5 Cheap Stocks To Invest In (February 2021)

3. Lennar Corporation (NYSE: LEN)

Number of Hedge Funds: 52
P/E Ratio: 10.93

Florida-based title insurance company LEN ranks 3rd on our list of 10 cheap stocks to invest in. The company provides mortgage loans, title insurance and closing services and develops multifamily rental properties. In January 2021, the company’s board of directors approved a stock repurchase program of up to 25 million shares, or about $1 billion, without an end date. The company had repurchased 14 million common shares for $781 million under its prior share buyback program. Lennar’s Q4 results were also strong amid an upbeat housing demand. It posted an EPS of $2.82, crushing past the Street’s estimate of $2.37 per share.

As of the end of the fourth quarter, 52 hedge funds in Insider Monkey’s database of 887 funds held stakes in Lennar Corp. Edgar Wachenheim’s Greenhaven Associates is the biggest stakeholder in the company, with 7.5 million shares, worth $575 million.