Vanguard Group Inc. Sells 12,013 Shares of Howard Hughes Corp (NYSE:HHC)

Vanguard Group Inc. lessened its stake in Howard Hughes Corp (NYSE:HHC) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,813,196 shares of the financial services provider’s stock after selling 12,013 shares during the period. Vanguard Group Inc. owned approximately 13.47% of Howard Hughes worth $719,906,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HHC. Parnassus Investments CA bought a new stake in Howard Hughes in the 2nd quarter worth approximately $49,482,000. Principal Financial Group Inc. grew its position in Howard Hughes by 16.7% in the 1st quarter. Principal Financial Group Inc. now owns 2,161,206 shares of the financial services provider’s stock worth $237,732,000 after purchasing an additional 309,546 shares during the period. PenderFund Capital Management Ltd. grew its position in Howard Hughes by 197.7% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 314,605 shares of the financial services provider’s stock worth $13,179,000 after purchasing an additional 208,923 shares during the period. FMR LLC grew its position in Howard Hughes by 13.5% in the 1st quarter. FMR LLC now owns 826,538 shares of the financial services provider’s stock worth $90,920,000 after purchasing an additional 98,150 shares during the period. Finally, Renaissance Technologies LLC grew its position in Howard Hughes by 587.9% in the 2nd quarter. Renaissance Technologies LLC now owns 96,300 shares of the financial services provider’s stock worth $11,926,000 after purchasing an additional 82,300 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.

Shares of HHC stock traded up $2.48 during mid-day trading on Wednesday, reaching $131.61. 2,423 shares of the company’s stock traded hands, compared to its average volume of 181,424. Howard Hughes Corp has a 12 month low of $89.51 and a 12 month high of $135.42. The firm has a 50 day moving average price of $128.99 and a two-hundred day moving average price of $117.21. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $5.57 billion, a PE ratio of 99.48 and a beta of 1.32.



Howard Hughes (NYSE:HHC) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. Howard Hughes had a net margin of 7.03% and a return on equity of 3.24%. The firm had revenue of $431.32 million during the quarter, compared to the consensus estimate of $397.43 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. The company’s revenue for the quarter was up 138.3% compared to the same quarter last year. As a group, equities analysts expect that Howard Hughes Corp will post 0.45 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on HHC shares. TheStreet downgraded shares of Howard Hughes from a “b-” rating to a “c” rating in a research report on Wednesday, May 29th. Zacks Investment Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 15th.

About Howard Hughes

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.

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

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