At&T (T) Holder Park Circle Co Increased Stake; Third Avenue Management Lowered Its Lennar Corp. (LEN) Holding by $15.36 Million as Stock Declined

May 23, 2018 - By Kurt Siggers

AT&T Inc. (NYSE:T) Logo

Peter S. Park increased its stake in At&T Inc (T) by 57.14% based on its latest 2017Q4 regulatory filing with the SEC. Park Circle Co bought 56,300 shares as the company’s stock declined 10.37% with the market. The hedge fund run by Peter S. Park held 154,825 shares of the telecommunications equipment company at the end of 2017Q4, valued at $6.02M, up from 98,525 at the end of the previous reported quarter. Park Circle Co who had been investing in At&T Inc for a number of months, seems to be bullish on the $198.17 billion market cap company. The stock decreased 0.49% or $0.16 during the last trading session, reaching $32.27. About 17.11 million shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since May 23, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Martin Whitman decreased its stake in Lennar Corp. (LEN) by 8.5% based on its latest 2017Q4 regulatory filing with the SEC. Third Avenue Management Llc sold 243,838 shares as the company’s stock declined 8.33% with the market. The hedge fund run by Martin Whitman held 2.63M shares of the homebuilding company at the end of 2017Q4, valued at $166.03 million, down from 2.87 million at the end of the previous reported quarter. Third Avenue Management Llc who had been investing in Lennar Corp. for a number of months, seems to be less bullish one the $16.58B market cap company. The stock increased 1.18% or $0.6 during the last trading session, reaching $51.47. About 2.14M shares traded. Lennar Corporation (NYSE:LEN) has risen 17.08% since May 23, 2017 and is uptrending. It has outperformed by 5.53% the S&P500.

Among 33 analysts covering AT&T Inc. (NYSE:T), 13 have Buy rating, 1 Sell and 19 Hold. Therefore 39% are positive. AT&T Inc. had 83 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was upgraded by HSBC to “Hold” on Monday, September 26. The company was maintained on Wednesday, July 26 by RBC Capital Markets. The firm has “Hold” rating by Cowen & Co given on Thursday, February 1. Barclays Capital maintained it with “Overweight” rating and $45 target in Friday, July 15 report. The rating was maintained by Oppenheimer on Saturday, September 5 with “Outperform”. On Monday, September 18 the stock rating was maintained by Cowen & Co with “Hold”. The rating was maintained by Robert W. Baird on Wednesday, October 25 with “Outperform”. The rating was maintained by Citigroup with “Buy” on Friday, November 10. The rating was maintained by RBC Capital Markets on Friday, July 7 with “Hold”. The rating was maintained by Nomura with “Buy” on Tuesday, November 21.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.26, from 1.17 in 2017Q3. It fall, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Texas-based South Texas Money Mgmt Ltd has invested 1.71% in AT&T Inc. (NYSE:T). Wellington Shields Cap Management Limited Liability has invested 1.06% of its portfolio in AT&T Inc. (NYSE:T). Moon Cap Mgmt Llc stated it has 21,848 shares or 0.87% of all its holdings. Sii Investments Wi, Wisconsin-based fund reported 80,877 shares. Oakworth holds 0.36% or 42,276 shares. Honeywell Incorporated holds 0.9% or 700,200 shares in its portfolio. Livingston Grp Asset Mngmt (Operating As Southport Cap Management) holds 73,182 shares. Eagle Ridge Inv Mngmt owns 43,258 shares. Japan-based Meiji Yasuda Asset Mgmt Limited has invested 0.81% in AT&T Inc. (NYSE:T). Rothschild Asset Management Incorporated owns 1.19% invested in AT&T Inc. (NYSE:T) for 2.91M shares. Clark Capital Management Group has 23,588 shares for 0.03% of their portfolio. Williams Jones Ltd Liability reported 65,627 shares. Moreover, Capital One Natl Association has 0.32% invested in AT&T Inc. (NYSE:T) for 121,170 shares. Lombard Odier Asset Mngmt (Switzerland) Sa invested 0.3% in AT&T Inc. (NYSE:T). Chilton Cap Mgmt Llc reported 24,032 shares or 0.09% of all its holdings.

More notable recent AT&T Inc. (NYSE:T) news were published by: Bizjournals.com which released: “AT&T’s headquarters will feature a massive screen, other amenities” on May 21, 2018, also Seekingalpha.com with their article: “AT&T opposes divestitures in TWX deal” published on May 04, 2018, Seekingalpha.com published: “AT&T: Well, What Now?” on April 26, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “AT&T: The Sky Isn’t Falling” published on May 02, 2018 as well as Seekingalpha.com‘s news article titled: “Bought AT&T After Selling Verizon” with publication date: May 21, 2018.

Analysts await Lennar Corporation (NYSE:LEN) to report earnings on June, 19. They expect $0.44 earnings per share, down 51.65% or $0.47 from last year’s $0.91 per share. LEN’s profit will be $141.69M for 29.24 P/E if the $0.44 EPS becomes a reality. After $1.11 actual earnings per share reported by Lennar Corporation for the previous quarter, Wall Street now forecasts -60.36% negative EPS growth.

Among 25 analysts covering Lennar (NYSE:LEN), 22 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Lennar had 73 analyst reports since September 22, 2015 according to SRatingsIntel. The rating was upgraded by M Partners on Wednesday, October 4 to “Buy”. The firm earned “Buy” rating on Sunday, August 20 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $64.0 target in Monday, October 30 report. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, October 19. Wood maintained the shares of LEN in report on Friday, April 7 with “Outperform” rating. As per Monday, December 21, the company rating was maintained by M Partners. On Wednesday, January 17 the stock rating was maintained by UBS with “Buy”. RBC Capital Markets maintained Lennar Corporation (NYSE:LEN) rating on Monday, September 25. RBC Capital Markets has “Buy” rating and $64.0 target. The stock of Lennar Corporation (NYSE:LEN) has “Strong Buy” rating given on Monday, October 31 by Raymond James. The firm has “Outperform” rating given on Friday, February 23 by Evercore.

Investors sentiment increased to 1.25 in Q4 2017. Its up 0.33, from 0.92 in 2017Q3. It is positive, as 41 investors sold LEN shares while 139 reduced holdings. 85 funds opened positions while 140 raised stakes. 207.37 million shares or 10.41% more from 187.83 million shares in 2017Q3 were reported. Stevens First Principles Advisors holds 0.55% in Lennar Corporation (NYSE:LEN) or 16,225 shares. Sterling Cap Management Ltd Liability accumulated 944,276 shares. Ameriprise owns 528,286 shares or 0.02% of their US portfolio. Cambridge Investment Research Advsr holds 0.05% or 64,639 shares in its portfolio. Susquehanna Int Group Incorporated Llp has 58,803 shares for 0% of their portfolio. Meiji Yasuda Asset Management Limited reported 8,892 shares stake. Thomas White International Limited stated it has 8,250 shares. Axa has invested 0% in Lennar Corporation (NYSE:LEN). Ontario – Canada-based Bankshares Of Nova Scotia has invested 0.01% in Lennar Corporation (NYSE:LEN). Jane Street Gru Ltd Liability Co reported 9,602 shares. Advisory Ser Lc stated it has 391 shares. Bessemer Grp Inc Inc stated it has 0% of its portfolio in Lennar Corporation (NYSE:LEN). Etrade Ltd Llc accumulated 8,117 shares or 0.02% of the stock. Moreover, Gator Cap Limited Liability has 0.86% invested in Lennar Corporation (NYSE:LEN) for 14,100 shares. James reported 90,988 shares.

Since January 2, 2018, it had 0 insider purchases, and 15 sales for $19.70 million activity. SUSTANA MARK also sold $8.69M worth of Lennar Corporation (NYSE:LEN) on Friday, January 12. $131,943 worth of stock was sold by SONNENFELD JEFFREY on Friday, April 6. Gilliam Theron I also sold $131,565 worth of Lennar Corporation (NYSE:LEN) on Friday, April 6. On Tuesday, January 16 the insider BESSETTE DIANE J sold $695,000. 5,000 shares valued at $355,750 were sold by Collins David M on Thursday, January 18. 2,500 shares were sold by HUDSON SHERRILL W, worth $157,450.

Third Avenue Management Llc, which manages about $2.08 billion US Long portfolio, upped its stake in Class B by 93,757 shares to 140,763 shares, valued at $7.28 million in 2017Q4, according to the filing. It also increased its holding in Fti Consulting Inc. (NYSE:FCN) by 22,391 shares in the quarter, for a total of 158,683 shares, and has risen its stake in Johnson Controls International Plc.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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