BlackRock Inc. boosted its stake in shares of Howard Hughes Co. (NYSE:HHC) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 3.76% of Howard Hughes worth $212,019,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of HHC. St. James Investment Company LLC acquired a new stake in shares of Howard Hughes in the third quarter valued at approximately $1,389,000. Bank of Montreal Can grew its position in shares of Howard Hughes by 167.7% in the fourth quarter. Bank of Montreal Can now owns 64,256 shares of the financial services provider’s stock valued at $8,435,000 after purchasing an additional 40,254 shares during the last quarter. Keeley Teton Advisors LLC grew its position in shares of Howard Hughes by 13.9% in the third quarter. Keeley Teton Advisors LLC now owns 95,067 shares of the financial services provider’s stock valued at $11,211,000 after purchasing an additional 11,593 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Howard Hughes by 277.8% in the third quarter. Neuberger Berman Group LLC now owns 6,800 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Howard Hughes by 18.8% in the fourth quarter. Jennison Associates LLC now owns 743,602 shares of the financial services provider’s stock valued at $97,613,000 after purchasing an additional 117,647 shares during the last quarter. Institutional investors own 83.88% of the company’s stock.
Howard Hughes Co. (HHC) opened at $136.53 on Friday. 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 stock has a market cap of $5,944.83, a P/E ratio of 79.73 and a beta of 1.29. Howard Hughes Co. has a one year low of $113.64 and a one year high of $139.50.
Howard Hughes (NYSE:HHC) last announced its quarterly earnings data on Monday, February 26th. The financial services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $3.19. The business had revenue of $300.98 million for the quarter, compared to the consensus estimate of $239.83 million. Howard Hughes had a net margin of 15.31% and a return on equity of 2.52%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. research analysts forecast that Howard Hughes Co. will post 1.1 EPS for the current fiscal year.
HHC has been the topic of several research reports. Zacks Investment Research lowered shares of Howard Hughes from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Sandler O’Neill set a $140.00 price target on shares of Howard Hughes and gave the company a “hold” rating in a research report on Thursday, March 8th.
In other Howard Hughes news, EVP Sarah M. Vasquez sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $134.80, for a total transaction of $1,011,000.00. Following the transaction, the executive vice president now owns 11,582 shares of the company’s stock, valued at $1,561,253.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Pershing Square Capital Manage sold 2,500,000 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 20.70% of the company’s stock.
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Howard Hughes Profile
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.
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