GDS Holdings Ltd (GDS) “Buy” Rating Reiterated by Analysts at RBC Capital; With $21.0 Target; Factory Mutual Insurance Company Cut Its Lennar (LEN) Stake

November 15, 2017 - By Winifred Garcia

Factory Mutual Insurance Company decreased Lennar Corp (LEN) stake by 1.01% reported in 2017Q2 SEC filing. Factory Mutual Insurance Company sold 11,000 shares as Lennar Corp (LEN)’s stock rose 12.25%.

The Factory Mutual Insurance Company holds 1.08M shares with $57.43M value, down from 1.09M last quarter. Lennar Corp now has $13.68B valuation. The stock increased 0.57% or $0.33 during the last trading session, reaching $58.56. About shares traded. Lennar Corporation (NYSE:LEN) has risen 19.91% since November 15, 2016 and is uptrending. It has outperformed by 3.21% the S&P500.

The firm have set target price of $21.0 on GDS Holdings Ltd (GDS) shares. This is 362.56% from the previous close. In a note issued to clients on Monday, 13 November, RBC Capital reconfirmed their “Buy” rating on shares of GDS.

Among 24 analysts covering Lennar (NYSE:LEN), 15 have Buy rating, 0 Sell and 9 Hold. Therefore 63% are positive. Lennar had 54 analyst reports since September 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Sterne Agee CRT on Tuesday, January 19. The stock of Lennar Corporation (NYSE:LEN) has “Neutral” rating given on Monday, February 8 by Credit Suisse. Wood maintained it with “Outperform” rating and $59 target in Wednesday, March 30 report. The stock has “Neutral” rating by Wedbush on Tuesday, September 20. On Friday, April 7 the stock rating was maintained by Wood with “Outperform”. JP Morgan reinitiated Lennar Corporation (NYSE:LEN) rating on Monday, March 14. JP Morgan has “Neutral” rating and $54 target. FBR Capital maintained the shares of LEN in report on Tuesday, September 22 with “Outperform” rating. The company was maintained on Monday, August 28 by Keefe Bruyette & Woods. The rating was downgraded by Evercore to “In-Line” on Wednesday, June 21. The firm has “Outperform” rating given on Wednesday, June 21 by RBC Capital Markets.

Investors sentiment decreased to 1.2 in Q2 2017. Its down 0.09, from 1.29 in 2017Q1. It fall, as 36 investors sold LEN shares while 139 reduced holdings. 61 funds opened positions while 149 raised stakes. 187.51 million shares or 1.47% less from 190.31 million shares in 2017Q1 were reported. D E Shaw And Inc has invested 0.08% of its portfolio in Lennar Corporation (NYSE:LEN). Howard Hughes Medical Institute reported 139,136 shares or 1.35% of all its holdings. Oakworth Cap holds 78 shares. Moreover, Regentatlantic Cap Limited Liability has 0.02% invested in Lennar Corporation (NYSE:LEN). State Board Of Administration Of Florida Retirement Systems holds 255,035 shares. Keybank Natl Association Oh holds 34,035 shares or 0.01% of its portfolio. Macquarie Group Ltd accumulated 0% or 5,590 shares. Synovus Fin Corporation holds 0.03% or 28,720 shares. Atria Invests Ltd Liability Company holds 0.07% or 19,995 shares in its portfolio. Burt Wealth holds 0.01% or 200 shares. New Mexico Educational Retirement Board reported 18,910 shares or 0.05% of all its holdings. The New York-based Jpmorgan Chase & Communications has invested 0% in Lennar Corporation (NYSE:LEN). Moreover, Capstone Inv Advsr Ltd has 0.08% invested in Lennar Corporation (NYSE:LEN). Fiera Cap accumulated 0% or 4,200 shares. Stifel Corporation invested in 9,559 shares.

Analysts await Lennar Corporation (NYSE:LEN) to report earnings on December, 18. They expect $1.50 EPS, up 11.94% or $0.16 from last year’s $1.34 per share. LEN’s profit will be $350.41M for 9.76 P/E if the $1.50 EPS becomes a reality. After $1.06 actual EPS reported by Lennar Corporation for the previous quarter, Wall Street now forecasts 41.51% EPS growth.

Factory Mutual Insurance Company increased Jpmorgan Chase & Co (NYSE:JPM) stake by 120,000 shares to 2.57 million valued at $235.12 million in 2017Q2. It also upped Visa Inc (NYSE:V) stake by 33,000 shares and now owns 860,800 shares. Disney Walt Co (NYSE:DIS) was raised too.

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