Consulta Ltd lessened its stake in shares of Howard Hughes Corporation (The) (NYSE:HHC) by 38.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 400,000 shares of the financial services provider’s stock after selling 250,000 shares during the period. Howard Hughes Corporation (The) accounts for approximately 6.0% of Consulta Ltd’s investment portfolio, making the stock its 6th biggest position. Consulta Ltd owned approximately 0.93% of Howard Hughes Corporation (The) worth $49,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HHC. Tower Research Capital LLC TRC acquired a new position in shares of Howard Hughes Corporation (The) during the 1st quarter worth about $104,000. Shine Investment Advisory Services Inc. acquired a new position in shares of Howard Hughes Corporation (The) during the 2nd quarter worth about $122,000. Fiduciary Trust Co. acquired a new position in shares of Howard Hughes Corporation (The) during the 2nd quarter worth about $123,000. FNY Managed Accounts LLC acquired a new position in shares of Howard Hughes Corporation (The) during the 2nd quarter worth about $147,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Howard Hughes Corporation (The) by 6.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,410 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

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Howard Hughes Corporation (NYSE HHC) traded down 0.50% during mid-day trading on Friday, reaching $118.40. 107,897 shares of the company’s stock were exchanged. The stock has a market capitalization of $5.07 billion, a PE ratio of 84.45 and a beta of 1.41. Howard Hughes Corporation has a 1-year low of $101.20 and a 1-year high of $131.39. The firm’s 50-day moving average is $116.96 and its 200 day moving average is $121.45.

Howard Hughes Corporation (The) (NYSE:HHC) last announced its earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.80). The firm had revenue of $308.60 million during the quarter, compared to analysts’ expectations of $217.47 million. Howard Hughes Corporation (The) had a net margin of 5.69% and a return on equity of 4.80%. Howard Hughes Corporation (The)’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. Analysts forecast that Howard Hughes Corporation will post $1.11 earnings per share for the current fiscal year.

HHC has been the subject of several research analyst reports. BidaskClub upgraded shares of Howard Hughes Corporation (The) from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research downgraded shares of Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $144.33.

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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