6,000 Shares in Howard Hughes Corporation (The) (HHC) Purchased by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan acquired a new position in Howard Hughes Corporation (The) (NYSE:HHC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,000 shares of the financial services provider’s stock, valued at approximately $708,000.

Other large investors have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Howard Hughes Corporation (The) in the second quarter worth $122,000. Fiduciary Trust Co. acquired a new stake in shares of Howard Hughes Corporation (The) in the second quarter worth $123,000. FNY Managed Accounts LLC acquired a new stake in shares of Howard Hughes Corporation (The) in the second quarter worth $147,000. The Manufacturers Life Insurance Company increased its stake in shares of Howard Hughes Corporation (The) by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,212 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 81 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Howard Hughes Corporation (The) by 15.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,353 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Shares of Howard Hughes Corporation (NYSE:HHC) traded up $0.31 during midday trading on Friday, reaching $121.02. 321,800 shares of the company were exchanged, compared to its average volume of 217,852. Howard Hughes Corporation has a 12-month low of $104.63 and a 12-month high of $131.39. The stock has a market capitalization of $5,234.60, a P/E ratio of 56.82 and a beta of 1.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.79.

A number of research firms have recently weighed in on HHC. BidaskClub lowered shares of Howard Hughes Corporation (The) from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research downgraded shares of Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th.

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About Howard Hughes Corporation (The)

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 Howard Hughes Corporation (The) (NYSE:HHC)

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