Nuance Investments Boosted Connecticut Wtr Svc (CTWS) Stake by $5.77 Million; As Lennar (LEN) Share Value Declined, Holder Stelliam Investment Management LP Lowered Its Position

June 13, 2018 - By Stephen Andrade

Lennar Corporation (NYSE:LEN) Logo

Nuance Investments Llc increased its stake in Connecticut Wtr Svc Inc (CTWS) by 149.07% based on its latest 2018Q1 regulatory filing with the SEC. Nuance Investments Llc bought 96,170 shares as the company’s stock rose 18.64% while stock markets declined. The institutional investor held 160,682 shares of the public utilities company at the end of 2018Q1, valued at $9.73 million, up from 64,512 at the end of the previous reported quarter. Nuance Investments Llc who had been investing in Connecticut Wtr Svc Inc for a number of months, seems to be bullish on the $782.89M market cap company. The stock increased 1.19% or $0.76 during the last trading session, reaching $64.76. About 43,532 shares traded. Connecticut Water Service, Inc. (NASDAQ:CTWS) has risen 19.20% since June 13, 2017 and is uptrending. It has outperformed by 6.63% the S&P500. Some Historical CTWS News: 22/05/2018 – CTWS SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Connecticut Water Service, Inc. (CTWS) Over the Pr; 30/04/2018 – SJW Group and Connecticut Water Announce Early Termination of Hart-Scott-Rodino Waiting Period for Merger of Equals; 15/03/2018 – Combined Connecticut Water Service-SJW Company Expected to Establish Dividend at Least Equivalent to SJW’s 2018 Annual Dividend of $1.12/Share; 19/04/2018 – EVERSOURCE OFFERS TO BUY CONNECTICUT WATER FOR $63.50/SHR; 15/03/2018 – SJW GROUP,CONNECTICUT WATER SERVICE DEAL ~$750M IN AGGREGATE; 10/05/2018 – Connecticut Water Service Inc. Shareholders Elect Directors, Ratify Auditors, and Approve Advisory Vote on Executive Compensat; 19/04/2018 – SJW Group Remains Committed to Merger of Equals with Connecticut Water and its Potential to Create Significant Long-Term Value for Shareholders; 15/03/2018 – CONNECTICUT WATER SERVICE INC – DEAL EXPECTED TO BE ACCRETIVE TO BOTH COMPANIES’ EPS IN FIRST FISCAL YEAR POST-CLOSING; 07/03/2018 Connecticut Water Service Inc. names David C. Benoit president and CEO and Robert J. Doffek chief financial officer, treasurer; 19/04/2018 – CONNECTICUT WATER SERVICE – BOARD CONTINUES TO UNANIMOUSLY BELIEVE THAT MERGER WITH SJW GROUP IS IN BEST INTEREST OF ALL CONNECTICUT WATER SHAREHOLDERS




Ross Margolies decreased its stake in Lennar Corp (LEN) by 14.23% based on its latest 2018Q1 regulatory filing with the SEC. Stelliam Investment Management Lp sold 100,000 shares as the company’s stock declined 10.19% with the market. The hedge fund run by Ross Margolies held 602,500 shares of the homebuilding company at the end of 2018Q1, valued at $35.51 million, down from 702,500 at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Lennar Corp for a number of months, seems to be less bullish one the $17.60B market cap company. The stock increased 1.82% or $0.98 during the last trading session, reaching $54.68. About 2.47M shares traded. Lennar Corporation (NYSE:LEN) has risen 5.00% since June 13, 2017 and is uptrending. It has underperformed by 7.57% the S&P500. Some Historical LEN News: 26/05/2018 – SFBJ Newsroom: EXCLUSIVE: Lennar seeks to rezone farmland in Miami-Dade for 149 homes; 25/05/2018 – South FL Bus Jrn: EXCLUSIVE: Lennar seeks to rezone farmland in Miami-Dade for 149 homes; 27/03/2018 – Lennar Corporation’s First Quarter Earnings Conference Call to be Broadcast Live on the Internet; 12/04/2018 – LENNAR: STUART MILLER TO CONTINUE WITH CO. AS EXEC. CHAIRMAN; 04/04/2018 – LENNAR SAYS PRICES CAN GO HIGHER DESPITE HIGHER MORTGAGE RATES; 05/04/2018 – LENNAR CORP LEN.N : CITIGROUP RAISES TARGET PRICE TO $73 FROM $70; 04/04/2018 – Lennar: Remain Positive on Housing Industry Outlook in General; 04/04/2018 – Lennar: On Track to Meet $365M Synergy Target in 2019; 12/04/2018 – Lennar: Jon Jaffe Has Been Elected as the New President, Also Named to Board; 12/04/2018 – LENNAR: RICK BECKWITT HAS BEEN ELECTED AS NEW CEO

Investors sentiment decreased to 1.08 in 2018 Q1. Its down 0.45, from 1.53 in 2017Q4. It worsened, as 14 investors sold CTWS shares while 34 reduced holdings. 16 funds opened positions while 36 raised stakes. 5.81 million shares or 4.55% more from 5.56 million shares in 2017Q4 were reported. Principal Fincl Grp Inc stated it has 13,644 shares or 0% of all its holdings. Trexquant Inv Limited Partnership invested in 4,615 shares. Glenmede Tru Na owns 127 shares for 0% of their portfolio. Howe Rusling Inc stated it has 0.01% of its portfolio in Connecticut Water Service, Inc. (NASDAQ:CTWS). Clear Harbor Asset Mngmt Ltd Limited Liability Company has 1.2% invested in Connecticut Water Service, Inc. (NASDAQ:CTWS). Water Asset Mgmt Limited Liability Com accumulated 478,172 shares or 12.76% of the stock. Sg Americas Limited Com has 47,732 shares. Wellington Shields & Co Llc owns 10,000 shares. Webster Commercial Bank N A stated it has 0% of its portfolio in Connecticut Water Service, Inc. (NASDAQ:CTWS). 9,009 were reported by Manufacturers Life The. American Grp Inc stated it has 7,594 shares or 0% of all its holdings. Nuance Invs Ltd Liability Corp holds 0.66% in Connecticut Water Service, Inc. (NASDAQ:CTWS) or 160,682 shares. 2,588 are owned by Bnp Paribas Arbitrage. Blackrock invested 0% of its portfolio in Connecticut Water Service, Inc. (NASDAQ:CTWS). Blackhill Cap Inc has 0.05% invested in Connecticut Water Service, Inc. (NASDAQ:CTWS) for 4,000 shares.

Nuance Investments Llc, which manages about $507.52M and $1.48B US Long portfolio, decreased its stake in United Bankshares Inc West V (NASDAQ:UBSI) by 506,737 shares to 256,477 shares, valued at $9.04 million in 2018Q1, according to the filing. It also reduced its holding in Clorox Co Del (NYSE:CLX) by 2,552 shares in the quarter, leaving it with 244,834 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

More notable recent Connecticut Water Service, Inc. (NASDAQ:CTWS) news were published by: Nasdaq.com which released: “Connecticut Water Advised of Connecticut Public Utilities Regulatory Authority (PURA) Draft Decision to Dismiss …” on June 08, 2018, also Nasdaq.com with their article: “Report: Exploring Fundamental Drivers Behind Opiant Pharmaceuticals, American Railcar Industries, Omega Flex …” published on May 25, 2018, Gurufocus.com published: “American Water to Buy Sundale Utilities” on May 29, 2018. More interesting news about Connecticut Water Service, Inc. (NASDAQ:CTWS) were released by: Seekingalpha.com and their article: “The Art Of The M&A Deal – Connecticut Water Service” published on June 11, 2018 as well as Businesswire.com‘s news article titled: “SJW Group Advises Stockholders to Take No Action in Response to California Water Service Group’s Unsolicited Cash …” with publication date: June 07, 2018.

Among 2 analysts covering Connecticut Water Service Inc (NASDAQ:CTWS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Connecticut Water Service Inc has $57 highest and $52 lowest target. $55’s average target is -15.07% below currents $64.76 stock price. Connecticut Water Service Inc had 3 analyst reports since September 6, 2016 according to SRatingsIntel. Barclays Capital initiated the stock with “Equal-Weight” rating in Tuesday, September 6 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, September 22.

Investors sentiment increased to 2.09 in 2018 Q1. Its up 0.84, from 1.25 in 2017Q4. It is positive, as 50 investors sold LEN shares while 100 reduced holdings. 92 funds opened positions while 221 raised stakes. 274.75 million shares or 32.49% more from 207.37 million shares in 2017Q4 were reported. Convergence Ptnrs Limited invested 0.01% of its portfolio in Lennar Corporation (NYSE:LEN). Charter Tru accumulated 9,143 shares. Bank & Trust Of Nova Scotia holds 0.02% or 52,566 shares. Oppenheimer And Com stated it has 0.01% in Lennar Corporation (NYSE:LEN). New York-based Stone Ridge Asset Lc has invested 0.08% in Lennar Corporation (NYSE:LEN). Sumitomo Mitsui Trust Hldg Inc reported 0.06% stake. Robeco Institutional Asset Management Bv reported 0.01% of its portfolio in Lennar Corporation (NYSE:LEN). Boothbay Fund Limited Liability Corporation reported 15,993 shares. 336,697 were accumulated by Clough Cap Ptnrs Lp. Bluefin Trading holds 0.84% of its portfolio in Lennar Corporation (NYSE:LEN) for 211,766 shares. Moreover, Lord Abbett & Limited Liability Corp has 0.26% invested in Lennar Corporation (NYSE:LEN). Cubist Systematic Strategies Ltd Limited Liability Company holds 7,008 shares. Edgemoor Inv Advsr Inc holds 293,677 shares or 2.3% of its portfolio. Asset Management Limited Liability Co accumulated 61,497 shares or 3.13% of the stock. Employees Retirement Systems Of Ohio holds 0.04% or 130,761 shares in its portfolio.

Among 26 analysts covering Lennar (NYSE:LEN), 23 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Lennar has $99.0 highest and $45 lowest target. $68.37’s average target is 25.04% above currents $54.68 stock price. Lennar had 74 analyst reports since September 22, 2015 according to SRatingsIntel. On Wednesday, October 4 the stock rating was maintained by BTIG Research with “Buy”. The firm earned “Outperform” rating on Monday, June 27 by Raymond James. The firm has “Buy” rating given on Monday, August 28 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Sunday, August 20 by RBC Capital Markets. The stock has “Neutral” rating by Credit Suisse on Wednesday, March 30. The stock has “Buy” rating by M Partners on Wednesday, October 4. The stock has “Neutral” rating by Citigroup on Wednesday, October 4. The rating was maintained by Barclays Capital with “Overweight” on Thursday, April 7. RBC Capital Markets maintained the shares of LEN in report on Thursday, July 13 with “Buy” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, March 21.

Stelliam Investment Management Lp, which manages about $3.51 billion and $2.39B US Long portfolio, upped its stake in Mosaic Co New (NYSE:MOS) by 565,000 shares to 1.14M shares, valued at $27.74 million in 2018Q1, according to the filing. It also increased its holding in Dycom Inds Inc (NYSE:DY) by 5,500 shares in the quarter, for a total of 468,000 shares, and has risen its stake in Tronox Ltd (NYSE:TROX).

Since January 2, 2018, it had 0 buys, and 16 insider sales for $22.28 million activity. 2,095 shares were sold by SONNENFELD JEFFREY, worth $131,943 on Friday, April 6. JAFFE JONATHAN M sold $1.17 million worth of Lennar Corporation (NYSE:LEN) on Monday, April 2. 50,887 shares valued at $2.58M were sold by McCall Jeffrey Joseph on Wednesday, May 23. Shares for $355,750 were sold by Collins David M on Thursday, January 18. Shares for $156,884 were sold by OLIVERA ARMANDO J on Friday, April 6. $695,000 worth of Lennar Corporation (NYSE:LEN) shares were sold by BESSETTE DIANE J.

More recent Lennar Corporation (NYSE:LEN) news were published by: Digitaljournal.com which released: “Sonoma Ranch Grand Opens New Homes in Plumas Lake Saturday, June 16” on June 13, 2018. Also Seekingalpha.com published the news titled: “Homebuilders end the week up after report shows home prices increase” on June 08, 2018. Digitaljournal.com‘s news article titled: “Lennar is Bringing Everything’s Included® Homes to Maple Hills” with publication date: June 13, 2018 was also an interesting one.

Analysts await Lennar Corporation (NYSE:LEN) to report earnings on June, 19. They expect $0.45 EPS, down 50.55% or $0.46 from last year’s $0.91 per share. LEN’s profit will be $144.83M for 30.38 P/E if the $0.45 EPS becomes a reality. After $1.11 actual EPS reported by Lennar Corporation for the previous quarter, Wall Street now forecasts -59.46% negative EPS growth.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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