BlueCrest Capital Management Ltd purchased a new position in shares of Howard Hughes Co. (NYSE:HHC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,156 shares of the financial services provider’s stock, valued at approximately $546,000.
Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA lifted 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 worth $119,000 after purchasing an additional 401 shares during the period. Assetmark Inc. lifted its holdings in shares of Howard Hughes by 467.0% during the fourth quarter. Assetmark Inc. now owns 1,100 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 906 shares during the period. The Manufacturers Life Insurance Company lifted 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 worth $149,000 after purchasing an additional 81 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Howard Hughes by 79.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,159 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 514 shares during the period. Finally, Stifel Financial Corp acquired a new position in shares of Howard Hughes during the third quarter worth $202,000. Institutional investors own 83.89% of the company’s stock.
HHC has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Howard Hughes from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Sandler O’Neill set a $140.00 price target on shares of Howard Hughes and gave the stock a “hold” rating in a report on Thursday, March 8th.
Howard Hughes Co. (HHC) opened at $137.94 on Friday. The company has a market cap of $5,898.01, a price-to-earnings ratio of 35.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.04 and a current ratio of 2.04. Howard Hughes Co. has a fifty-two week low of $113.64 and a fifty-two week high of $139.50.
Howard Hughes (NYSE:HHC) last issued its quarterly earnings results on Monday, February 26th. The financial services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $3.19. The company had revenue of $300.98 million for the quarter, compared to analyst estimates of $239.83 million. Howard Hughes had a net margin of 15.31% and a return on equity of 2.52%. Howard Hughes’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share. research analysts forecast that Howard Hughes Co. will post 1.1 EPS for the current year.
In related news, Director Pershing Square Capital Manage sold 2,500,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.86, for a total value of $319,650,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.70% of the stock is owned by insiders.
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Howard Hughes Company Profile
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.
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