The Howard Hughes Co. (HHC) Stake Raised by Loeb Partners Corp

Loeb Partners Corp increased its holdings in The Howard Hughes Co. (NYSE:HHC) by 28.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,500 shares of the financial services provider’s stock after buying an additional 1,000 shares during the period. Loeb Partners Corp’s holdings in The Howard Hughes were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of HHC. UBS Asset Management Americas Inc. increased its position in shares of The Howard Hughes by 19.6% during the first quarter. UBS Asset Management Americas Inc. now owns 22,277 shares of the financial services provider’s stock worth $2,612,000 after purchasing an additional 3,647 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of The Howard Hughes by 6.2% during the first quarter. Envestnet Asset Management Inc. now owns 1,410 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 82 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of The Howard Hughes by 136.0% during the first quarter. JPMorgan Chase & Co. now owns 10,565 shares of the financial services provider’s stock worth $1,238,000 after purchasing an additional 6,088 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of The Howard Hughes by 10.1% during the first quarter. Neuberger Berman Group LLC now owns 1,982 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 182 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of The Howard Hughes by 95.9% during the first quarter. Legal & General Group Plc now owns 17,392 shares of the financial services provider’s stock worth $2,039,000 after purchasing an additional 8,516 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Shares of The Howard Hughes Co. (NYSE:HHC) traded up $0.31 during mid-day trading on Friday, hitting $121.02. The stock had a trading volume of 321,800 shares, compared to its average volume of 189,107. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.79 and a current ratio of 1.74. The Howard Hughes Co. has a 1-year low of $104.63 and a 1-year high of $131.39. The firm has a market capitalization of $5,221.16, a P/E ratio of 56.67 and a beta of 1.43.

HHC has been the topic of a number of recent analyst reports. Zacks Investment Research raised The Howard Hughes from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub downgraded The Howard Hughes from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th.

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About The Howard Hughes

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.

Institutional Ownership by Quarter for The Howard Hughes (NYSE:HHC)

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