Pecaut & CO. boosted its position in Howard Hughes Corporation (The) (NYSE:HHC) by 1.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 35,775 shares of the financial services provider’s stock after purchasing an additional 550 shares during the period. Howard Hughes Corporation (The) comprises 3.5% of Pecaut & CO.’s investment portfolio, making the stock its 7th biggest position. Pecaut & CO. owned approximately 0.08% of Howard Hughes Corporation (The) worth $4,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Howard Hughes Corporation (The) by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,805,047 shares of the financial services provider’s stock worth $344,572,000 after purchasing an additional 27,263 shares in the last quarter. Baillie Gifford & Co. grew its position in Howard Hughes Corporation (The) by 0.7% in the 2nd quarter. Baillie Gifford & Co. now owns 1,713,962 shares of the financial services provider’s stock worth $210,544,000 after purchasing an additional 11,264 shares in the last quarter. BlackRock Inc. grew its position in Howard Hughes Corporation (The) by 5,170.7% in the 1st quarter. BlackRock Inc. now owns 1,700,839 shares of the financial services provider’s stock worth $199,423,000 after purchasing an additional 1,668,569 shares in the last quarter. Harris Associates L P grew its position in Howard Hughes Corporation (The) by 0.3% in the 2nd quarter. Harris Associates L P now owns 1,585,474 shares of the financial services provider’s stock worth $194,760,000 after purchasing an additional 5,311 shares in the last quarter. Finally, Nomura Holdings Inc. grew its position in Howard Hughes Corporation (The) by 0.3% in the 2nd quarter. Nomura Holdings Inc. now owns 1,505,002 shares of the financial services provider’s stock worth $184,708,000 after purchasing an additional 4,000 shares in the last quarter. 84.01% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on HHC. BidaskClub downgraded shares of Howard Hughes Corporation (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. 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.

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

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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