Fmr LLC Increases Holdings in Howard Hughes Corp (NYSE:HHC)

FMR LLC lifted its position in shares of Howard Hughes Corp (NYSE:HHC) by 13.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 826,538 shares of the financial services provider’s stock after acquiring an additional 98,150 shares during the quarter. FMR LLC owned approximately 1.92% of Howard Hughes worth $90,920,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. PRW Wealth Management LLC bought a new position in shares of Howard Hughes during the 4th quarter worth $49,000. Atlas Capital Advisors LLC bought a new position in shares of Howard Hughes during the 1st quarter worth $88,000. Squar Milner Financial Services LLC grew its stake in shares of Howard Hughes by 883.3% during the 1st quarter. Squar Milner Financial Services LLC now owns 885 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 795 shares during the period. Avestar Capital LLC grew its stake in shares of Howard Hughes by 46.5% during the 1st quarter. Avestar Capital LLC now owns 1,459 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 463 shares during the period. Finally, BBR Partners LLC bought a new position in shares of Howard Hughes during the 1st quarter worth $225,000. Institutional investors own 83.93% of the company’s stock.

NYSE HHC traded down $0.14 during trading hours on Friday, hitting $130.30. The company had a trading volume of 250,527 shares, compared to its average volume of 656,265. Howard Hughes Corp has a 52 week low of $89.51 and a 52 week high of $140.83. The company’s 50 day moving average is $114.02. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 98.71 and a beta of 1.34.

Howard Hughes (NYSE:HHC) last issued its 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. Howard Hughes had a return on equity of 2.71% and a net margin of 6.95%. The business had revenue of $353.89 million during the quarter, compared to the consensus estimate of $292.82 million. During the same quarter last year, the company earned $0.03 EPS. The firm’s revenue was up 118.9% compared to the same quarter last year. Sell-side analysts forecast that Howard Hughes Corp will post 3.94 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. TheStreet downgraded Virtusa from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th.

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

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