Swiss National Bank decreased its position in Howard Hughes Corp (NYSE:HHC) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 62,600 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Swiss National Bank’s holdings in Howard Hughes were worth $8,218,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in Howard Hughes by 65.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,011 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 401 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Howard Hughes by 79.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,159 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 514 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Howard Hughes by 7.2% in the 2nd 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 last quarter. Abner Herrman & Brock LLC bought a new stake in Howard Hughes in the 4th quarter worth approximately $216,000. Finally, Stifel Financial Corp bought a new stake in Howard Hughes in the 3rd quarter worth approximately $202,000. 84.87% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised Howard Hughes from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th.
Howard Hughes Corp (HHC) opened at $121.68 on Friday. The firm has a market capitalization of $5,260.00, a P/E ratio of 82.78 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 12-month low of $113.64 and a 12-month high of $133.08.
In other news, Director Pershing Square Capital Manage sold 2,500,000 shares of the business’s stock in a transaction that occurred 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 filing with the SEC, which is accessible through this link. Insiders own 20.70% of the company’s stock.
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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.
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