Lennar (LEN.B) Posts Quarterly Earnings Results

New homes for sale by Lennar home builders

The stock increased 0.67% or $1.58 during the last trading session, reaching $238.1. Given that liquidity is king in short-term, LEN is a stock with 230.42 million shares outstanding that normally trades 8.67% of its float.

Lennar Corporation (NYSE:LEN) touched its 1-Year High price of $67.80 on 01/08/18 and its 1-Year Low price of $43.27 on 01/12/17. It has outperformed by 3.21% the S&P500. Ontario Teachers Pension Plan Board reported 79,590 shares. The stock had a trading volume of 5,150,869 shares. Following the transaction, the chief operating officer now owns 99,000 shares of the company's stock, valued at $6,337,980. Given that its average daily volume over the 30 days has been 3.57 million shares a day, this signifies a pretty significant change over the norm.

Since October 2, 2017, it had 0 buys, and 3 insider sales for $3.18 million activity. Also, CFO Bruce E. Gross sold 5,000 shares of Lennar stock in a transaction that occurred on Tuesday, November 21st. Keefe Bruyette & Woods maintained Lennar Corporation (NYSE:LEN) rating on Thursday, December 21. They expect $1.50 earnings per share, up 11.94 % or $0.16 from last year's $1.34 per share. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.50 by ($0.21), Bloomberg Earnings reports.

Among 24 analysts covering Lennar (NYSE:LEN), 16 have Buy rating, 0 Sell and 8 Hold. Therefore 67% are positive. Wedbush initiated the stock with "Neutral" rating in Tuesday, September 20 report. FBR Capital maintained the shares of LEN in report on Tuesday, September 22 with "Outperform" rating. UBS has "Buy" rating and $50 target. 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. The rating was maintained by Wood on Friday, April 7 with "Outperform". The rating was upgraded by M Partners to "Buy" on Wednesday, October 4. The company was maintained on Wednesday, March 30 by Susquehanna. The company was upgraded on Friday, January 15 by UBS. The firm has "Hold" rating given on Tuesday, October 31 by KeyBanc Capital Markets.

Investors sentiment decreased to 0.92 in Q3 2017. Beta for ConocoPhillips stands at 1.21 while its ATR (average true range) is 0.98.

Lennar Corporation (LEN) shares were closed at $67.23 a share in the latest session and the stock value loss nearly -0.52% since the beginning of this year.

A number of other hedge funds have also added to or reduced their stakes in the stock. 187.83 million shares or 0.17% more from 187.51 million shares in 2017Q2 were reported.

Sanders Cap Ltd Limited Liability Company holds 7.08M shares. Cap Guardian Com holds 371,200 shares. Cornerstone Advisors holds 0% or 135 shares in its portfolio. Hudson Valley Investment Incorporated Adv has invested 0.22% in Lennar Corporation (NYSE:LEN). Sun Life Inc accumulated 1,498 shares. Cibc Asset Mgmt reported 0.01% in Lennar Corporation (NYSE:LEN). Hutchin Hill Cap L P reported 8,300 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 9,841 shares.

Wesbanco Bancorporation, a West Virginia-based fund reported 74,501 shares. 4,068 were accumulated by Koshinski Asset Mgmt.

Lennar (LEN.B) traded down $0.76 during mid-day trading on Wednesday, hitting $53.73. The shares were sold at an average price of $64.02, for a total transaction of $1,280,400.00. Lennar Corporation (NYSE:LEN) has risen 19.91% since January 8, 2017 and is uptrending. Quest Diagnostics Inc (NYSE:DGX) was raised too. (NYSE:LEN) during the third quarter, Holdings Channel reports. SC's profit will be $115.19 million for 14.54 P/E if the $0.32 EPS becomes a reality. After $1.06 actual EPS reported by Lennar Corporation for the previous quarter, Wall Street now forecasts 41.51 % EPS growth. Its down 0.35, from 1.53 in 2017Q2. Moreover, Caisse De Depot Et Placement Du Quebec has 0.01% invested in Lennar Corporation (NYSE:LEN). Ltd. increased its stake in shares of Lennar Corp.by 160.5% in the second quarter. Reilly Advisors Ltd Liability Company accumulated 647 shares. Td Asset Inc reported 71,491 shares or 0.01% of all its holdings. Metropolitan Life Ins New York invested in 0% or 4,428 shares. Commonwealth Bank of Australia now owns 2,168 shares of the construction company's stock valued at $114,000 after buying an additional 530 shares during the period. Tower Research Capital LLC TRC now owns 4,432 shares of the company's stock worth $204,000 after buying an additional 4,218 shares during the last quarter.

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