Howard Hughes Corp (NYSE:HHC) Shares Sold by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. cut its stake in Howard Hughes Corp (NYSE:HHC) by 2.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,575 shares of the financial services provider’s stock after selling 100 shares during the period. Beech Hill Advisors Inc.’s holdings in Howard Hughes were worth $593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Glassman Wealth Services raised its holdings in shares of Howard Hughes by 102.8% during the second quarter. Glassman Wealth Services now owns 509 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 258 shares during the period. Arlington Partners LLC acquired a new stake in shares of Howard Hughes during the second quarter worth $311,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Howard Hughes by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 275,032 shares of the financial services provider’s stock worth $34,060,000 after purchasing an additional 8,041 shares during the period. Aperio Group LLC raised its holdings in shares of Howard Hughes by 24.7% during the second quarter. Aperio Group LLC now owns 17,886 shares of the financial services provider’s stock worth $2,215,000 after purchasing an additional 3,538 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Howard Hughes during the second quarter worth $518,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

HHC stock opened at $125.93 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.04. Howard Hughes Corp has a fifty-two week low of $89.51 and a fifty-two week high of $135.42. The firm’s 50-day simple moving average is $127.34 and its 200 day simple moving average is $119.24. The stock has a market cap of $5.41 billion, a PE ratio of 51.19 and a beta of 1.31.

Howard Hughes (NYSE:HHC) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. Howard Hughes had a net margin of 7.03% and a return on equity of 3.24%. The business had revenue of $431.32 million for the quarter, compared to analysts’ expectations of $397.43 million. During the same quarter last year, the company earned ($0.12) EPS. The company’s revenue for the quarter was up 138.3% compared to the same quarter last year. Equities analysts forecast that Howard Hughes Corp will post 0.78 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a report on Thursday, October 10th.

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.

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

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