Traders Buy Large Volume of Lennar Put Options (LEN)
Lennar Co. (NYSE:LEN) saw unusually large options trading on Tuesday. Stock traders purchased 2,587 put options on the stock. This represents an increase of approximately 2,111% compared to the average daily volume of 117 put options.
In other news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now owns 371,043 shares in the company, valued at approximately $22,262,580. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.18% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. raised its holdings in Lennar by 8.9% in the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock valued at $101,000 after acquiring an additional 155 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Lennar by 32.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock valued at $114,000 after acquiring an additional 530 shares in the last quarter. QS Investors LLC raised its holdings in Lennar by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after acquiring an additional 25 shares in the last quarter. MUFG Americas Holdings Corp raised its holdings in Lennar by 7.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock valued at $173,000 after acquiring an additional 220 shares in the last quarter. Finally, Chartist Inc. CA acquired a new stake in Lennar during the 2nd quarter worth $200,000. 81.34% of the stock is owned by hedge funds and other institutional investors.
Lennar (LEN) opened at $61.14 on Friday. The company has a quick ratio of 0.59, a current ratio of 7.76 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $14,190.00, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.25 and a beta of 1.35. Lennar has a twelve month low of $42.23 and a twelve month high of $63.94.
Lennar (NYSE:LEN) last posted its quarterly earnings results on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Lennar had a return on equity of 12.37% and a net margin of 6.65%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS. equities research analysts expect that Lennar will post 4.04 earnings per share for the current year.
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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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