Allianz Asset Management GmbH Has $52.30 Million Holdings in Howard Hughes Corporation (The) (HHC)
Allianz Asset Management GmbH trimmed its stake in Howard Hughes Corporation (The) (NYSE:HHC) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 443,449 shares of the financial services provider’s stock after selling 35,299 shares during the period. Allianz Asset Management GmbH owned 1.03% of Howard Hughes worth $52,296,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in shares of Howard Hughes by 65.7% in the 3rd 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. Shine Investment Advisory Services Inc. purchased a new stake in shares of Howard Hughes in the 2nd quarter worth about $122,000. Fiduciary Trust Co. purchased a new stake in shares of Howard Hughes in the 2nd quarter worth about $123,000. FNY Managed Accounts LLC purchased a new stake in shares of Howard Hughes in the 2nd quarter worth about $147,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Howard Hughes by 7.2% in the 2nd 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. 85.26% of the stock is owned by hedge funds and other institutional investors.
Shares of Howard Hughes Corporation (HHC) traded down $0.37 during trading on Thursday, hitting $125.03. 152,400 shares of the company traded hands, compared to its average volume of 187,033. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $5,424.02, a price-to-earnings ratio of 58.87 and a beta of 1.41. Howard Hughes Corporation has a 52 week low of $104.63 and a 52 week high of $131.39.
HHC has been the subject of several research analyst reports. Zacks Investment Research raised shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub cut shares of Howard Hughes from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th.
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Howard Hughes 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.
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