Ingalls & Snyder LLC lowered its position in shares of Howard Hughes Corp (NYSE:HHC) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,619 shares of the financial services provider’s stock after selling 231 shares during the period. Ingalls & Snyder LLC owned approximately 0.11% of Howard Hughes Corp worth $5,232,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. bought a new stake in Howard Hughes Corp during the first quarter worth $1,441,000. Quantitative Investment Management LLC bought a new stake in Howard Hughes Corp during the first quarter worth $281,000. Stevens Capital Management LP bought a new stake in Howard Hughes Corp during the first quarter worth $766,000. Harris Associates L P increased its stake in Howard Hughes Corp by 1.4% in the first quarter. Harris Associates L P now owns 1,580,163 shares of the financial services provider’s stock worth $185,274,000 after buying an additional 21,665 shares during the last quarter. Finally, Sawtooth Solutions LLC bought a new stake in Howard Hughes Corp during the first quarter worth $234,000. Hedge funds and other institutional investors own 82.48% of the company’s stock.
Howard Hughes Corp (NYSE:HHC) traded up 0.57% during mid-day trading on Friday, hitting $129.70. The stock had a trading volume of 301,622 shares. Howard Hughes Corp has a 12 month low of $101.20 and a 12 month high of $131.39. The firm’s 50-day moving average is $123.13 and its 200 day moving average is $115.14. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 79.96 and a beta of 1.44.
Howard Hughes Corp (NYSE:HHC) last announced its quarterly earnings results on Thursday, February 23rd. The financial services provider reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $1.03. The company had revenue of $278.55 million during the quarter, compared to analysts’ expectations of $262.49 million. Howard Hughes Corp had a return on equity of 12.19% and a net margin of 18.80%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. Equities analysts anticipate that Howard Hughes Corp will post $3.59 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Howard Hughes Corp (HHC) Position Decreased by Ingalls & Snyder LLC” was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://transcriptdaily.com/2017/05/20/howard-hughes-corp-hhc-position-decreased-by-ingalls-snyder-llc.html.
Separately, Sandler O’Neill assumed coverage on Howard Hughes Corp in a research report on Thursday, March 30th. They set a “hold” rating and a $123.00 target price for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $161.00.
In related news, insider Reuben Seth Davidsohn sold 5,981 shares of Howard Hughes Corp stock in a transaction on Friday, March 17th. The stock was sold at an average price of $118.78, for a total transaction of $710,423.18. Following the completion of the sale, the insider now owns 25,684 shares of the company’s stock, valued at $3,050,745.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher John Curry sold 48,317 shares of Howard Hughes Corp stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $116.34, for a total value of $5,621,199.78. Following the sale, the executive vice president now directly owns 61,252 shares of the company’s stock, valued at approximately $7,126,057.68. The disclosure for this sale can be found here. 13.80% of the stock is currently owned by insiders.
Howard Hughes Corp Company 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.
Receive News & Ratings for Howard Hughes Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes Corp and related companies with MarketBeat.com's FREE daily email newsletter.