ACR Alpine Capital Research LLC Has $6.44 Million Position in Howard Hughes Corp (NYSE:HHC)

ACR Alpine Capital Research LLC lessened its holdings in Howard Hughes Corp (NYSE:HHC) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,512 shares of the financial services provider’s stock after selling 2,936 shares during the period. Howard Hughes accounts for about 0.3% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 16th biggest holding. ACR Alpine Capital Research LLC’s holdings in Howard Hughes were worth $6,436,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Prudential Financial Inc. lifted its stake in shares of Howard Hughes by 4.0% in the 4th quarter. Prudential Financial Inc. now owns 2,592 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 100 shares during the last quarter. Benson Investment Management Company Inc. lifted its stake in shares of Howard Hughes by 0.9% in the 1st quarter. Benson Investment Management Company Inc. now owns 18,540 shares of the financial services provider’s stock valued at $2,039,000 after purchasing an additional 170 shares during the last quarter. Boyar Asset Management Inc. lifted its stake in shares of Howard Hughes by 6.2% in the 1st quarter. Boyar Asset Management Inc. now owns 3,272 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 192 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Howard Hughes by 0.3% in the 4th quarter. California State Teachers Retirement System now owns 62,058 shares of the financial services provider’s stock valued at $6,058,000 after purchasing an additional 207 shares during the last quarter. Finally, Equitable Trust Co. lifted its stake in shares of Howard Hughes by 7.7% in the 4th quarter. Equitable Trust Co. now owns 3,850 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 275 shares during the last quarter. 83.93% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on HHC shares. TheStreet raised shares of Howard Hughes from a “c” rating to a “b-” rating in a research note on Friday, April 26th. Zacks Investment Research raised shares of Howard Hughes from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Tuesday, April 16th.

Shares of HHC opened at $101.43 on Monday. The firm has a market capitalization of $4.38 billion, a P/E ratio of 50.21 and a beta of 1.23. Howard Hughes Corp has a one year low of $89.51 and a one year high of $142.36. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.00.

Howard Hughes (NYSE:HHC) last announced its earnings results on Monday, May 6th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.42 by $0.32. The firm had revenue of $353.89 million for the quarter, compared to the consensus estimate of $292.82 million. Howard Hughes had a net margin of 6.95% and a return on equity of 2.71%. The business’s quarterly revenue was up 118.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. On average, research analysts expect that Howard Hughes Corp will post 2.65 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2019/06/17/acr-alpine-capital-research-llc-has-6-44-million-position-in-howard-hughes-corp-nysehhc.html.

Howard Hughes Company Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawai‘i.

See Also: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Want to see what other hedge funds are holding HHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howard Hughes Corp (NYSE:HHC).

Institutional Ownership by Quarter for Howard Hughes (NYSE:HHC)

Receive News & Ratings for Howard Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes and related companies with MarketBeat.com's FREE daily email newsletter.