UBS Asset Management Americas Inc. grew its position in shares of Howard Hughes Corp (NYSE:HHC) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,780 shares of the financial services provider’s stock after purchasing an additional 422 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.07% of Howard Hughes worth $3,909,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in shares of Howard Hughes by 65.7% during the third quarter. BNP Paribas Arbitrage SA now owns 1,011 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 401 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Howard Hughes by 79.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,159 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 514 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Howard Hughes by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,212 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 81 shares in the last quarter. Keybank National Association OH purchased a new position in shares of Howard Hughes during the fourth quarter valued at about $211,000. Finally, Abner Herrman & Brock LLC purchased a new position in shares of Howard Hughes during the fourth quarter valued at about $216,000. Hedge funds and other institutional investors own 83.89% of the company’s stock.
HHC has been the subject of several recent research reports. Zacks Investment Research lowered Howard Hughes from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Sandler O’Neill set a $140.00 price target on Howard Hughes and gave the stock a “hold” rating in a research report on Thursday, March 8th.
Howard Hughes Corp (NYSE:HHC) opened at $137.43 on Wednesday. The company has a market capitalization of $5,980.38, a PE ratio of 80.20 and a beta of 1.29. Howard Hughes Corp has a 12-month low of $113.64 and a 12-month high of $139.50. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.04 and a quick ratio of 2.04.
Howard Hughes (NYSE:HHC) last released its quarterly earnings results on Monday, February 26th. The financial services provider reported $3.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $3.19. The company had revenue of $300.98 million during 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 firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $1.05 earnings per share. analysts expect that Howard Hughes Corp will post 1.1 EPS for the current year.
About Howard Hughes
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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