Howard Hughes Corporation (The) (HHC) Position Lifted by Caledonia Private Investments Pty Ltd

Caledonia Private Investments Pty Ltd increased its stake in shares of Howard Hughes Corporation (The) (NYSE:HHC) by 296.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000,257 shares of the financial services provider’s stock after buying an additional 748,116 shares during the quarter. Howard Hughes Corporation (The) comprises approximately 3.4% of Caledonia Private Investments Pty Ltd’s holdings, making the stock its 8th largest position. Caledonia Private Investments Pty Ltd owned 2.32% of Howard Hughes Corporation (The) worth $122,872,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. M&T Bank Corp grew its stake in Howard Hughes Corporation (The) by 1.3% during the 2nd quarter. M&T Bank Corp now owns 2,825 shares of the financial services provider’s stock worth $348,000 after buying an additional 35 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Howard Hughes Corporation (The) by 0.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,520 shares of the financial services provider’s stock worth $2,766,000 after buying an additional 77 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Howard Hughes Corporation (The) by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,212 shares of the financial services provider’s stock worth $149,000 after buying an additional 81 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Howard Hughes Corporation (The) by 6.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,410 shares of the financial services provider’s stock worth $165,000 after buying an additional 82 shares during the last quarter. Finally, Roundview Capital LLC grew its stake in Howard Hughes Corporation (The) by 0.4% during the 2nd quarter. Roundview Capital LLC now owns 25,670 shares of the financial services provider’s stock worth $3,153,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Shares of Howard Hughes Corporation (NYSE HHC) traded down 0.50% on Friday, reaching $118.40. The company had a trading volume of 107,897 shares. Howard Hughes Corporation has a 12 month low of $101.20 and a 12 month high of $131.39. The firm has a market capitalization of $5.07 billion, a PE ratio of 84.45 and a beta of 1.41. The company’s 50-day moving average is $116.96 and its 200 day moving average is $121.45.

Howard Hughes Corporation (The) (NYSE:HHC) last released its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.80). Howard Hughes Corporation (The) had a net margin of 5.69% and a return on equity of 4.80%. The business had revenue of $308.60 million for the quarter, compared to analyst estimates of $217.47 million. During the same period in the prior year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts forecast that Howard Hughes Corporation will post $1.11 earnings per share for the current year.

A number of brokerages recently commented on HHC. Zacks Investment Research downgraded Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th. BidaskClub downgraded Howard Hughes Corporation (The) from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $144.33.

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Howard Hughes Corporation (The) 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.

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

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