Caledonia Private Investments Pty Ltd raised its holdings in shares of Howard Hughes Corp (NYSE:HHC) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,101,060 shares of the financial services provider’s stock after purchasing an additional 49,655 shares during the period. Howard Hughes accounts for about 3.6% of Caledonia Private Investments Pty Ltd’s portfolio, making the stock its 8th largest position. Caledonia Private Investments Pty Ltd owned 2.57% of Howard Hughes worth $144,536,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Howard Hughes by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,212 shares of the financial services provider’s stock valued at $149,000 after buying an additional 81 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Howard Hughes by 42.9% in the 3rd quarter. Nationwide Fund Advisors now owns 25,252 shares of the financial services provider’s stock valued at $2,978,000 after buying an additional 7,579 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of Howard Hughes by 9.6% in the 3rd quarter. Aperio Group LLC now owns 16,030 shares of the financial services provider’s stock valued at $1,890,000 after buying an additional 1,404 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Howard Hughes by 0.9% in the 3rd quarter. Swiss National Bank now owns 64,100 shares of the financial services provider’s stock valued at $7,559,000 after buying an additional 600 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Howard Hughes by 65.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,011 shares of the financial services provider’s stock valued at $119,000 after buying an additional 401 shares in the last quarter. 83.89% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on HHC. Sandler O’Neill set a $140.00 price target on shares of Howard Hughes and gave the company a “hold” rating in a report on Thursday, March 8th. Zacks Investment Research cut shares of Howard Hughes from a “hold” rating to a “sell” rating in a report on Friday, March 2nd.
Howard Hughes (NYSE:HHC) last released its earnings results on Monday, February 26th. The financial services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $3.19. The company had revenue of $300.98 million during the quarter, compared to analysts’ expectations of $239.83 million. Howard Hughes had a net margin of 15.31% and a return on equity of 2.52%. Howard Hughes’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. analysts anticipate that Howard Hughes Corp will post 1.1 earnings per share for the current fiscal year.
In related news, Director Pershing Square Capital Manage sold 2,500,000 shares of Howard Hughes stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $127.86, for a total value of $319,650,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.70% of the stock is owned by company insiders.
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Howard Hughes 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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