Mariner Wealth Advisors LLC Has $494,000 Holdings in Lennar Corporation (LEN)
Mariner Wealth Advisors LLC continued to hold its stake in shares of Lennar Corporation (NYSE:LEN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,260 shares of the construction company’s stock at the close of the 2nd quarter. Mariner Wealth Advisors LLC’s holdings in Lennar Corporation were worth $494,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in LEN. Nationwide Fund Advisors raised its holdings in shares of Lennar Corporation by 8.3% during the first quarter. Nationwide Fund Advisors now owns 56,967 shares of the construction company’s stock worth $2,916,000 after acquiring an additional 4,371 shares in the last quarter. Comerica Bank increased its position in Lennar Corporation by 2.6% during the first quarter. Comerica Bank now owns 48,692 shares of the construction company’s stock worth $2,489,000 after buying an additional 1,235 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Lennar Corporation by 14.1% during the first quarter. UBS Asset Management Americas Inc. now owns 2,918,880 shares of the construction company’s stock worth $149,417,000 after buying an additional 361,684 shares during the last quarter. State of Wisconsin Investment Board increased its position in Lennar Corporation by 36.0% during the first quarter. State of Wisconsin Investment Board now owns 134,100 shares of the construction company’s stock worth $6,865,000 after buying an additional 35,463 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Lennar Corporation by 9.8% during the first quarter. Mutual of America Capital Management LLC now owns 23,296 shares of the construction company’s stock worth $1,193,000 after buying an additional 2,076 shares during the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.
Lennar Corporation (NYSE:LEN) opened at 50.28 on Monday. Lennar Corporation has a one year low of $39.68 and a one year high of $55.75. The firm has a 50-day moving average of $52.22 and a 200 day moving average of $52.03. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 14.70 and a beta of 1.24.
LEN has been the topic of several analyst reports. Zacks Investment Research raised shares of Lennar Corporation from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, June 16th. Royal Bank Of Canada raised their price target on Lennar Corporation from $61.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. BidaskClub raised Lennar Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Credit Suisse Group began coverage on Lennar Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $55.00 price target on the stock. Finally, Wedbush reissued a “neutral” rating and set a $46.00 target price on shares of Lennar Corporation in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Lennar Corporation currently has a consensus rating of “Buy” and a consensus price target of $56.25.
In related news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $53.17, for a total value of $1,063,400.00. Following the completion of the sale, the chief operating officer now directly owns 139,433 shares in the company, valued at $7,413,652.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.18% of the stock is currently owned by company insiders.
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About Lennar Corporation
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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