Aperio Group LLC increased its position in Howard Hughes Corporation (The) (NYSE:HHC) by 49.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,626 shares of the financial services provider’s stock after buying an additional 4,836 shares during the period. Aperio Group LLC’s holdings in Howard Hughes Corporation (The) were worth $1,797,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Pecaut & CO. boosted its stake in shares of Howard Hughes Corporation (The) by 1.9% in the second quarter. Pecaut & CO. now owns 35,225 shares of the financial services provider’s stock worth $4,327,000 after buying an additional 660 shares in the last quarter. Abner Herrman & Brock LLC acquired a new position in Howard Hughes Corporation (The) during the second quarter valued at $202,000. Creative Planning boosted its position in Howard Hughes Corporation (The) by 2.6% in the second quarter. Creative Planning now owns 13,426 shares of the financial services provider’s stock valued at $1,649,000 after buying an additional 340 shares in the last quarter. Menlo Advisors LLC boosted its position in Howard Hughes Corporation (The) by 1.2% in the second quarter. Menlo Advisors LLC now owns 47,843 shares of the financial services provider’s stock valued at $5,877,000 after buying an additional 546 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC boosted its position in Howard Hughes Corporation (The) by 3.6% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 18,900 shares of the financial services provider’s stock valued at $2,322,000 after buying an additional 650 shares in the last quarter. 86.12% of the stock is owned by institutional investors.

Howard Hughes Corporation (NYSE HHC) traded down 0.88% during trading on Thursday, hitting $120.61. The company had a trading volume of 115,693 shares. The stock has a 50-day moving average of $122.91 and a 200-day moving average of $120.38. Howard Hughes Corporation has a one year low of $101.20 and a one year high of $131.39. The stock has a market capitalization of $5.17 billion, a PE ratio of 86.03 and a beta of 1.42.

Howard Hughes Corporation (The) (NYSE:HHC) last issued its earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $308.60 million during the quarter, compared to analyst estimates of $217.47 million. During the same quarter last year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts anticipate that Howard Hughes Corporation will post $2.87 EPS for the current year.

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Several equities analysts recently weighed in on the company. BidaskClub cut Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. BWS Financial assumed coverage on Howard Hughes Corporation (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $150.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $149.75.

In related news, EVP Christopher John Curry sold 30,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $126.62, for a total value of $3,798,600.00. Following the completion of the sale, the executive vice president now directly owns 42,935 shares in the company, valued at approximately $5,436,429.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.70% of the company’s stock.

About Howard Hughes Corporation (The)

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

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