Victory Capital Management Inc. raised its stake in Howard Hughes Corporation (The) (NYSE:HHC) by 122.0% during the first quarter, Holdings Channel reports. The fund owned 13,244 shares of the financial services provider’s stock after buying an additional 7,278 shares during the period. Victory Capital Management Inc.’s holdings in Howard Hughes Corporation (The) were worth $1,553,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HHC. Envestnet Asset Management Inc. increased its stake in Howard Hughes Corporation (The) by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,328 shares of the financial services provider’s stock valued at $151,000 after buying an additional 24 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in Howard Hughes Corporation (The) by 0.4% in the fourth quarter. First Allied Advisory Services Inc. now owns 1,838 shares of the financial services provider’s stock valued at $210,000 after buying an additional 8 shares during the last quarter. Eagle Ridge Investment Management increased its stake in Howard Hughes Corporation (The) by 8.1% in the first quarter. Eagle Ridge Investment Management now owns 2,000 shares of the financial services provider’s stock valued at $234,000 after buying an additional 150 shares during the last quarter. Sawtooth Solutions LLC acquired a new stake in Howard Hughes Corporation (The) during the first quarter valued at approximately $234,000. Finally, Menta Capital LLC acquired a new stake in Howard Hughes Corporation (The) during the fourth quarter valued at approximately $260,000. 86.47% of the stock is owned by institutional investors.

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

Howard Hughes Corporation (NYSE:HHC) opened at 125.48 on Friday. The company’s 50-day moving average is $126.50 and its 200 day moving average is $117.75. Howard Hughes Corporation has a 12-month low of $101.20 and a 12-month high of $131.39. The stock has a market capitalization of $5.01 billion, a PE ratio of 77.36 and a beta of 1.40.

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Several equities research analysts have recently commented on the stock. Sandler O’Neill assumed coverage on shares of Howard Hughes Corporation (The) in a research report on Thursday, March 30th. They set a “hold” rating and a $123.00 target price for the company. BWS Financial assumed coverage on shares of Howard Hughes Corporation (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $150.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $149.75.

In other Howard Hughes Corporation (The) 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 transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.80% of the stock is currently owned by company insiders.

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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