Lennar Corp (LEN) Valuation Declined While Md Sass Investors Services INC Lowered Its Position

July 16, 2018 - By Carolyn Hewitt

Lennar Corporation (NYSE:LEN) LogoInvestors sentiment increased to 2.09 in Q1 2018. Its up 0.84, from 1.25 in 2017Q4. It is positive, 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. Advisory Serv Network Llc holds 0% or 173 shares in its portfolio. Keybank Association Oh has invested 0% in Lennar Corporation (NYSE:LEN). Cambridge Inv reported 4,913 shares. Gagnon Ltd Com owns 5,341 shares. Quantitative Invest Management Ltd Liability Company invested 0.03% in Lennar Corporation (NYSE:LEN). The New York-based Virtu Fincl Lc has invested 0.03% in Lennar Corporation (NYSE:LEN). 16,682 are held by Dekabank Deutsche Girozentrale. 104,498 were accumulated by Covalent Ptnrs Ltd Liability Corporation. Smithfield Co invested 0.01% of its portfolio in Lennar Corporation (NYSE:LEN). Employees Retirement System Of Texas, Texas-based fund reported 11,000 shares. Point72 Asset Mngmt Limited Partnership invested in 0.31% or 1.27M shares. Stifel holds 28,541 shares or 0.01% of its portfolio. 9.22M were reported by Sanders Cap Limited Liability Co. First Personal Fincl holds 0.02% or 1,536 shares. Parallax Volatility Advisers LP invested in 0.01% or 94,742 shares.

Since January 17, 2018, it had 0 buys, and 12 insider sales for $10.31 million activity. $2.58 million worth of Lennar Corporation (NYSE:LEN) was sold by McCall Jeffrey Joseph on Wednesday, May 23. HUDSON SHERRILL W had sold 2,500 shares worth $157,450. $131,565 worth of Lennar Corporation (NYSE:LEN) was sold by BOLOTIN IRVING. JAFFE JONATHAN M sold $1.17M worth of Lennar Corporation (NYSE:LEN) on Monday, April 2. OLIVERA ARMANDO J sold $156,884 worth of stock or 2,500 shares. Collins David M also sold $355,750 worth of Lennar Corporation (NYSE:LEN) shares.

Martin D. Sass decreased its stake in Lennar Corp (LEN) by 16.62% based on its latest 2018Q1 regulatory filing with the SEC. Md Sass Investors Services Inc sold 80,120 shares as the company’s stock declined 10.19% with the market. The hedge fund run by Martin D. Sass held 401,905 shares of the homebuilding company at the end of 2018Q1, valued at $23.69M, down from 482,025 at the end of the previous reported quarter. Md Sass Investors Services Inc who had been investing in Lennar Corp for a number of months, seems to be less bullish one the $17.46B market cap company. The stock increased 0.18% or $0.1 during the last trading session, reaching $54.16. About 1.08M shares traded. Lennar Corporation (NYSE:LEN) has risen 5.00% since July 16, 2017 and is uptrending. It has underperformed by 7.57% the S&P500.

Md Sass Investors Services Inc, which manages about $1.91 billion and $858.87M US Long portfolio, upped its stake in Macquarie Infrastructure Cor (NYSE:MIC) by 587,550 shares to 623,050 shares, valued at $23.01M in 2018Q1, according to the filing. It also increased its holding in Koninklijke Philips N V (NYSE:PHG) by 79,250 shares in the quarter, for a total of 1.08M shares, and has risen its stake in Liberty Media Corp Delaware.

Analysts await Lennar Corporation (NYSE:LEN) to report earnings on October, 2. They expect $1.27 earnings per share, up 19.81 % or $0.21 from last year’s $1.06 per share. LEN’s profit will be $409.33 million for 10.66 P/E if the $1.27 EPS becomes a reality. After $1.58 actual earnings per share reported by Lennar Corporation for the previous quarter, Wall Street now forecasts -19.62 % negative EPS growth.

Another recent and important Lennar Corporation (NYSE:LEN) news was published by Seekingalpha.com which published an article titled: “Making A Down Payment On Lennar” on July 16, 2018.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 14 analysts covering Lennar Corp (NYSE:LEN), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Lennar Corp had 17 analyst reports since January 17, 2018 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, April 5 with “Buy”. Evercore upgraded the shares of LEN in report on Friday, February 23 to “Outperform” rating. The firm has “Outperform” rating given on Thursday, April 5 by Credit Suisse. The rating was upgraded by Credit Suisse on Monday, January 22 to “Buy”. The rating was upgraded by J.P. Morgan to “Buy” on Tuesday, February 13. The stock of Lennar Corporation (NYSE:LEN) has “Neutral” rating given on Wednesday, June 27 by Wedbush. Maxim Group maintained the shares of LEN in report on Wednesday, May 23 with “Buy” rating. Mizuho upgraded the shares of LEN in report on Thursday, January 18 to “Buy” rating. The rating was maintained by Argus Research with “Buy” on Thursday, March 1. The firm earned “Buy” rating on Wednesday, January 17 by UBS.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.