Creative Planning lowered its position in Howard Hughes Corp (NYSE:HHC) by 29.0% during the fourth quarter, HoldingsChannel reports. The firm owned 9,197 shares of the financial services provider’s stock after selling 3,750 shares during the period. Creative Planning’s holdings in Howard Hughes were worth $1,207,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in HHC. BNP Paribas Arbitrage SA lifted its holdings in 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 purchasing an additional 401 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in 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 purchasing an additional 81 shares in the last quarter. Advisor Group Inc. lifted its holdings in Howard Hughes by 81.8% in the 2nd quarter. Advisor Group Inc. now owns 1,445 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 650 shares in the last quarter. Stifel Financial Corp purchased a new position in Howard Hughes in the 3rd quarter valued at $202,000. Finally, Boothbay Fund Management LLC purchased a new position in Howard Hughes in the 3rd quarter valued at $212,000. Institutional investors own 86.04% of the company’s stock.
In other Howard Hughes news, Director Pershing Square Capital Manage sold 2,500,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $127.86, for a total value of $319,650,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.70% of the stock is owned by company insiders.
Shares of Howard Hughes Corp (NYSE:HHC) opened at $128.70 on Friday. Howard Hughes Corp has a 52 week low of $105.29 and a 52 week high of $133.08. The stock has a market capitalization of $5,494.23, a price-to-earnings ratio of 88.15 and a beta of 1.41. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.99.
Howard Hughes (NYSE:HHC) last issued its earnings results on Monday, November 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.50). Howard Hughes had a return on equity of 3.27% and a net margin of 5.83%. sell-side analysts anticipate that Howard Hughes Corp will post 0.72 earnings per share for the current fiscal year.
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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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