Nomura Holdings Inc. Acquires 4,000 Shares of Howard Hughes Corporation (The) (HHC)

Nomura Holdings Inc. grew its holdings in Howard Hughes Corporation (The) (NYSE:HHC) by 0.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,505,002 shares of the financial services provider’s stock after buying an additional 4,000 shares during the period. Howard Hughes Corporation (The) makes up 0.5% of Nomura Holdings Inc.’s portfolio, making the stock its 18th largest holding. Nomura Holdings Inc. owned approximately 3.48% of Howard Hughes Corporation (The) worth $184,708,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Howard Hughes Corporation (The) by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 2,777,784 shares of the financial services provider’s stock worth $325,695,000 after buying an additional 146,116 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Howard Hughes Corporation (The) by 6.4% during the 2nd quarter. Principal Financial Group Inc. now owns 1,104,555 shares of the financial services provider’s stock worth $135,683,000 after purchasing an additional 66,328 shares during the period. ACR Alpine Capital Research LLC boosted its stake in shares of Howard Hughes Corporation (The) by 32.8% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 25,100 shares of the financial services provider’s stock worth $3,083,000 after purchasing an additional 6,200 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Howard Hughes Corporation (The) by 0.7% during the 2nd quarter. Baillie Gifford & Co. now owns 1,713,962 shares of the financial services provider’s stock worth $210,544,000 after purchasing an additional 11,264 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Howard Hughes Corporation (The) by 5,170.7% during the 1st quarter. BlackRock Inc. now owns 1,700,839 shares of the financial services provider’s stock worth $199,423,000 after purchasing an additional 1,668,569 shares during the period. 83.87% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the stock. BidaskClub cut shares of Howard Hughes Corporation (The) from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research cut shares of Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $144.33.

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Howard Hughes Corporation (NYSE:HHC) traded up 0.31% during trading on Tuesday, hitting $118.31. 39,571 shares of the company were exchanged. Howard Hughes Corporation has a 12 month low of $101.20 and a 12 month high of $131.39. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 84.39 and a beta of 1.41. The stock’s 50-day moving average is $116.96 and its 200-day moving average is $121.54.

Howard Hughes Corporation (The) (NYSE:HHC) last released its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.80). Howard Hughes Corporation (The) had a return on equity of 4.80% and a net margin of 5.69%. The firm had revenue of $308.60 million for the quarter, compared to analyst estimates of $217.47 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. Howard Hughes Corporation (The)’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts anticipate that Howard Hughes Corporation will post $1.11 earnings per share for the current year.

About Howard Hughes Corporation (The)

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)

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