In today’s session Lennar Corporation (LEN) registered an unusually high (500) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LEN increase. With 500 contracts traded and 2544 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LEN161118C00044000 closed last at: $0.35 or 30% down. About 1.35M shares traded hands. Lennar Corporation (NYSE:LEN) has declined 9.62% since March 14, 2016 and is downtrending. It has underperformed by 15.23% the S&P500.
Lennar Corporation (NYSE:LEN) Ratings Coverage
Out of 18 analysts covering Lennar (NYSE:LEN), 11 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 61% are positive. Lennar has been the topic of 22 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Citigroup maintained the shares of LEN in a report on Wednesday, September 21 with “Neutral” rating. The firm has “Neutral” rating given on Thursday, March 31 by Citigroup. As per Monday, October 17, the company rating was upgraded by Buckingham Research. The stock of Lennar Corporation (NYSE:LEN) has “Hold” rating given on Wednesday, March 30 by Deutsche Bank. Wedbush initiated the stock with “Neutral” rating in Tuesday, September 20 report. Keefe Bruyette & Woods maintained the stock with “Outperform” rating in Wednesday, September 21 report. Susquehanna maintained Lennar Corporation (NYSE:LEN) rating on Wednesday, March 30. Susquehanna has “Positive” rating and $56 price target. The firm has “Market Perform” rating given on Thursday, September 29 by Wells Fargo. The firm has “Buy” rating given on Tuesday, January 19 by Sterne Agee CRT. Evercore initiated the stock with “Buy” rating in Tuesday, March 22 report.
According to Zacks Investment Research, “Lennar Corp is one of the nation’s leading builders of quality homes for all generations, building affordable, move-up and retirement homes. Under the Lennar Family of Builders banner, the Company includes the following brand names: Lennar Homes, U.S. Home, Greystone Homes, Village Builders, Renaissance Homes, Orrin Thompson Homes, Lundgren Bros., Winncrest Homes, Sunstar Communities, Don Galloway Homes, Patriot Homes, NuHome, Barry Andrews Homes, Concord Homes, Summit Homes, Cambridge Homes, Seppala Homes, Genesee and Rutenberg Homes.”
Insitutional Activity: The institutional sentiment decreased to 1.24 in 2016 Q2. Its down 0.01, from 1.25 in 2016Q1. The ratio turned negative, as 46 funds sold all Lennar Corporation shares owned while 132 reduced positions. 61 funds bought stakes while 160 increased positions. They now own 184.32 million shares or 3.14% less from 190.30 million shares in 2016Q1.
Voloridge Invest Management Ltd Liability Corp accumulated 5,700 shares or 0.01% of the stock. Mitsubishi Ufj Limited, a Japan-based fund reported 280 shares. Bokf Na last reported 7,933 shares in the company. Ibm Retirement Fund has 19,204 shares for 0.03% of their US portfolio. Nomura Asset Mngmt Company Limited has 0.02% invested in the company for 20,960 shares. Macquarie Group Limited accumulated 118,138 shares or 0.01% of the stock. The New York-based Horizon Kinetics Limited Liability Company has invested 0.12% in Lennar Corporation (NYSE:LEN). The Pennsylvania-based Cim Investment Mangement has invested 0.29% in Lennar Corporation (NYSE:LEN). Parallax Volatility Advisers L P has 23,835 shares for 0% of their US portfolio. Md Sass Investors Svcs Inc last reported 655,090 shares in the company. Canada Pension Plan Investment Board last reported 0% of its portfolio in the stock. Atria Invests Limited Liability, a North Carolina-based fund reported 6,101 shares. Burt Wealth Advisors has 200 shares for 0.01% of their US portfolio. Wells Fargo And Mn last reported 0.02% of its portfolio in the stock. Ubs Oconnor Ltd has 0% invested in the company for 75,265 shares.
Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 3 insider sales for $4.28 million net activity. $925,000 worth of Lennar Corporation (NYSE:LEN) was sold by JAFFE JONATHAN M on Friday, July 1. Shares for $2.52 million were sold by BOLOTIN IRVING.
Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The company has a market cap of $8.77 billion. The Company’s divisions include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily. It has a 10.98 P/E ratio. The Company’s Homebuilding activities include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which it has investments.
LEN Company Profile
Lennar Corporation, incorporated on October 6, 1991, is a homebuilder that operates in various states with deliveries of approximately 24,290 new homes. The Company’s divisions include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily. The Company’s Homebuilding activities include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which it has investments. The Lennar Financial Services segment activities include mortgage financing, title insurance and closing services for its homebuyers and others. The Rialto segment activities include commercial real estate, investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of institutional multifamily rental properties in select the United States markets.
More recent Lennar Corporation (NYSE:LEN) news were published by: Fool.com which released: “WCI Communities Inc’s Stock Spikes After Lennar Corporation Acquisition …” on September 22, 2016. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades” on October 17, 2016. Investorplace.com‘s news article titled: “Lennar Corporation’s Strong Earnings Not Enough (LEN)” with publication date: September 20, 2016 was also an interesting one.
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