Squar Milner Financial Services LLC lessened its holdings in Howard Hughes Corp (NYSE:HHC) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 690 shares of the financial services provider’s stock after selling 195 shares during the quarter. Squar Milner Financial Services LLC’s holdings in Howard Hughes were worth $85,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of HHC. Norges Bank bought a new position in Howard Hughes in the 4th quarter valued at approximately $35,360,000. Principal Financial Group Inc. raised its holdings in Howard Hughes by 16.7% in the 1st quarter. Principal Financial Group Inc. now owns 2,161,206 shares of the financial services provider’s stock valued at $237,732,000 after buying an additional 309,546 shares during the last quarter. FMR LLC raised its holdings in Howard Hughes by 18.9% in the 4th quarter. FMR LLC now owns 728,388 shares of the financial services provider’s stock valued at $71,105,000 after buying an additional 115,967 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its holdings in Howard Hughes by 534.5% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 66,819 shares of the financial services provider’s stock valued at $7,350,000 after buying an additional 56,288 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Howard Hughes by 214.4% in the 4th quarter. Deutsche Bank AG now owns 52,908 shares of the financial services provider’s stock valued at $5,162,000 after buying an additional 36,079 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.
Howard Hughes stock traded down $1.23 during mid-day trading on Wednesday, hitting $126.85. 2,928 shares of the stock were exchanged, compared to its average volume of 218,154. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. Howard Hughes Corp has a 12 month low of $89.51 and a 12 month high of $136.49. The firm’s fifty day moving average price is $124.28. The firm has a market capitalization of $5.47 billion, a PE ratio of 96.05 and a beta of 1.33.
A number of research analysts recently issued reports on HHC shares. Zacks Investment Research upgraded shares of Howard Hughes from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, July 12th. TheStreet lowered shares of Howard Hughes from a “b-” rating to a “c” rating in a report on Wednesday, May 29th.
Howard Hughes Company Profile
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawai’i.
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