Howard Hughes Corp (HHC) Position Increased by Mad River Investors

Mad River Investors lifted its holdings in Howard Hughes Corp (NYSE:HHC) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,079 shares of the financial services provider’s stock after buying an additional 640 shares during the period. Howard Hughes comprises approximately 12.5% of Mad River Investors’ portfolio, making the stock its 2nd biggest position. Mad River Investors owned about 0.20% of Howard Hughes worth $11,431,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of Howard Hughes by 65.7% in the third quarter. BNP Paribas Arbitrage SA now owns 1,011 shares of the financial services provider’s stock worth $119,000 after buying an additional 401 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Howard Hughes 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 buying an additional 81 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Howard Hughes by 79.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,159 shares of the financial services provider’s stock worth $152,000 after buying an additional 514 shares during the period. Advisor Group Inc. boosted its position in shares of Howard Hughes by 81.8% in the second quarter. Advisor Group Inc. now owns 1,445 shares of the financial services provider’s stock worth $178,000 after buying an additional 650 shares during the period. Finally, Stifel Financial Corp acquired a new stake in shares of Howard Hughes in the third quarter worth $202,000. 83.56% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut Howard Hughes from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th.

In related news, Director Pershing Square Capital Manage sold 2,500,000 shares of Howard Hughes stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $127.86, for a total transaction of $319,650,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.70% of the stock is currently owned by company insiders.

Shares of Howard Hughes Corp (HHC) traded up $0.42 during trading on Wednesday, hitting $120.75. The stock had a trading volume of 27,350 shares, compared to its average volume of 287,468. The firm has a market capitalization of $5,200.00, a PE ratio of 81.46 and a beta of 1.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.99. Howard Hughes Corp has a 1-year low of $113.34 and a 1-year high of $133.08.

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Howard Hughes Profile

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 (NYSE:HHC)

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