BNP Paribas Arbitrage SA decreased its stake in The Howard Hughes Corp. (NYSE:HHC) by 40.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,187 shares of the company’s stock after selling 2,131 shares during the period. BNP Paribas Arbitrage SA’s holdings in The Howard Hughes Corp. were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HHC. First Republic Investment Management Inc. increased its position in shares of The Howard Hughes Corp. by 15.7% in the first quarter. First Republic Investment Management Inc. now owns 3,159 shares of the company’s stock valued at $335,000 after buying an additional 428 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of The Howard Hughes Corp. by 49.4% in the first quarter. Rafferty Asset Management LLC now owns 5,238 shares of the company’s stock valued at $555,000 after buying an additional 1,732 shares in the last quarter. Aperio Group LLC increased its position in shares of The Howard Hughes Corp. by 28.1% in the first quarter. Aperio Group LLC now owns 5,428 shares of the company’s stock valued at $575,000 after buying an additional 1,190 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new position in shares of The Howard Hughes Corp. during the first quarter valued at approximately $651,000. Finally, Babson Capital Management LLC acquired a new position in shares of The Howard Hughes Corp. during the first quarter valued at approximately $719,000. Institutional investors own 80.69% of the company’s stock.

The Howard Hughes Corp. (NYSE:HHC) traded up 0.23% during mid-day trading on Friday, reaching $113.26. The company had a trading volume of 169,323 shares. The stock has a market capitalization of $4.47 billion, a PE ratio of 18.32 and a beta of 1.63. The company’s 50-day moving average is $117.84 and its 200-day moving average is $109.92. The Howard Hughes Corp. has a one year low of $79.33 and a one year high of $130.87.

The Howard Hughes Corp. (NYSE:HHC) last posted its quarterly earnings results on Monday, August 8th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.83. The Howard Hughes Corp. had a return on equity of 12.84% and a net margin of 35.23%. The business had revenue of $272.20 million for the quarter, compared to the consensus estimate of $239.99 million. During the same period in the prior year, the business earned $0.18 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. Equities research analysts anticipate that The Howard Hughes Corp. will post $7.79 earnings per share for the current year.

Several research analysts have recently commented on the company. Compass Point reduced their target price on The Howard Hughes Corp. from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Monday, May 23rd. Citigroup Inc. lifted their price target on The Howard Hughes Corp. from $165.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, TheStreet cut The Howard Hughes Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th.

The 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 development of master planned communities and 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.

5 Day Chart for NYSE:HHC

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