Norman Fields Gottscho Capital Management LLC lowered its position in shares of Howard Hughes Corp (NYSE:HHC) by 14.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,845 shares of the financial services provider’s stock after selling 3,090 shares during the quarter. Howard Hughes accounts for approximately 1.2% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in Howard Hughes were worth $2,313,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in HHC. AdvisorNet Financial Inc boosted its position in shares of Howard Hughes by 75.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 350 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 150 shares during the period. Sandy Spring Bank acquired a new position in shares of Howard Hughes in the 2nd quarter valued at $49,000. NumerixS Investment Technologies Inc acquired a new position in shares of Howard Hughes in the 2nd quarter valued at $62,000. Glassman Wealth Services boosted its position in shares of Howard Hughes by 102.8% in the 2nd quarter. Glassman Wealth Services now owns 509 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 258 shares during the period. Finally, Bartlett & Co. LLC acquired a new position in shares of Howard Hughes in the 2nd quarter valued at $66,000. 84.08% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 3rd.
Howard Hughes stock traded up $1.32 during mid-day trading on Wednesday, hitting $123.20. The company’s stock had a trading volume of 177,715 shares, compared to its average volume of 230,511. The firm’s 50 day moving average is $128.37 and its 200 day moving average is $118.51. The company has a market cap of $5.26 billion, a PE ratio of 93.38 and a beta of 1.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.64. Howard Hughes Corp has a 52-week low of $89.51 and a 52-week high of $135.42.
Howard Hughes (NYSE:HHC) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $431.32 million during the quarter, compared to the consensus estimate of $397.43 million. Howard Hughes had a return on equity of 3.24% and a net margin of 7.03%. The business’s revenue for the quarter was up 138.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) EPS. As a group, analysts forecast that Howard Hughes Corp will post 0.78 EPS for the current year.
Howard Hughes 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.
Read More: Conference Calls and Individual Investors
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).
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.