Legal & General Group Plc Has $2.04 Million Position in Howard Hughes Corporation (The) (NYSE:HHC)

Legal & General Group Plc boosted its position in shares of Howard Hughes Corporation (The) (NYSE:HHC) by 95.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,392 shares of the financial services provider’s stock after buying an additional 8,516 shares during the period. Legal & General Group Plc’s holdings in Howard Hughes Corporation (The) were worth $2,039,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Howard Hughes Corporation (The) during the first quarter valued at about $147,048,000. Norges Bank bought a new position in shares of Howard Hughes Corporation (The) during the fourth quarter valued at about $38,511,000. Seizert Capital Partners LLC raised its position in shares of Howard Hughes Corporation (The) by 14.8% in the first quarter. Seizert Capital Partners LLC now owns 548,541 shares of the financial services provider’s stock valued at $64,316,000 after buying an additional 70,578 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Howard Hughes Corporation (The) during the first quarter valued at about $5,224,000. Finally, Locust Wood Capital Advisers LLC raised its position in shares of Howard Hughes Corporation (The) by 16.7% in the first quarter. Locust Wood Capital Advisers LLC now owns 311,657 shares of the financial services provider’s stock valued at $36,542,000 after buying an additional 44,654 shares in the last quarter. 86.22% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Corporation (HHC) opened at 121.54 on Tuesday. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 74.93 and a beta of 1.42. The company’s 50-day moving average is $126.03 and its 200 day moving average is $118.18. Howard Hughes Corporation has a 52 week low of $101.20 and a 52 week high of $131.39.

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HHC has been the topic of several research analyst reports. BWS Financial initiated coverage on shares of Howard Hughes Corporation (The) in a research note on Thursday, June 8th. They set a “buy” rating and a $150.00 target price on the stock. Sandler O’Neill initiated coverage on shares of Howard Hughes Corporation (The) in a research note on Thursday, March 30th. They set a “hold” rating and a $123.00 target price on the stock. Finally, BidaskClub raised shares of Howard Hughes Corporation (The) from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company 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 Howard Hughes Corporation (The) stock in a transaction 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 sale, the executive vice president now owns 42,935 shares in the company, valued at $5,436,429.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.80% of the company’s stock.

Howard Hughes Corporation (The) Company Profile

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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