Great West Life Assurance Co. Can Has $891,000 Stake in Howard Hughes Corp (NYSE:HHC)

Great West Life Assurance Co. Can grew its holdings in shares of Howard Hughes Corp (NYSE:HHC) by 7.0% in the first quarter, Holdings Channel reports. The institutional investor owned 8,125 shares of the financial services provider’s stock after acquiring an additional 531 shares during the period. Great West Life Assurance Co. Can’s holdings in Howard Hughes were worth $891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE raised its position in shares of Howard Hughes by 130.0% in the first quarter. US Bancorp DE now owns 4,180 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 2,363 shares during the period. Keybank National Association OH raised its position in shares of Howard Hughes by 22.8% in the first quarter. Keybank National Association OH now owns 2,617 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 486 shares during the period. JPMorgan Chase & Co. raised its position in shares of Howard Hughes by 13.6% in the first quarter. JPMorgan Chase & Co. now owns 11,878 shares of the financial services provider’s stock valued at $1,306,000 after purchasing an additional 1,422 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of Howard Hughes in the first quarter valued at approximately $479,000. Finally, Raymond James & Associates raised its position in shares of Howard Hughes by 8.9% in the first quarter. Raymond James & Associates now owns 30,890 shares of the financial services provider’s stock valued at $3,398,000 after purchasing an additional 2,519 shares during the period. Hedge funds and other institutional investors own 88.48% of the company’s stock.

NYSE HHC opened at $101.84 on Friday. Howard Hughes Corp has a 12-month low of $89.51 and a 12-month high of $142.36. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $4.36 billion, a PE ratio of 77.15 and a beta of 1.23.

Howard Hughes (NYSE:HHC) last posted its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.32. Howard Hughes had a net margin of 6.95% and a return on equity of 2.71%. The company had revenue of $353.89 million for the quarter, compared to analyst estimates of $292.82 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was up 118.9% compared to the same quarter last year. Research analysts predict that Howard Hughes Corp will post 2.65 earnings per share for the current fiscal year.

HHC has been the topic of several research reports. TheStreet raised shares of Howard Hughes from a “c” rating to a “b-” rating in a research report on Friday, April 26th. Zacks Investment Research raised shares of Howard Hughes from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Tuesday, April 16th.

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Howard Hughes Company Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawai‘i.

Further Reading: Growth and Income Funds

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

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