Paloma Partners Management Co bought a new position in shares of Howard Hughes Corp (NYSE:HHC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 117,837 shares of the financial services provider’s stock, valued at approximately $15,468,000. Paloma Partners Management Co owned about 0.27% of Howard Hughes as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. St. James Investment Company LLC acquired a new position in Howard Hughes during the third quarter worth approximately $1,389,000. Bank of Montreal Can increased its position in Howard Hughes by 167.7% during the fourth quarter. Bank of Montreal Can now owns 64,256 shares of the financial services provider’s stock worth $8,435,000 after buying an additional 40,254 shares during the period. Keeley Teton Advisors LLC increased its position in Howard Hughes by 13.9% during the third quarter. Keeley Teton Advisors LLC now owns 95,067 shares of the financial services provider’s stock worth $11,211,000 after buying an additional 11,593 shares during the period. Neuberger Berman Group LLC increased its position in Howard Hughes by 277.8% during the third quarter. Neuberger Berman Group LLC now owns 6,800 shares of the financial services provider’s stock worth $802,000 after buying an additional 5,000 shares during the period. Finally, Jennison Associates LLC increased its position in Howard Hughes by 18.8% during the fourth quarter. Jennison Associates LLC now owns 743,602 shares of the financial services provider’s stock worth $97,613,000 after buying an additional 117,647 shares during the period. Hedge funds and other institutional investors own 83.89% of the company’s stock.
In other news, Director Pershing Square Capital Manage sold 2,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.86, for a total value of $319,650,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 20.70% of the company’s stock.
Howard Hughes Corp (HHC) opened at $136.74 on Monday. The stock has a market capitalization of $5,927.93, a P/E ratio of 35.06 and a beta of 1.29. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.90. Howard Hughes Corp has a twelve month low of $113.64 and a twelve month high of $137.47.
Howard Hughes (NYSE:HHC) last released its earnings results on Monday, February 26th. The financial services provider reported $3.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $3.19. The business had revenue of $300.98 million for the quarter, compared to analyst estimates of $239.83 million. Howard Hughes had a return on equity of 2.52% and a net margin of 15.31%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. sell-side analysts forecast that Howard Hughes Corp will post 1.1 EPS for the current year.
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Howard Hughes 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.
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