Howard Hughes Corp (HHC) Holdings Raised by US Bancorp DE

US Bancorp DE boosted its stake in shares of Howard Hughes Corp (NYSE:HHC) by 16.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,314 shares of the financial services provider’s stock after purchasing an additional 620 shares during the quarter. US Bancorp DE’s holdings in Howard Hughes were worth $536,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. State of Alaska Department of Revenue increased its stake in shares of Howard Hughes by 49.0% during the second quarter. State of Alaska Department of Revenue now owns 4,286 shares of the financial services provider’s stock worth $567,000 after purchasing an additional 1,410 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Howard Hughes by 19.8% during the second quarter. Xact Kapitalforvaltning AB now owns 6,058 shares of the financial services provider’s stock worth $803,000 after purchasing an additional 1,000 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Howard Hughes during the second quarter worth about $6,140,000. Amalgamated Bank increased its stake in shares of Howard Hughes by 16.1% during the second quarter. Amalgamated Bank now owns 8,061 shares of the financial services provider’s stock worth $1,068,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Howard Hughes during the second quarter worth about $130,000. 85.74% of the stock is owned by hedge funds and other institutional investors.

HHC has been the subject of a number of research reports. Citigroup cut their target price on shares of Howard Hughes from $160.00 to $157.00 and set a “buy” rating for the company in a research note on Monday, August 13th. 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 given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $160.00.

In other Howard Hughes news, Director Allen J. Model purchased 1,000 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were purchased at an average cost of $108.98 per share, for a total transaction of $108,980.00. Following the completion of the transaction, the director now owns 17,062 shares of the company’s stock, valued at approximately $1,859,416.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Grant Herlitz purchased 4,570 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were acquired at an average price of $109.39 per share, for a total transaction of $499,912.30. Following the completion of the transaction, the president now directly owns 154,503 shares of the company’s stock, valued at approximately $16,901,083.17. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 55,570 shares of company stock worth $6,078,392 and have sold 990,745 shares worth $109,891,796. Insiders own 10.10% of the company’s stock.

HHC stock opened at $107.14 on Monday. The stock has a market cap of $4.61 billion, a PE ratio of 69.12 and a beta of 1.20. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.28 and a quick ratio of 1.28. Howard Hughes Corp has a 52 week low of $104.83 and a 52 week high of $142.36.

Howard Hughes (NYSE:HHC) last posted its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). The business had revenue of $257.00 million for the quarter, compared to analyst estimates of $191.77 million. Howard Hughes had a return on equity of 2.38% and a net margin of 18.75%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. As a group, equities analysts anticipate that Howard Hughes Corp will post 1.65 EPS for the current fiscal year.

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Howard Hughes 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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