Becker Capital Management Inc. raised its position in shares of Howard Hughes Corporation (The) (NYSE:HHC) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 407,516 shares of the financial services provider’s stock after purchasing an additional 3,963 shares during the period. Howard Hughes Corporation (The) accounts for approximately 1.7% of Becker Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Becker Capital Management Inc. owned 0.95% of Howard Hughes Corporation (The) worth $48,058,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HHC. Shine Investment Advisory Services Inc. bought a new position in Howard Hughes Corporation (The) during the second quarter valued at $122,000. Fiduciary Trust Co. bought a new position in Howard Hughes Corporation (The) during the second quarter valued at $123,000. FNY Managed Accounts LLC bought a new position in Howard Hughes Corporation (The) during the second quarter valued at $147,000. The Manufacturers Life Insurance Company grew its holdings in Howard Hughes Corporation (The) 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 purchasing an additional 81 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Howard Hughes Corporation (The) 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 purchasing an additional 182 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Corporation (NYSE:HHC) traded down $4.27 during trading on Tuesday, hitting $123.39. The stock had a trading volume of 111,623 shares, compared to its average volume of 202,260. The company has a market capitalization of $5,330.00, a price-to-earnings ratio of 42.31 and a beta of 1.43. Howard Hughes Corporation has a 52-week low of $101.20 and a 52-week high of $131.39. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.01.

Howard Hughes Corporation (The) (NYSE:HHC) last posted its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.80). Howard Hughes Corporation (The) had a return on equity of 4.80% and a net margin of 5.69%. The company had revenue of $308.60 million during the quarter, compared to analysts’ expectations of $217.47 million. During the same period in the prior year, the business posted $0.16 EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. research analysts forecast that Howard Hughes Corporation will post 1.7 earnings per share for the current year.

Several equities analysts have weighed in on HHC shares. Zacks Investment Research raised Howard Hughes Corporation (The) from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub lowered Howard Hughes Corporation (The) from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th.

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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.

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

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