Howard Hughes Corporation (The) (HHC) Position Boosted by Prudential Financial Inc.

Prudential Financial Inc. increased its holdings in Howard Hughes Corporation (The) (NYSE:HHC) by 27.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,262 shares of the financial services provider’s stock after buying an additional 700 shares during the quarter. Prudential Financial Inc.’s holdings in Howard Hughes Corporation (The) were worth $401,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HHC. Bank of New York Mellon Corp grew its holdings in Howard Hughes Corporation (The) by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 128,188 shares of the financial services provider’s stock worth $15,030,000 after buying an additional 1,601 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Howard Hughes Corporation (The) by 19.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 22,277 shares of the financial services provider’s stock worth $2,612,000 after buying an additional 3,647 shares in the last quarter. Sei Investments Co. grew its holdings in Howard Hughes Corporation (The) by 16.1% in the 1st quarter. Sei Investments Co. now owns 3,082 shares of the financial services provider’s stock worth $361,000 after buying an additional 427 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Howard Hughes Corporation (The) by 6.2% in the 1st 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Howard Hughes Corporation (The) by 136.0% in the 1st quarter. JPMorgan Chase & Co. now owns 10,565 shares of the financial services provider’s stock worth $1,238,000 after buying an additional 6,088 shares in the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Corporation (NYSE:HHC) opened at 121.62 on Thursday. Howard Hughes Corporation has a one year low of $101.20 and a one year high of $131.39. The company has a 50-day moving average price of $117.12 and a 200-day moving average price of $121.58. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 86.75 and a beta of 1.41.

Howard Hughes Corporation (The) (NYSE:HHC) last posted its earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.80). Howard Hughes Corporation (The) had a net margin of 5.69% and a return on equity of 4.80%. The firm had revenue of $308.60 million during the quarter, compared to the consensus estimate of $217.47 million. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue was up 12.8% on a year-over-year basis. Equities research analysts anticipate that Howard Hughes Corporation will post $1.11 EPS for the current year.

HHC has been the subject of a number of recent analyst reports. BidaskClub lowered Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research lowered Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $144.33.

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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.

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

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