Jennison Associates LLC Buys New Stake in Howard Hughes Corporation (The) (HHC)

Jennison Associates LLC bought a new position in shares of Howard Hughes Corporation (The) (NYSE:HHC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 625,955 shares of the financial services provider’s stock, valued at approximately $73,819,000. Jennison Associates LLC owned about 1.45% of Howard Hughes Corporation (The) at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Swiss National Bank raised its position in Howard Hughes Corporation (The) by 0.9% during the third quarter. Swiss National Bank now owns 64,100 shares of the financial services provider’s stock worth $7,559,000 after acquiring an additional 600 shares during the last quarter. Bank of Hawaii raised its position in Howard Hughes Corporation (The) by 59.5% during the third quarter. Bank of Hawaii now owns 7,493 shares of the financial services provider’s stock worth $884,000 after acquiring an additional 2,795 shares during the last quarter. Principal Financial Group Inc. raised its position in Howard Hughes Corporation (The) by 5.1% during the third quarter. Principal Financial Group Inc. now owns 1,160,496 shares of the financial services provider’s stock worth $136,857,000 after acquiring an additional 55,941 shares during the last quarter. Becker Capital Management Inc. raised its position in Howard Hughes Corporation (The) by 1.0% during the third quarter. Becker Capital Management Inc. now owns 407,516 shares of the financial services provider’s stock worth $48,058,000 after acquiring an additional 3,963 shares during the last quarter. Finally, Monarch Partners Asset Management LLC raised its position in Howard Hughes Corporation (The) by 2.2% during the third quarter. Monarch Partners Asset Management LLC now owns 159,571 shares of the financial services provider’s stock worth $18,818,000 after acquiring an additional 3,470 shares during the last quarter. Institutional investors own 85.79% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2017/11/13/jennison-associates-llc-buys-new-stake-in-howard-hughes-corporation-the-hhc.html.

HHC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Howard Hughes Corporation (The) from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub cut shares of Howard Hughes Corporation (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th.

Shares of Howard Hughes Corporation (HHC) traded up $0.31 during midday trading on Monday, hitting $121.02. 321,800 shares of the stock were exchanged, compared to its average volume of 189,107. The stock has a market capitalization of $5,234.57, a P/E ratio of 56.82 and a beta of 1.43. Howard Hughes Corporation has a 1-year low of $104.63 and a 1-year high of $131.39. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.99.

Howard Hughes Corporation (The) 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)

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