Caledonia Private Investments Pty Ltd Has $123.99 Million Position in Howard Hughes Corporation (The) (HHC)

Caledonia Private Investments Pty Ltd increased its stake in Howard Hughes Corporation (The) (NYSE:HHC) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,051,405 shares of the financial services provider’s stock after buying an additional 51,148 shares during the period. Howard Hughes accounts for about 3.6% of Caledonia Private Investments Pty Ltd’s portfolio, making the stock its 7th largest position. Caledonia Private Investments Pty Ltd owned 2.43% of Howard Hughes worth $123,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Howard Hughes by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,805,047 shares of the financial services provider’s stock worth $344,572,000 after buying an additional 27,263 shares during the period. Baillie Gifford & Co. increased its stake in Howard Hughes by 0.7% in the 2nd quarter. Baillie Gifford & Co. now owns 1,713,962 shares of the financial services provider’s stock worth $210,544,000 after buying an additional 11,264 shares during the period. Harris Associates L P increased its stake in Howard Hughes by 0.3% in the 2nd quarter. Harris Associates L P now owns 1,585,474 shares of the financial services provider’s stock worth $194,760,000 after buying an additional 5,311 shares during the period. Nomura Holdings Inc. increased its stake in Howard Hughes by 0.3% in the 2nd quarter. Nomura Holdings Inc. now owns 1,505,002 shares of the financial services provider’s stock worth $184,708,000 after buying an additional 4,000 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Howard Hughes by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,160,496 shares of the financial services provider’s stock worth $136,857,000 after buying an additional 55,941 shares during the period. 85.26% of the stock is currently owned by institutional investors.

Howard Hughes Corporation (HHC) traded down $0.53 during midday trading on Wednesday, reaching $125.40. 216,500 shares of the company’s stock were exchanged, compared to its average volume of 187,181. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The stock has a market cap of $5,446.95, a P/E ratio of 59.12 and a beta of 1.41. Howard Hughes Corporation has a 1-year low of $104.63 and a 1-year high of $131.39.

A number of research firms have commented on HHC. Zacks Investment Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Howard Hughes from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th.

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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.

Institutional Ownership by Quarter for Howard Hughes (NYSE:HHC)

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