California Public Employees Retirement System grew its stake in shares of Howard Hughes Corp (NYSE:HHC) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,512 shares of the financial services provider’s stock after acquiring an additional 2,012 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Howard Hughes worth $9,259,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of HHC. BNP Paribas Arbitrage SA increased its holdings in shares of Howard Hughes by 65.7% during the third quarter. BNP Paribas Arbitrage SA now owns 1,011 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 401 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Howard Hughes during the second quarter valued at $123,000. FNY Managed Accounts LLC bought a new position in shares of Howard Hughes during the second quarter valued at $147,000. The Manufacturers Life Insurance Company increased its holdings in shares of Howard Hughes by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,212 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 81 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Howard Hughes by 15.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,353 shares of the financial services provider’s stock valued at $166,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 85.26% of the company’s stock.
Separately, Zacks Investment Research raised Howard Hughes from a “strong sell” rating to a “hold” rating in a research report on Wednesday.
Shares of Howard Hughes Corp (NYSE HHC) opened at $127.06 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.99. Howard Hughes Corp has a 12-month low of $104.63 and a 12-month high of $133.08. The company has a market capitalization of $5,500.00, a price-to-earnings ratio of 86.44 and a beta of 1.41.
In other Howard Hughes news, Director Pershing Square Capital Manage sold 2,500,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $127.86, for a total value of $319,650,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 20.70% of the company’s stock.
About Howard Hughes
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.
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