Ingalls & Snyder LLC lowered its position in Howard Hughes Corporation (The) (NYSE:HHC) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,510 shares of the financial services provider’s stock after selling 109 shares during the period. Ingalls & Snyder LLC owned about 0.11% of Howard Hughes Corporation (The) worth $5,468,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HHC. Tower Research Capital LLC TRC acquired a new stake in shares of Howard Hughes Corporation (The) during the first quarter worth about $104,000. Envestnet Asset Management Inc. increased its stake in shares of Howard Hughes Corporation (The) by 6.2% in the first quarter. Envestnet Asset Management Inc. now owns 1,410 shares of the financial services provider’s stock worth $165,000 after buying an additional 82 shares during the period. Abner Herrman & Brock LLC acquired a new stake in shares of Howard Hughes Corporation (The) during the second quarter worth about $202,000. Fayez Sarofim & Co acquired a new stake in shares of Howard Hughes Corporation (The) during the first quarter worth about $204,000. Finally, Neuberger Berman Group LLC increased its stake in shares of Howard Hughes Corporation (The) by 10.1% in the first quarter. Neuberger Berman Group LLC now owns 1,982 shares of the financial services provider’s stock worth $232,000 after buying an additional 182 shares during the period. 85.96% of the stock is owned by institutional investors.

Shares of Howard Hughes Corporation (NYSE HHC) opened at 125.41 on Friday. Howard Hughes Corporation has a 12-month low of $101.20 and a 12-month high of $131.39. The stock has a market capitalization of $5.01 billion, a P/E ratio of 77.32 and a beta of 1.42. The stock has a 50 day moving average price of $122.96 and a 200 day moving average price of $119.78.

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A number of brokerages have issued reports on HHC. BidaskClub raised Howard Hughes Corporation (The) from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. BWS Financial began coverage on Howard Hughes Corporation (The) in a report on Thursday, June 8th. They set a “buy” rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Howard Hughes Corporation (The) currently has an average rating of “Hold” and a consensus price target of $149.75.

In other news, EVP Christopher John Curry sold 30,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $126.62, for a total transaction of $3,798,600.00. Following the completion of the sale, the executive vice president now directly owns 42,935 shares in the company, valued at $5,436,429.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.80% of the stock is owned by company insiders.

About Howard Hughes Corporation (The)

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 Corporation (The) (NYSE:HHC)

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