State Street Corp Boosts Stake in Howard Hughes Corporation (The) (NYSE:HHC)

State Street Corp increased its position in shares of Howard Hughes Corporation (The) (NYSE:HHC) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476,835 shares of the financial services provider’s stock after buying an additional 13,561 shares during the period. State Street Corp owned 1.19% of Howard Hughes Corporation (The) worth $55,909,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in HHC. Envestnet Asset Management Inc. raised its stake in shares of Howard Hughes Corporation (The) by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,328 shares of the financial services provider’s stock worth $151,000 after buying an additional 24 shares during the last quarter. Fayez Sarofim & Co acquired a new stake in Howard Hughes Corporation (The) during the first quarter valued at approximately $204,000. Neuberger Berman Group LLC raised its stake in Howard Hughes Corporation (The) by 10.1% in the first quarter. Neuberger Berman Group LLC now owns 1,982 shares of the financial services provider’s stock valued at $232,000 after buying an additional 182 shares in the last quarter. Sawtooth Solutions LLC acquired a new stake in Howard Hughes Corporation (The) during the first quarter valued at approximately $234,000. Finally, Eagle Ridge Investment Management raised its stake 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 in the last quarter. Institutional investors own 86.12% of the company’s stock.

Shares of Howard Hughes Corporation (NYSE HHC) opened at 121.68 on Thursday. The stock has a 50 day moving average of $123.03 and a 200 day moving average of $119.91. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 75.02 and a beta of 1.42. Howard Hughes Corporation has a 12-month low of $101.20 and a 12-month high of $131.39.

Howard Hughes Corporation (The) (NYSE:HHC) last released its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.80. Howard Hughes Corporation (The) had a return on equity of 4.99% and a net margin of 5.69%. The company had revenue of $308.60 million for the quarter, compared to analyst estimates of $217.47 million. During the same period in the previous year, the business posted $0.16 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts forecast that Howard Hughes Corporation will post $2.87 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “State Street Corp Boosts Stake in Howard Hughes Corporation (The) (NYSE:HHC)” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/08/10/state-street-corp-boosts-position-in-howard-hughes-corporation-the-nysehhc-updated-updated-updated.html.

HHC has been the subject of several recent research reports. BidaskClub lowered shares of Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. BWS Financial initiated coverage on shares of Howard Hughes Corporation (The) in a report on Thursday, June 8th. They issued a “buy” rating and a $150.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $149.75.

In other Howard Hughes Corporation (The) news, EVP Christopher John Curry sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $126.62, for a total transaction of $3,798,600.00. Following the sale, the executive vice president now owns 42,935 shares of the company’s stock, valued at $5,436,429.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.70% of the stock is currently owned by company insiders.

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.

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

Receive News & Ratings for Howard Hughes Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply