GSA Capital Partners LLP Sells 2,751 Shares of Lennar Corporation (LEN)
GSA Capital Partners LLP cut its position in shares of Lennar Corporation (NYSE:LEN) by 15.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,822 shares of the construction company’s stock after selling 2,751 shares during the period. GSA Capital Partners LLP’s holdings in Lennar Corporation were worth $790,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Menta Capital LLC purchased a new stake in shares of Lennar Corporation during the 2nd quarter worth about $544,000. Mutual of America Capital Management LLC raised its stake in shares of Lennar Corporation by 5.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 24,539 shares of the construction company’s stock worth $1,308,000 after purchasing an additional 1,243 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Lennar Corporation by 2.5% during the 2nd quarter. ProShare Advisors LLC now owns 55,664 shares of the construction company’s stock worth $2,968,000 after purchasing an additional 1,383 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Lennar Corporation by 22.0% during the 2nd quarter. Profund Advisors LLC now owns 5,764 shares of the construction company’s stock worth $307,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Stevens Capital Management LP raised its stake in shares of Lennar Corporation by 374.1% during the 2nd quarter. Stevens Capital Management LP now owns 114,099 shares of the construction company’s stock worth $6,084,000 after purchasing an additional 90,035 shares in the last quarter. 81.10% of the stock is owned by institutional investors.
Lennar Corporation (NYSE:LEN) opened at 56.41 on Thursday. The company has a market capitalization of $13.23 billion, a P/E ratio of 16.49 and a beta of 1.22. The firm has a 50-day moving average price of $51.69 and a 200 day moving average price of $52.05. Lennar Corporation has a 12 month low of $39.68 and a 12 month high of $56.44.
Lennar Corporation (NYSE:LEN) last issued its quarterly earnings results on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Lennar Corporation had a return on equity of 12.52% and a net margin of 6.65%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. Analysts expect that Lennar Corporation will post $3.82 EPS for the current year.
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LEN has been the subject of a number of recent research reports. Wedbush reaffirmed a “neutral” rating and set a $46.00 price target on shares of Lennar Corporation in a research note on Thursday, June 15th. BidaskClub downgraded Lennar Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada raised their price target on Lennar Corporation from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 21st. Bank of America Corporation reaffirmed a “buy” rating and set a $63.00 price target (up from $60.00) on shares of Lennar Corporation in a research note on Wednesday, June 21st. Finally, Credit Suisse Group initiated coverage on Lennar Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $57.63.
Lennar Corporation Company Profile
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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