Grace & White Raised Position in Broadwind Energy Com New (BWEN) by $725,224; Covalent Partners Has Trimmed Its Lennar (LEN) Stake by $3.93 Million

May 17, 2018 - By Ellis Scott

Lennar Corporation (NYSE:LEN) Logo

Robert Hockett decreased its stake in Lennar Corp (LEN) by 49.76% based on its latest 2017Q4 regulatory filing with the SEC. Covalent Partners Llc sold 62,334 shares as the company’s stock declined 8.33% with the market. The hedge fund run by Robert Hockett held 62,937 shares of the homebuilding company at the end of 2017Q4, valued at $3.98M, down from 125,271 at the end of the previous reported quarter. Covalent Partners Llc who had been investing in Lennar Corp for a number of months, seems to be less bullish one the $16.48B market cap company. The stock increased 0.41% or $0.21 during the last trading session, reaching $51.18. About 1.11 million shares traded. Lennar Corporation (NYSE:LEN) has risen 17.08% since May 17, 2017 and is uptrending. It has outperformed by 5.53% the S&P500.

Grace & White Inc increased its stake in Broadwind Energy Inc Com New (BWEN) by 38.9% based on its latest 2017Q4 regulatory filing with the SEC. Grace & White Inc bought 362,612 shares as the company’s stock declined 17.16% with the market. The institutional investor held 1.29 million shares of the capital goods company at the end of 2017Q4, valued at $3.52 million, up from 932,077 at the end of the previous reported quarter. Grace & White Inc who had been investing in Broadwind Energy Inc Com New for a number of months, seems to be bullish on the $41.83 million market cap company. The stock increased 1.87% or $0.05 during the last trading session, reaching $2.72. About 24,524 shares traded. Broadwind Energy, Inc. (NASDAQ:BWEN) has declined 66.57% since May 17, 2017 and is downtrending. It has underperformed by 78.12% the S&P500.

More recent Broadwind Energy, Inc. (NASDAQ:BWEN) news were published by: Globenewswire.com which released: “Broadwind Energy Names Eric B. Blashford asChief Operating Officer” on May 03, 2018. Also Globenewswire.com published the news titled: “Broadwind Energy Announces Q1 2018 Results” on May 04, 2018. Globenewswire.com‘s news article titled: “Broadwind Announces Earnings Release Date and Investor Conference Participation” with publication date: April 23, 2018 was also an interesting one.

Grace & White Inc, which manages about $820.58 million and $497.57 million US Long portfolio, decreased its stake in Rayonier Inc Com (NYSE:RYN) by 27,400 shares to 133,026 shares, valued at $4.21 million in 2017Q4, according to the filing. It also reduced its holding in Dawson Geophysical Co New Com (TGE) by 103,432 shares in the quarter, leaving it with 1.04 million shares, and cut its stake in Fibria Celulose S.A. Sp Adr (NYSE:FBR).

Among 3 analysts covering Broadwind Energy (NASDAQ:BWEN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Broadwind Energy had 7 analyst reports since August 5, 2015 according to SRatingsIntel. Roth Capital initiated Broadwind Energy, Inc. (NASDAQ:BWEN) rating on Friday, June 30. Roth Capital has “Buy” rating and $600 target. The stock has “Buy” rating by Cowen & Co on Monday, July 10. Cowen & Co maintained the shares of BWEN in report on Wednesday, August 2 with “Buy” rating. On Tuesday, August 16 the stock rating was initiated by Cowen & Co with “Outperform”. Roth Capital maintained Broadwind Energy, Inc. (NASDAQ:BWEN) on Tuesday, October 31 with “Buy” rating. The stock of Broadwind Energy, Inc. (NASDAQ:BWEN) earned “Buy” rating by Roth Capital on Wednesday, August 2.

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 stock of Lennar Corporation (NYSE:LEN) has “Neutral” rating given on Monday, February 8 by Credit Suisse. RBC Capital Markets maintained the shares of LEN in report on Wednesday, September 21 with “Outperform” rating. As per Tuesday, February 13, the company rating was upgraded by JP Morgan. On Friday, December 29 the stock rating was maintained by Wedbush with “Neutral”. Citigroup maintained the shares of LEN in report on Wednesday, September 21 with “Neutral” rating. The rating was maintained by Argus Research on Tuesday, July 25 with “Buy”. BTIG Research maintained Lennar Corporation (NYSE:LEN) on Wednesday, October 4 with “Buy” rating. The stock has “Buy” rating by UBS on Wednesday, January 17. The company was maintained on Thursday, July 13 by RBC Capital Markets. The firm earned “Buy” rating on Monday, October 17 by Buckingham Research.

Investors sentiment increased to 1.25 in Q4 2017. Its up 0.33, from 0.92 in 2017Q3. It increased, 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. Magnetar Fincl Lc holds 0.01% or 7,759 shares. 748,500 are owned by Swiss Bancshares. Moreover, Greenwood Capital Assocs Ltd Liability has 0.08% invested in Lennar Corporation (NYSE:LEN). Foundation Asset Management LP holds 4.85% or 255,000 shares in its portfolio. Envestnet Asset Inc invested in 0.02% or 117,937 shares. Price T Rowe Associates Inc Md holds 5.83 million shares or 0.06% of its portfolio. Invsts reported 0.01% in Lennar Corporation (NYSE:LEN). 714,496 were accumulated by Hexavest. 9.00M are held by State Street. Metropolitan Life Insur Comm Ny has 0.03% invested in Lennar Corporation (NYSE:LEN). Shell Asset accumulated 0.01% or 9,754 shares. Rhode Island-based Amica Retiree Medical Tru has invested 0.05% in Lennar Corporation (NYSE:LEN). Meiji Yasuda Asset holds 0.05% in Lennar Corporation (NYSE:LEN) or 8,892 shares. Mufg Americas Corp stated it has 50 shares or 0% of all its holdings. Capital One Association stated it has 0.02% in Lennar Corporation (NYSE:LEN).

Covalent Partners Llc, which manages about $968.54M and $117.95M US Long portfolio, upped its stake in Nabors Industries Ltd (NYSE:NBR) by 349,280 shares to 793,836 shares, valued at $5.42M in 2017Q4, according to the filing. It also increased its holding in Universal Fst Prods Inc (NASDAQ:UFPI) by 13,122 shares in the quarter, for a total of 191,843 shares, and has risen its stake in Gaming & Leisure Pptys Inc (NASDAQ:GLPI).

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 $141.67 million for 29.08 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.

Since January 2, 2018, it had 0 insider buys, and 15 sales for $19.70 million activity. 2,089 shares were sold by BOLOTIN IRVING, worth $131,565. Gilliam Theron I had sold 2,089 shares worth $131,565. JAFFE JONATHAN M also sold $1.28 million worth of Lennar Corporation (NYSE:LEN) on Tuesday, January 2. $156,884 worth of stock was sold by OLIVERA ARMANDO J on Friday, April 6. On Wednesday, January 17 GROSS BRUCE E sold $1.30M worth of Lennar Corporation (NYSE:LEN) or 18,500 shares. Shares for $157,450 were sold by HUDSON SHERRILL W.

More news for Lennar Corporation (NYSE:LEN) were recently published by: Streetinsider.com, which released: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018. Benzinga.com‘s article titled: “Jim Cramer Gives His Opinion On Boston Scientific, Lennar And Discover Financial” and published on May 17, 2018 is yet another important article.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Ellis Scott

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: