Parametrica Management Ltd Takes Position in Howard Hughes Corp (HHC)

Parametrica Management Ltd acquired a new stake in shares of Howard Hughes Corp (NYSE:HHC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,855 shares of the financial services provider’s stock, valued at approximately $244,000.

A number of other large investors also recently made changes to their positions in the business. St. James Investment Company LLC purchased a new position in shares of Howard Hughes in the third quarter worth $1,389,000. Principal Financial Group Inc. grew its holdings in shares of Howard Hughes by 5.1% in the third quarter. Principal Financial Group Inc. now owns 1,160,496 shares of the financial services provider’s stock worth $136,857,000 after acquiring an additional 55,941 shares during the period. Rockefeller Financial Services Inc. bought a new stake in shares of Howard Hughes in the third quarter worth $1,996,000. Becker Capital Management Inc. grew its holdings in shares of Howard Hughes by 1.0% in the third quarter. Becker Capital Management Inc. now owns 407,516 shares of the financial services provider’s stock worth $48,058,000 after acquiring an additional 3,963 shares during the period. Finally, Keeley Teton Advisors LLC grew its holdings in shares of Howard Hughes by 13.9% in the third quarter. Keeley Teton Advisors LLC now owns 95,067 shares of the financial services provider’s stock worth $11,211,000 after acquiring an additional 11,593 shares during the period. Institutional investors and hedge funds own 84.87% of the company’s stock.

Separately, Zacks Investment Research raised Howard Hughes from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th.

In other Howard Hughes news, Director Pershing Square Capital Manage sold 2,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.86, for a total transaction of $319,650,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 20.70% of the company’s stock.

Shares of Howard Hughes Corp (HHC) opened at $122.19 on Wednesday. Howard Hughes Corp has a 52-week low of $113.64 and a 52-week high of $133.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $5,290.00, a PE ratio of 83.12 and a beta of 1.37.

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Howard Hughes Profile

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.

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

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