Campbell & CO Investment Adviser LLC Takes $282,000 Position in Howard Hughes Corp (NYSE:HHC)

Campbell & CO Investment Adviser LLC purchased a new position in Howard Hughes Corp (NYSE:HHC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,563 shares of the financial services provider’s stock, valued at approximately $282,000.

A number of other hedge funds also recently bought and sold shares of HHC. Comerica Bank grew its holdings in Howard Hughes by 34.4% during the 1st quarter. Comerica Bank now owns 93,268 shares of the financial services provider’s stock worth $10,467,000 after acquiring an additional 23,872 shares in the last quarter. Beacon Financial Group grew its holdings in Howard Hughes by 7.8% during the 1st quarter. Beacon Financial Group now owns 10,515 shares of the financial services provider’s stock worth $1,157,000 after acquiring an additional 757 shares in the last quarter. Pinnacle Financial Partners Inc. bought a new position in Howard Hughes during the 1st quarter worth about $236,000. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Howard Hughes by 240.9% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,817 shares of the financial services provider’s stock valued at $1,630,000 after buying an additional 10,470 shares in the last quarter. Finally, Creative Planning boosted its stake in Howard Hughes by 5.0% in the 4th quarter. Creative Planning now owns 7,121 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 340 shares in the last quarter. 83.93% of the stock is currently owned by institutional investors.

Shares of NYSE:HHC traded up $3.43 during trading on Monday, hitting $127.27. 671,792 shares of the stock traded hands, compared to its average volume of 240,084. The stock has a market capitalization of $5.35 billion, a P/E ratio of 96.42 and a beta of 1.34. The business’s fifty day simple moving average is $105.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.36 and a current ratio of 1.36. Howard Hughes Corp has a 52-week low of $89.51 and a 52-week high of $142.36.

Howard Hughes (NYSE:HHC) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.42 by $0.32. The company had revenue of $353.89 million during the quarter, compared to analyst estimates of $292.82 million. Howard Hughes had a net margin of 6.95% and a return on equity of 2.71%. The firm’s revenue was up 118.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. As a group, equities research analysts anticipate that Howard Hughes Corp will post 3.94 EPS for the current fiscal year.

A number of research firms recently commented on HHC. Zacks Investment Research cut shares of Howard Hughes from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. TheStreet cut shares of Howard Hughes from a “b-” rating to a “c” rating in a research note 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.

Read More: What is a Tariff?

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

Receive News & Ratings for Howard Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes and related companies with MarketBeat.com's FREE daily email newsletter.