liability owns 2,350 shares for 0% of their portfolio. Sterling Cap Mngmt Limited Liability Company stated it has 0.39% in Lennar Corporation (NYSE:LEN). Family Mgmt, New York-based fund reported 38,809 shares. Toth Advisory Corp stated it has 0% of its portfolio in Lennar Corporation (NYSE:LEN). Addison Capital has 0.33% invested in Lennar Corporation (NYSE:LEN). Moreover, Cypress Asset Management Tx has 0.08% invested in Lennar Corporation (NYSE:LEN). Thompson Siegel & Walmsley Ltd Llc has 0% invested in Lennar Corporation (NYSE:LEN) for 276 shares. Prelude Ltd Liability Corporation has invested 0.24% in Lennar Corporation (NYSE:LEN). Ny State Teachers Retirement Systems owns 481,444 shares. Ontario Teachers Pension Plan Board has invested 0% in Lennar Corporation (NYSE:LEN). Grp Inc One Trading Lp reported 0% in Lennar Corporation (NYSE:LEN). Huntington Bancorporation stated it has 2,233 shares or 0% of all its holdings. Natixis Advsr Limited Partnership holds 0.03% of its portfolio in Lennar Corporation (NYSE:LEN) for 56,162 shares. Lpl Fincl Limited invested in 0% or 14,515 shares.

Since January 2, 2018, it had 0 buys, and 16 insider sales for $22.28 million activity. Another trade for 125,000 shares valued at $8.69 million was sold by SUSTANA MARK. The insider JAFFE JONATHAN M sold $1.17M. Gilliam Theron I sold $131,565 worth of stock or 2,089 shares. 50,888 shares were sold by McCall Jeffrey Joseph, worth $2.74M. Shares for $355,750 were sold by Collins David M on Thursday, January 18. The insider GROSS BRUCE E sold $1.30 million.

Sadoff Investment Management Llc increased its stake in Lennar Corp (LEN) by 104.67% based on its latest 2018Q1 regulatory filing with the SEC. Sadoff Investment Management Llc bought 522,701 shares as the company’s stock declined 10.19% with the market. The institutional investor held 1.02M shares of the homebuilding company at the end of 2018Q1, valued at $60.24M, up from 499,394 at the end of the previous reported quarter. Sadoff Investment Management Llc who had been investing in Lennar Corp for a number of months, seems to be bullish on the $16.63B market cap company. The stock decreased 1.05% or $0.55 during the last trading session, reaching $51.68. About 2.09 million shares traded. Lennar Corporation (NYSE:LEN) has risen 5.00% since June 22, 2017 and is uptrending. It has underperformed by 7.57% the S&P500.

More notable recent Lennar Corporation (NYSE:LEN) news were published by: 247Wallst.com which released: “4 Homebuilder Stocks to Buy With Huge Upside as Housing Starts Set Recovery High” on June 21, 2018, also Seekingalpha.com with their article: “The Market Needs A Glum Index – Cramer’s Mad Money (6/18/18)” published on June 19, 2018, Bizjournals.com published: “San Francisco Shipyard releases new homes amid controversy over botched environmental cleanup. Will buyers come?” on June 14, 2018. More interesting news about Lennar Corporation (NYSE:LEN) were released by: Bizjournals.com and their article: “Fintech Opendoor raises $325 million from heavy hitters to fuel national expansion” published on June 13, 2018 as well as Nasdaq.com‘s news article titled: “Time to Take Profits in Zillow Stock” with publication date: June 21, 2018.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 15 analysts covering Lennar Corporation (NYSE:LEN), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Lennar Corporation has $99.0 highest and $60.0 lowest target. $74.36’s average target is 43.89% above currents $51.68 stock price. Lennar Corporation had 20 analyst reports since December 29, 2017 according to SRatingsIntel. The rating was maintained by Maxim Group with “Buy” on Wednesday, May 23. The firm has “Buy” rating given on Tuesday, June 19 by Citigroup. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, January 10. The stock of Lennar Corporation (NYSE:LEN) has “Buy” rating given on Thursday, January 4 by Susquehanna. Credit Suisse upgraded the shares of LEN in report on Monday, January 22 to “Buy” rating. J.P. Morgan upgraded the stock to “Buy” rating in Tuesday, February 13 report. The stock of Lennar Corporation (NYSE:LEN) earned “Hold” rating by Credit Suisse on Thursday, January 11. As per Tuesday, February 13, the company rating was upgraded by JP Morgan. Barclays Capital upgraded the stock to “Buy” rating in Wednesday, February 7 report. The company was maintained on Thursday, March 1 by Argus Research.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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