BlackRock Inc. boosted its position in Howard Hughes Corp (NYSE:HHC) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,615,141 shares of the financial services provider’s stock after buying an additional 9,063 shares during the quarter. BlackRock Inc. owned approximately 3.76% of Howard Hughes worth $212,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew 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 valued at $119,000 after purchasing an additional 401 shares in the last quarter. Steward Partners Investment Advisory LLC grew 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 valued at $152,000 after purchasing an additional 514 shares in the last quarter. The Manufacturers Life Insurance Company grew 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 valued at $149,000 after purchasing an additional 81 shares in the last quarter. Keybank National Association OH purchased a new position in shares of Howard Hughes in the fourth quarter valued at $211,000. Finally, Abner Herrman & Brock LLC purchased a new position in shares of Howard Hughes in the fourth quarter valued at $216,000. 83.89% of the stock is owned by institutional investors and hedge funds.
In related news, Director Pershing Square Capital Manage sold 2,500,000 shares of the business’s stock in a transaction dated 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 can be accessed through this hyperlink. 20.70% of the stock is owned by insiders.
Howard Hughes Corp (HHC) opened at $136.54 on Friday. Howard Hughes Corp has a 52-week low of $113.64 and a 52-week high of $139.50. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $5,957.84, a PE ratio of 79.90 and a beta of 1.29.
Howard Hughes (NYSE:HHC) last posted its earnings results on Monday, February 26th. The financial services provider reported $3.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $3.19. Howard Hughes had a return on equity of 2.52% and a net margin of 15.31%. The business had revenue of $300.98 million during the quarter, compared to analysts’ expectations of $239.83 million. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. equities research analysts predict that Howard Hughes Corp will post 1.1 EPS for the current year.
HHC has been the subject of several recent research reports. Zacks Investment Research upgraded Howard Hughes from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Sandler O’Neill set a $140.00 price target on Howard Hughes and gave the company a “hold” rating in a research report on Thursday, March 8th.
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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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