Bartlett & Co. LLC acquired a new position in shares of Howard Hughes Corp (NYSE:HHC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 530 shares of the financial services provider’s stock, valued at approximately $66,000.
Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Howard Hughes in the 4th quarter valued at approximately $35,360,000. Principal Financial Group Inc. raised its position in shares of Howard Hughes by 16.7% in the 1st quarter. Principal Financial Group Inc. now owns 2,161,206 shares of the financial services provider’s stock valued at $237,732,000 after buying an additional 309,546 shares in the last quarter. FMR LLC grew its holdings in shares of Howard Hughes by 18.9% during the 4th quarter. FMR LLC now owns 728,388 shares of the financial services provider’s stock valued at $71,105,000 after purchasing an additional 115,967 shares during the last quarter. Dalton Greiner Hartman Maher & Co. grew its holdings in shares of Howard Hughes by 534.5% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 66,819 shares of the financial services provider’s stock valued at $7,350,000 after purchasing an additional 56,288 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Howard Hughes by 214.4% during the 4th quarter. Deutsche Bank AG now owns 52,908 shares of the financial services provider’s stock valued at $5,162,000 after purchasing an additional 36,079 shares during the last quarter. 81.84% of the stock is owned by institutional investors.
HHC has been the topic of a number of research reports. Zacks Investment Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Thursday, August 15th. TheStreet downgraded shares of Howard Hughes from a “b-” rating to a “c” rating in a research report on Wednesday, May 29th.
Howard Hughes (NYSE:HHC) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $431.32 million during the quarter, compared to analyst estimates of $397.43 million. Howard Hughes had a return on equity of 3.24% and a net margin of 7.03%. The company’s revenue for the quarter was up 138.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) earnings per share. As a group, analysts anticipate that Howard Hughes Corp will post 0.78 EPS for the current year.
About Howard Hughes
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawai’i.
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