Howard Hughes Corp (HHC) is Villere ST Denis J & Co. LLC’s 7th Largest Position

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Villere ST Denis J & Co. LLC raised its position in Howard Hughes Corp (NYSE:HHC) by 3.9% in the third quarter, HoldingsChannel.com reports. The fund owned 651,758 shares of the financial services provider’s stock after purchasing an additional 24,320 shares during the quarter. Howard Hughes makes up approximately 4.9% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 7th largest holding. Villere ST Denis J & Co. LLC’s holdings in Howard Hughes were worth $80,961,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Legacy Financial Advisors Inc. grew its stake in Howard Hughes by 31.8% in the third quarter. Legacy Financial Advisors Inc. now owns 3,650 shares of the financial services provider’s stock valued at $453,000 after acquiring an additional 880 shares during the period. St. James Investment Company LLC grew its stake in Howard Hughes by 69.8% in the third quarter. St. James Investment Company LLC now owns 209,383 shares of the financial services provider’s stock valued at $26,010,000 after acquiring an additional 86,080 shares during the period. Palo Capital Inc. grew its stake in Howard Hughes by 84.3% in the third quarter. Palo Capital Inc. now owns 8,015 shares of the financial services provider’s stock valued at $996,000 after acquiring an additional 3,665 shares during the period. IFP Advisors Inc grew its stake in Howard Hughes by 44.0% in the third quarter. IFP Advisors Inc now owns 2,561 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 782 shares during the period. Finally, Real Estate Management Services LLC grew its stake in Howard Hughes by 13.9% in the third quarter. Real Estate Management Services LLC now owns 147,100 shares of the financial services provider’s stock valued at $18,273,000 after acquiring an additional 17,900 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Jefferies Financial Group assumed coverage on Howard Hughes in a research note on Monday, July 2nd. They issued a “buy” rating and a $170.00 price objective for the company. TheStreet cut Howard Hughes from a “b-” rating to a “c+” rating in a research note on Tuesday, September 18th. Finally, Citigroup reduced their price objective on Howard Hughes from $160.00 to $157.00 and set a “buy” rating for the company in a research note on Monday, August 13th. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $159.33.

Shares of NYSE:HHC traded up $1.68 during mid-day trading on Tuesday, hitting $107.79. 7,423 shares of the company traded hands, compared to its average volume of 205,011. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 69.65 and a beta of 1.18. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.00. Howard Hughes Corp has a 12-month low of $105.22 and a 12-month high of $142.36.

Howard Hughes (NYSE:HHC) last announced its earnings results on Monday, August 6th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.34). The company had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $165.87 million. Howard Hughes had a net margin of 17.29% and a return on equity of 1.99%. The firm’s quarterly revenue was down 41.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. As a group, equities research analysts expect that Howard Hughes Corp will post 1.65 earnings per share for the current year.

In related news, Director Pershing Square Capital Manage sold 13,685 shares of Howard Hughes stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $125.09, for a total transaction of $1,711,856.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 91,098 shares of company stock worth $11,479,411. 10.10% of the stock is owned by insiders.

Howard Hughes Company Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.

Further Reading: Market Capitalization – What it Means for Investors

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

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