First National Bank of Mount Dora Trust Investment Services decreased its holdings in Lennar Co. (NYSE:LEN) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,340 shares of the construction company’s stock after selling 975 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Lennar were worth $1,160,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Private Asset Management Inc. purchased a new position in shares of Lennar in the fourth quarter worth about $316,000. Belpointe Asset Management LLC bought a new position in shares of Lennar in the third quarter valued at approximately $264,000. IFM Investors Pty Ltd bought a new position in shares of Lennar in the third quarter valued at approximately $275,000. RWC Asset Management LLP boosted its position in shares of Lennar by 20.6% in the third quarter. RWC Asset Management LLP now owns 358,295 shares of the construction company’s stock valued at $18,918,000 after acquiring an additional 61,163 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Lennar by 2.5% in the third quarter. California Public Employees Retirement System now owns 420,210 shares of the construction company’s stock valued at $22,187,000 after acquiring an additional 10,410 shares during the period. Hedge funds and other institutional investors own 81.25% of the company’s stock.
In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $64.02, for a total transaction of $1,280,400.00. Following the completion of the sale, the chief operating officer now directly owns 99,000 shares in the company, valued at $6,337,980. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bruce E. Gross sold 5,000 shares of Lennar stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now owns 371,043 shares of the company’s stock, valued at $22,262,580. The disclosure for this sale can be found here. Insiders own 12.18% of the company’s stock.
A number of equities analysts have recently commented on LEN shares. JMP Securities upgraded shares of Lennar from a “market perform” rating to an “outperform” rating in a research report on Monday, November 6th. Zacks Investment Research lowered shares of Lennar from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Mizuho restated a “hold” rating and issued a $53.00 price objective on shares of Lennar in a research report on Friday, October 27th. BTIG Research raised their price objective on shares of Lennar from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. Finally, Wedbush restated a “neutral” rating and issued a $54.00 price objective on shares of Lennar in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Lennar presently has an average rating of “Hold” and an average target price of $59.60.
Shares of Lennar Co. (NYSE:LEN) opened at $67.58 on Monday. Lennar Co. has a 1 year low of $43.13 and a 1 year high of $67.63. The stock has a market cap of $15,720.00, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76.
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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.
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