97% Of Lennar Corporation (LEN) Is Owned By Hedge Funds

Lennar Corporation (NYSE:LEN) recovered 14.09% of its value since hitting low of $38.22. The recent move of 2.06% gain helped the stock to close at $43.61 when trading ended on 12/03/2018. At recent session, the prices were hovering between $42.35 and $43.72. This company shares are 34.44% off its target price of $58.63 and the current market capitalization stands at $14.19B. The recent change has given its price a 0.4% lead over SMA 50 and -39.57% deficit over its 52-week high. The stock witnessed -0.98% declines, -15.68% declines and -16.13% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LEN’s volatility during a week at 3.2% and during a month it has been found around 3.49%.

Lennar Corporation (LEN) Top Holders

Institutional investors currently hold around $12.22 billion or 97% in LEN stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.33 billion in Lennar Corporation, which represents roughly 9.38% of the company’s market cap and approximately 10.9% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 22,338,221 shares of the stock are valued at $954.51 million. The third largest holder is Manufacturers Life Insurance Company, The, which currently holds $687.28 million worth of this stock and that ownership represents nearly 4.84% of its market capitalization.

Lennar Corporation 13F Filings

At the end of September reporting period, 307 institutional holders increased their position in Lennar Corporation (NYSE:LEN) by some 29,612,516 shares, 262 decreased positions by 29,726,754 and 108 held positions by 226,619,186. That puts total institutional holdings at 285,958,456 shares, according to SEC filings. The stock grabbed 87 new institutional investments totaling 12,274,356 shares while 75 institutional investors sold out their entire positions totaling 6,040,654 shares.

Lennar Corporation (NYSE:LEN) Insider Trades

Multiple company employees have indulged in significant insider trading. Lennar Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President/COO Jaffe Jonathan M has sold 20,000 shares of Lennar Corporation (LEN) in trading session dated Jul. 02, 2018. These shares are worth $1,042,400 and were traded at $52.12 each. The SEC filing shows that Mccall Jeffrey Joseph performed a sale of 50,887 shares. The Senior Vice President disposed these shares by way of transaction on May. 23, 2018. The company’s shares were given away at $50.7 per share worth to an income of some $2,579,971 on account of Mccall Jeffrey Joseph.

Senior Vice President, Mccall Jeffrey Joseph, sold 50,888 common shares of Lennar Corporation (LEN) in the open market. In a transaction dated May. 09, 2018, the shares were put up for sale at an average price of $53.92, raking in a sum of $2,743,881. After this sale, 3,795 common shares of LEN are directly owned by the insider, with total stake valued at $165,500.

In the transaction dated Apr. 06, 2018, the great number of shares disposed came courtesy the Director; Bolotin Irving disposed a total of 2,089 shares at an average price of $62.98, amounting to approximately $131,565. The insider now directly owns 3,994 shares worth $174,178.

Lennar Corporation (LEN) Analyst Guide

Several analysts have released their opinion on Lennar Corporation (NYSE:LEN), with 8 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 6 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.71 average brokerage recommendation.