Aggressive’ Bullish Options Activity Seen in Lennar Corporation

 Aggressive' Bullish Options Activity Seen in Lennar Corporation

In today’s session Lennar Corporation (LEN) registered an unusually high (1,201) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious LEN increase. With 1,201 contracts traded and 5504 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: LEN170120C00042000 closed last at: $2.01 or 18.9% up. About 258,382 shares traded hands. Lennar Corporation (NYSE:LEN) has declined 13.39% since April 12, 2016 and is downtrending. It has underperformed by 18.38% 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. $60.0 is the highest target while $45 is the lowest. The $53 average target is 27.07% above today’s ($41.71) stock price. Lennar has been the topic of 23 analyst reports since September 22, 2015 according to StockzIntelligence Inc. As per Wednesday, September 21, the company rating was maintained by RBC Capital Markets. Sterne Agee CRT upgraded the stock to “Buy” rating in Tuesday, January 19 report. On Wednesday, September 21 the stock rating was maintained by Keefe Bruyette & Woods with “Outperform”. The rating was upgraded by Raymond James to “Strong Buy” on Monday, October 31. M Partners maintained it with “Neutral” rating and $51 target price in Monday, December 21 report. The firm has “Buy” rating by UBS given on Friday, January 15. The stock has “Hold” rating given by Deutsche Bank on Wednesday, March 30. Wood maintained the shares of LEN in a report on Wednesday, March 30 with “Outperform” rating. The rating was maintained by Susquehanna on Wednesday, March 30 with “Positive”. The company was upgraded on Monday, June 27 by Raymond James.

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 dived, 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.
First Republic Inv accumulated 15,225 shares or 0.01% of the stock. Fdx Advsr Inc has 10,534 shares for 0.02% of their US portfolio. Paradigm Asset Mngmt Co Ltd reported 5,300 shares or 0% of all its holdings. Piedmont Investment Advsr holds 0% of its portfolio in Lennar Corporation (NYSE:LEN) for 5 shares. Advisory Services Network Limited Co last reported 0.01% of its portfolio in the stock. Psagot Investment House Ltd holds 63,121 shares or 0.13% of its portfolio. Meiji Yasuda Asset Management Limited accumulated 0.05% or 8,112 shares. Ladenburg Thalmann Financial Svcs Inc owns 7,556 shares or 0.01% of their US portfolio. Shell Asset, a Netherlands-based fund reported 13,325 shares. Vigilant Mngmt Ltd Liability Corporation owns 103 shares or 0% of their US portfolio. First Tru Advisors Limited Partnership accumulated 528,171 shares or 0.08% of the stock. Horizon Kinetics Ltd Liability Company holds 0.12% of its portfolio in Lennar Corporation (NYSE:LEN) for 99,568 shares. Asset Mgmt Inc has invested 0.01% of its portfolio in Lennar Corporation (NYSE:LEN). Thompson Davis And Commerce has 205 shares for 0.01% of their US portfolio. Westend Capital Mngmt Ltd owns 31,905 shares or 2.13% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 3 insider sales for $4.28 million net activity. JAFFE JONATHAN M also sold $925,000 worth of Lennar Corporation (NYSE:LEN) shares. On Tuesday, July 5 BOLOTIN IRVING sold $2.52 million worth of the stock or 75,228 shares.

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 $8.57 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 11.01 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.

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