MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Lowers Position in The Howard Hughes Co. (NYSE:HHC)

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lessened its stake in The Howard Hughes Co. (NYSE:HHC – Get Rating) by 74.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,180 shares of the financial services provider’s stock after selling 87,745 shares during the period. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income owned about 0.06% of Howard Hughes worth $3,127,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. MIC Capital Management UK LLP purchased a new position in shares of Howard Hughes during the 4th quarter valued at approximately $45,715,000. JPMorgan Chase & Co. lifted its position in shares of Howard Hughes by 100.3% during the 4th quarter. JPMorgan Chase & Co. now owns 212,216 shares of the financial services provider’s stock valued at $21,599,000 after buying an additional 106,277 shares in the last quarter. Flat Footed LLC purchased a new position in shares of Howard Hughes during the 4th quarter valued at approximately $6,680,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Howard Hughes by 3.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,912,600 shares of the financial services provider’s stock valued at $194,664,000 after buying an additional 59,670 shares in the last quarter. Finally, Moody Aldrich Partners LLC purchased a new position in shares of Howard Hughes during the 4th quarter valued at approximately $5,026,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HHC. BMO Capital Markets began coverage on Howard Hughes in a report on Tuesday, July 26th. They issued an “outperform” rating and a $90.00 price objective on the stock. TheStreet lowered Howard Hughes from a “c” rating to a “d+” rating in a report on Friday, July 1st. Piper Sandler decreased their price objective on Howard Hughes to $100.00 in a report on Monday, July 4th. Jefferies Financial Group decreased their price objective on Howard Hughes from $127.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, June 30th. Finally, StockNews.com upgraded Howard Hughes from a “sell” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.25.

Howard Hughes Trading Up 0.1 %

Shares of NYSE:HHC traded up $0.06 during midday trading on Friday, reaching $71.38. 295,251 shares of the company’s stock were exchanged, compared to its average volume of 210,589. The firm’s 50 day simple moving average is $70.44 and its two-hundred day simple moving average is $86.51. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.46 and a quick ratio of 1.61. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 27.24 and a beta of 1.39. The Howard Hughes Co. has a fifty-two week low of $60.04 and a fifty-two week high of $105.51.

Howard Hughes (NYSE:HHC – Get Rating) last issued its quarterly earnings data on Monday, May 9th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.62. Howard Hughes had a return on equity of 3.93% and a net margin of 9.36%. During the same quarter in the prior year, the business posted ($0.55) earnings per share. As a group, sell-side analysts forecast that The Howard Hughes Co. will post 1.72 EPS for the current fiscal year.

Howard Hughes Company Profile

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The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport District; and Strategic Developments. As of December 31, 2020, the Operating Assets segment owned 15 retail, 33 office, 12 multi-family, 3 hospitality, and 13 other operating assets and investments primarily located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii.