Janus Henderson Group PLC bought a new position in shares of Howard Hughes Corp (NYSE:HHC) during the second quarter, Holdings Channel reports. The institutional investor bought 3,300 shares of the financial services provider’s stock, valued at approximately $437,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its position in Howard Hughes by 16.2% in the 1st quarter. Wells Fargo & Company MN now owns 85,676 shares of the financial services provider’s stock worth $11,920,000 after purchasing an additional 11,922 shares during the period. Schwab Charles Investment Management Inc. grew its position in Howard Hughes by 4.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 192,058 shares of the financial services provider’s stock worth $26,722,000 after purchasing an additional 8,475 shares during the period. Aperio Group LLC grew its position in Howard Hughes by 6.2% in the 1st quarter. Aperio Group LLC now owns 18,456 shares of the financial services provider’s stock worth $2,568,000 after purchasing an additional 1,071 shares during the period. Northern Trust Corp grew its position in Howard Hughes by 2.2% in the 1st quarter. Northern Trust Corp now owns 186,536 shares of the financial services provider’s stock worth $25,953,000 after purchasing an additional 3,938 shares during the period. Finally, BlackRock Inc. grew its position in Howard Hughes by 5.2% in the 1st quarter. BlackRock Inc. now owns 1,698,417 shares of the financial services provider’s stock worth $236,302,000 after purchasing an additional 83,276 shares during the period. 84.55% of the stock is currently owned by hedge funds and other institutional investors.

HHC has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “$141.27” rating and issued a $171.00 target price on shares of Howard Hughes in a research report on Wednesday, July 18th. Sandler O’Neill raised shares of Howard Hughes from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Friday, June 1st. Citigroup dropped their price target on shares of Howard Hughes from $160.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, August 13th. Zacks Investment Research upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, TheStreet cut shares of Howard Hughes from a “b-” rating to a “c+” rating in a research note on Tuesday, September 18th. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $159.33.

In other news, insider Paul H. Layne sold 4,928 shares of Howard Hughes stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $137.00, for a total transaction of $675,136.00. Following the transaction, the insider now owns 22,037 shares in the company, valued at approximately $3,019,069. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pershing Square Capital Manage sold 13,685 shares of Howard Hughes stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $125.09, for a total transaction of $1,711,856.65. The disclosure for this sale can be found here. Company insiders own 10.10% of the company’s stock.

Shares of Howard Hughes stock opened at $126.70 on Monday. The firm has a market cap of $5.46 billion, a PE ratio of 81.74 and a beta of 1.20. Howard Hughes Corp has a 1-year low of $115.00 and a 1-year high of $142.36. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.39 and a current ratio of 1.39.

Howard Hughes (NYSE:HHC) last issued its quarterly earnings results on Monday, August 6th. The financial services provider reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.34). The business had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $165.87 million. Howard Hughes had a return on equity of 1.99% and a net margin of 17.29%. The company’s revenue was down 41.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. equities analysts expect that Howard Hughes Corp will post 1.65 EPS for the current fiscal year.

Howard Hughes Company Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.

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

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