Parametrica Management Ltd bought a new stake in Howard Hughes Corp (NYSE:HHC) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,855 shares of the financial services provider’s stock, valued at approximately $244,000.
Several other large investors have also recently added to or reduced their stakes in HHC. Jennison Associates LLC bought a new position in shares of Howard Hughes in the third quarter valued at $73,819,000. Janus Henderson Group PLC bought a new position in shares of Howard Hughes in the second quarter valued at $37,023,000. Epoch Investment Partners Inc. grew its stake in shares of Howard Hughes by 45.3% in the third quarter. Epoch Investment Partners Inc. now owns 337,229 shares of the financial services provider’s stock valued at $39,770,000 after buying an additional 105,208 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Howard Hughes by 111.3% in the third quarter. JPMorgan Chase & Co. now owns 195,176 shares of the financial services provider’s stock valued at $22,921,000 after buying an additional 102,794 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Howard Hughes by 54.2% in the third quarter. Schroder Investment Management Group now owns 252,171 shares of the financial services provider’s stock valued at $29,615,000 after buying an additional 88,667 shares in the last quarter. 83.58% of the stock is owned by institutional investors and hedge funds.
In other Howard Hughes news, Director Pershing Square Capital Manage sold 2,500,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $127.86, for a total transaction of $319,650,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.70% of the company’s stock.
Separately, Zacks Investment Research raised shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th.
Shares of Howard Hughes Corp (NYSE:HHC) opened at $120.01 on Tuesday. Howard Hughes Corp has a twelve month low of $108.21 and a twelve month high of $133.08. The stock has a market capitalization of $5,350.94, a price-to-earnings ratio of 58.53 and a beta of 1.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.99.
Howard Hughes (NYSE:HHC) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.50). Howard Hughes had a net margin of 5.83% and a return on equity of 3.27%. The business had revenue of $258.74 million for the quarter, compared to analyst estimates of $336.11 million. equities research analysts expect that Howard Hughes Corp will post 0.72 earnings per share for the current fiscal year.
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About Howard Hughes
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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