Lennar Corp (LEN) Holder South Dakota Investment Council Has Boosted Position

July 27, 2018 - By Vernon Prom

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. Delphi Inc Ma stated it has 40,769 shares. Teachers Retirement Sys Of The State Of Kentucky invested in 0.03% or 36,306 shares. State Street invested in 0.06% or 10.99 million shares. Farmers Merchants Invs has invested 0% in Lennar Corporation (NYSE:LEN). Sanders Cap Ltd reported 9.22M shares. State Of Wisconsin Invest Board has invested 0.04% in Lennar Corporation (NYSE:LEN). Asset Management invested 0.04% in Lennar Corporation (NYSE:LEN). Eidelman Virant invested in 1.19% or 380,000 shares. Tarbox Family Office holds 503 shares or 0.01% of its portfolio. Crystal Rock Mngmt has 3.76% invested in Lennar Corporation (NYSE:LEN). Amica Mutual Insurance reported 0.07% stake. Moreover, Atlantic Grp Ltd Liability Corp has 0% invested in Lennar Corporation (NYSE:LEN) for 12,350 shares. Sumitomo Mitsui Asset Co Limited reported 20,189 shares. First Republic Inv Management Inc has 0.01% invested in Lennar Corporation (NYSE:LEN). State Of Tennessee Treasury Department owns 65,569 shares.

Since April 2, 2018, it had 0 insider buys, and 10 sales for $8.41 million activity. 2,500 Lennar Corporation (NYSE:LEN) shares with value of $157,450 were sold by GERARD STEVEN L. 20,000 shares were sold by JAFFE JONATHAN M, worth $1.17M on Monday, April 2. $2.58 million worth of Lennar Corporation (NYSE:LEN) was sold by McCall Jeffrey Joseph. Another trade for 2,500 shares valued at $156,884 was made by OLIVERA ARMANDO J on Friday, April 6. $131,565 worth of stock was sold by Gilliam Theron I on Friday, April 6. On Friday, April 6 SONNENFELD JEFFREY sold $131,943 worth of Lennar Corporation (NYSE:LEN) or 2,095 shares.

South Dakota Investment Council increased its stake in Lennar Corp (LEN) by 14.21% based on its latest 2018Q1 regulatory filing with the SEC. South Dakota Investment Council bought 106,018 shares as the company’s stock declined 10.19% with the market. The institutional investor held 851,844 shares of the homebuilding company at the end of 2018Q1, valued at $50.21 million, up from 745,826 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Lennar Corp for a number of months, seems to be bullish on the $16.93 billion market cap company. The stock increased 2.30% or $1.18 during the last trading session, reaching $52.53. About 4.65 million shares traded or 24.06% up from the average. Lennar Corporation (NYSE:LEN) has risen 5.00% since July 27, 2017 and is uptrending. It has underperformed by 7.57% the S&P500.

South Dakota Investment Council, which manages about $4.37 billion US Long portfolio, decreased its stake in Target Corp (NYSE:TGT) by 50,214 shares to 433,520 shares, valued at $30.10M in 2018Q1, according to the filing. It also reduced its holding in Delta Air Lines Inc Del (NYSE:DAL) by 83,250 shares in the quarter, leaving it with 497,450 shares, and cut its stake in Norfolk Southern Corp (NYSE:NSC).

More news for Lennar Corporation (NYSE:LEN) were recently published by: Prnewswire.com, which released: “LMC Announces Start of Leasing at Capitol 650” on July 26, 2018. Seekingalpha.com‘s article titled: “Making A Down Payment On Lennar” and published on July 16, 2018 is yet another important article.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 12 analysts covering Lennar Corp (NYSE:LEN), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Lennar Corp has $93 highest and $56 lowest target. $72.30’s average target is 37.64% above currents $52.53 stock price. Lennar Corp had 14 analyst reports since February 7, 2018 according to SRatingsIntel. Barclays Capital upgraded it to “Buy” rating and $72.0 target in Wednesday, February 7 report. The rating was maintained by Citigroup on Thursday, April 5 with “Buy”. Barclays Capital maintained Lennar Corporation (NYSE:LEN) on Wednesday, June 27 with “Overweight” rating. On Wednesday, June 27 the stock rating was maintained by Wedbush with “Neutral”. Maxim Group maintained the shares of LEN in report on Wednesday, May 23 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Wednesday, March 21 report. The stock of Lennar Corporation (NYSE:LEN) has “Buy” rating given on Wednesday, June 27 by Bank of America. The stock has “Buy” rating by J.P. Morgan on Tuesday, February 13. The stock of Lennar Corporation (NYSE:LEN) has “Outperform” rating given on Friday, February 23 by Evercore. Argus Research maintained the shares of LEN in report on Thursday, March 1 with “Buy” rating.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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