American International Group Inc. reduced its stake in Howard Hughes Corporation (The) (NYSE:HHC) by 10.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 962 shares of the financial services provider’s stock after selling 111 shares during the period. American International Group Inc.’s holdings in Howard Hughes Corporation (The) were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. 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 valued at $165,000 after buying an additional 82 shares during the period. Eagle Ridge Investment Management increased its stake in shares of Howard Hughes Corporation (The) by 8.1% in the first quarter. Eagle Ridge Investment Management now owns 2,000 shares of the financial services provider’s stock valued at $234,000 after buying an additional 150 shares during the period. Sawtooth Solutions LLC purchased a new stake in shares of Howard Hughes Corporation (The) during the first quarter valued at approximately $234,000. Quantitative Investment Management LLC purchased a new stake in shares of Howard Hughes Corporation (The) during the first quarter valued at approximately $281,000. Finally, IFP Advisors Inc increased its stake in shares of Howard Hughes Corporation (The) by 394.9% in the first quarter. IFP Advisors Inc now owns 2,450 shares of the financial services provider’s stock valued at $287,000 after buying an additional 1,955 shares during the period. 86.12% of the stock is currently owned by institutional investors.

Shares of Howard Hughes Corporation (NYSE HHC) opened at 121.68 on Thursday. 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 $5.21 billion, a P/E ratio of 86.79 and a beta of 1.42. The company’s 50-day moving average is $122.91 and its 200 day moving average is $120.38.

Howard Hughes Corporation (The) (NYSE:HHC) last announced its earnings results on Monday, August 7th. The financial services provider reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.80. The firm had revenue of $308.60 million during the quarter, compared to the consensus estimate of $217.47 million. Howard Hughes Corporation (The) had a return on equity of 4.80% and a net margin of 5.69%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities research analysts predict that Howard Hughes Corporation will post $2.87 earnings per share for the current year.

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Several brokerages recently commented on HHC. BidaskClub downgraded shares of Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. BWS Financial began coverage on shares of Howard Hughes Corporation (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $150.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued 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 company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $126.62, for a total transaction of $3,798,600.00. Following the transaction, the executive vice president now owns 42,935 shares in the company, valued at $5,436,429.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 20.70% of the company’s stock.

Howard Hughes Corporation (The) Company Profile

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

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