BlackRock acquired 18.3M Lennar shares worth $1.68B. That's 0.03% of their equity portfolio (488th largest holding). The investor owns 7.38% of the outstanding Lennar stock. The first Lennar trade was made in Q4 2020. Since then BlackRock bought shares eight more times and sold shares on nine occasions. The stake costed the investor $1.64B, netting the investor a gain of 2.3% so far.
Lennar Corp (NYSE: LEN) reports financial results for the fourth quarter after the market close on Tuesday. Here's a rundown of the report.
Co-Chief Executive Stuart Miller said the overall market remained challenged in the quarter even as interest rates moved slightly lower.
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