Natixis Advisors L.P. lessened its position in Howard Hughes Corp (NYSE:HHC) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,554 shares of the financial services provider’s stock after selling 1,516 shares during the quarter. Natixis Advisors L.P. owned approximately 0.12% of Howard Hughes worth $5,032,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Avestar Capital LLC raised its position in Howard Hughes by 49.5% in the 4th quarter. Avestar Capital LLC now owns 996 shares of the financial services provider’s stock valued at $79,000 after buying an additional 330 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Howard Hughes by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 446,911 shares of the financial services provider’s stock worth $55,513,000 after purchasing an additional 6,003 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Howard Hughes by 1.0% during the 3rd quarter. Baillie Gifford & Co. now owns 1,686,271 shares of the financial services provider’s stock worth $209,468,000 after purchasing an additional 16,784 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Howard Hughes by 2.0% during the 3rd quarter. Schroder Investment Management Group now owns 282,562 shares of the financial services provider’s stock worth $35,100,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Equitable Trust Co. acquired a new position in shares of Howard Hughes during the 3rd quarter worth approximately $444,000. 84.25% of the stock is currently owned by institutional investors and hedge funds.
NYSE:HHC opened at $110.35 on Friday. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 83.60 and a beta of 1.28. Howard Hughes Corp has a twelve month low of $89.51 and a twelve month high of $142.36. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98.
Howard Hughes (NYSE:HHC) last posted its quarterly earnings results on Wednesday, February 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.40. The firm had revenue of $464.69 million for the quarter, compared to analyst estimates of $347.02 million. Howard Hughes had a return on equity of 1.80% and a net margin of 5.36%. The business’s quarterly revenue was up 54.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.46 EPS. Research analysts forecast that Howard Hughes Corp will post 0.84 EPS for the current fiscal year.
Separately, Zacks Investment Research raised Howard Hughes from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Friday, March 8th. Three investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $150.50.
In other Howard Hughes news, insider Simon Joseph Treacy bought 2,070 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were acquired at an average cost of $96.29 per share, with a total value of $199,320.30. Following the acquisition, the insider now owns 2,070 shares of the company’s stock, valued at $199,320.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin Orrock sold 771 shares of the business’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $95.90, for a total value of $73,938.90. Following the transaction, the insider now directly owns 7,693 shares in the company, valued at $737,758.70. The disclosure for this sale can be found here. Insiders have acquired a total of 7,361 shares of company stock worth $718,075 in the last ninety days. Insiders own 10.10% 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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