PM CAPITAL Ltd increased its stake in The Howard Hughes Corp. (NYSE:HHC) by 160.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 305,784 shares of the company’s stock after buying an additional 188,284 shares during the period. The Howard Hughes Corp. accounts for about 5.9% of PM CAPITAL Ltd’s holdings, making the stock its 6th largest position. PM CAPITAL Ltd’s holdings in The Howard Hughes Corp. were worth $34,958,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HHC. Third Avenue Management LLC bought a new stake in shares of The Howard Hughes Corp. during the first quarter valued at about $24,948,000. State Street Corp boosted its position in shares of The Howard Hughes Corp. by 2.2% in the first quarter. State Street Corp now owns 462,002 shares of the company’s stock valued at $48,922,000 after buying an additional 9,985 shares during the period. LPL Financial LLC boosted its position in shares of The Howard Hughes Corp. by 65.0% in the first quarter. LPL Financial LLC now owns 8,082 shares of the company’s stock valued at $823,000 after buying an additional 3,184 shares during the period. Norges Bank purchased a new position in shares of The Howard Hughes Corp. during the fourth quarter valued at approximately $37,583,000. Finally, Barclays PLC boosted its position in shares of The Howard Hughes Corp. by 2,795.7% in the first quarter. Barclays PLC now owns 33,329 shares of the company’s stock valued at $3,500,000 after buying an additional 32,178 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Shares of The Howard Hughes Corp. (NYSE:HHC) traded up 1.87% on Wednesday, hitting $115.59. The company’s stock had a trading volume of 160,245 shares. The Howard Hughes Corp. has a 52 week low of $79.33 and a 52 week high of $130.87. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 18.69 and a beta of 1.63. The stock’s 50-day moving average price is $117.02 and its 200-day moving average price is $110.48.

The Howard Hughes Corp. (NYSE:HHC) last announced its quarterly earnings data on Monday, August 8th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.83. The Howard Hughes Corp. had a return on equity of 12.84% and a net margin of 35.23%. The company had revenue of $272.20 million for the quarter, compared to analysts’ expectations of $239.99 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue was up 30.1% compared to the same quarter last year. Equities analysts expect that The Howard Hughes Corp. will post $7.79 earnings per share for the current fiscal year.

Several brokerages recently commented on HHC. Citigroup Inc. raised their target price on The Howard Hughes Corp. from $165.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. TheStreet cut The Howard Hughes Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th.

The Howard Hughes Corp. Company Profile

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in development of master planned communities and 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.

5 Day Chart for NYSE:HHC

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