Opinicus Capital reduced its stake in Lennar Co., which reported lower earnings and a revenue drop.
Opinicus Capital and other investors adjusted their stakes in Lennar Co. (NYSE:LEN) in the last quarter. Opinicus reduced its holdings by 146 shares to 4,436 shares, worth about $605,000. Lennar missed earnings estimates, reporting $4.03 per share, down from analysts' forecasts of $4.15. The company has a "Hold" rating and an average price target of $167.19. Lennar, operating under the Lennar brand in the U.S., saw a 9.3% drop in revenue and will pay a $0.50 dividend on February 12th.
2 months ago
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