Caledonia Private Investments Pty Ltd boosted its holdings in shares of Howard Hughes Corp (NYSE:HHC) by 4.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,101,060 shares of the financial services provider’s stock after purchasing an additional 49,655 shares during the quarter. Howard Hughes comprises 3.6% of Caledonia Private Investments Pty Ltd’s portfolio, making the stock its 8th biggest position. Caledonia Private Investments Pty Ltd’s holdings in Howard Hughes were worth $144,536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. St. James Investment Company LLC purchased a new position in Howard Hughes during the 3rd quarter worth approximately $1,389,000. Bank of Montreal Can raised its position in Howard Hughes by 167.7% during the 4th quarter. Bank of Montreal Can now owns 64,256 shares of the financial services provider’s stock worth $8,435,000 after buying an additional 40,254 shares during the last quarter. Keeley Teton Advisors LLC raised its position in Howard Hughes by 13.9% during the 3rd quarter. Keeley Teton Advisors LLC now owns 95,067 shares of the financial services provider’s stock worth $11,211,000 after buying an additional 11,593 shares during the last quarter. Neuberger Berman Group LLC raised its position in Howard Hughes by 277.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,800 shares of the financial services provider’s stock worth $802,000 after buying an additional 5,000 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Howard Hughes by 18.8% during the 4th quarter. Jennison Associates LLC now owns 743,602 shares of the financial services provider’s stock worth $97,613,000 after buying an additional 117,647 shares during the last quarter. 83.89% of the stock is owned by institutional investors.

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Howard Hughes Corp (HHC) opened at $137.43 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $6,000.00, a P/E ratio of 88.66 and a beta of 1.29. Howard Hughes Corp has a 1-year low of $113.64 and a 1-year high of $139.50.

Howard Hughes (NYSE:HHC) last posted its earnings results on Monday, February 26th. The financial services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $0.27 by $3.19. The firm had revenue of $300.98 million during the quarter, compared to analyst estimates of $239.83 million. Howard Hughes had a net margin of 15.31% and a return on equity of 2.52%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. sell-side analysts anticipate that Howard Hughes Corp will post 1.1 earnings per share for the current year.

HHC has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Sandler O’Neill set a $140.00 price target on shares of Howard Hughes and gave the stock a “hold” rating in a research report on Thursday, March 8th.

In other news, Director Pershing Square Capital Manage sold 2,500,000 shares of Howard Hughes stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $127.86, for a total transaction of $319,650,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.70% of the stock is owned by insiders.

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Howard Hughes 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 (NYSE:HHC)

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