Kovitz Investment Group Partners LLC acquired a new position in Howard Hughes Corporation (The) (NYSE:HHC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the financial services provider’s stock, valued at approximately $369,000.

A number of other hedge funds also recently bought and sold shares of HHC. Envestnet Asset Management Inc. increased its position in Howard Hughes Corporation (The) by 6.2% in the first quarter. Envestnet Asset Management Inc. now owns 1,410 shares of the financial services provider’s stock valued at $165,000 after buying an additional 82 shares during the last quarter. Bank of Hawaii increased its position in Howard Hughes Corporation (The) by 2.1% in the first quarter. Bank of Hawaii now owns 4,709 shares of the financial services provider’s stock valued at $552,000 after buying an additional 97 shares during the last quarter. Utah Retirement Systems increased its position in Howard Hughes Corporation (The) by 1.5% in the first quarter. Utah Retirement Systems now owns 6,666 shares of the financial services provider’s stock valued at $782,000 after buying an additional 100 shares during the last quarter. Eagle Ridge Investment Management increased its position 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. Finally, Karpas Strategies LLC increased its position in Howard Hughes Corporation (The) by 1.4% in the first quarter. Karpas Strategies LLC now owns 10,850 shares of the financial services provider’s stock valued at $1,272,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 86.12% of the company’s stock.

Howard Hughes Corporation (NYSE HHC) opened at 121.68 on Thursday. The company’s 50-day moving average is $122.91 and its 200 day moving average is $120.38. Howard Hughes Corporation has a 52 week low of $101.20 and a 52 week high of $131.39. The stock has a market cap of $4.86 billion, a PE ratio of 75.02 and a beta of 1.42.

Howard Hughes Corporation (The) (NYSE:HHC) last released its earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 return on equity of 4.80% and a net margin of 5.69%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. On average, analysts expect that Howard Hughes Corporation will post $2.87 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on HHC shares. BidaskClub downgraded shares of Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. BWS Financial started coverage on shares of Howard Hughes Corporation (The) in a research note on Thursday, June 8th. They issued a “buy” rating and a $150.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Howard Hughes Corporation (The) presently has an average rating of “Hold” and a consensus target price of $149.75.

In related news, EVP Christopher John Curry sold 30,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $126.62, for a total value of $3,798,600.00. Following the completion of the sale, the executive vice president now directly owns 42,935 shares of the company’s stock, valued at approximately $5,436,429.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 20.70% of the company’s stock.

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

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