Howard Hughes Corp (NYSE:HHC) Shares Sold by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC trimmed its stake in shares of Howard Hughes Corp (NYSE:HHC) by 45.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,476 shares of the financial services provider’s stock after selling 104,562 shares during the quarter. Howard Hughes comprises 1.2% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 22nd biggest holding. Locust Wood Capital Advisers LLC owned 0.29% of Howard Hughes worth $15,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Independent Investors Inc. lifted its holdings in shares of Howard Hughes by 0.3% in the 2nd quarter. Independent Investors Inc. now owns 34,180 shares of the financial services provider’s stock valued at $4,232,000 after buying an additional 100 shares during the period. Lederer & Associates Investment Counsel CA lifted its holdings in shares of Howard Hughes by 1.2% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 9,170 shares of the financial services provider’s stock valued at $1,136,000 after buying an additional 110 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of Howard Hughes by 75.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 350 shares of the financial services provider’s stock valued at $43,000 after buying an additional 150 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Howard Hughes by 7.9% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 2,239 shares of the financial services provider’s stock valued at $246,000 after buying an additional 163 shares during the period. Finally, Boyar Asset Management Inc. lifted its holdings in shares of Howard Hughes by 6.2% in the 1st quarter. Boyar Asset Management Inc. now owns 3,272 shares of the financial services provider’s stock valued at $360,000 after buying an additional 192 shares during the period. 82.75% of the stock is owned by institutional investors.

Several analysts have recently commented on the company. TheStreet cut Howard Hughes from a “b-” rating to a “c” rating in a report on Wednesday, May 29th. Zacks Investment Research raised Howard Hughes from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Friday, July 12th.

NYSE HHC opened at $131.26 on Friday. Howard Hughes Corp has a 1-year low of $89.51 and a 1-year high of $136.55. The stock has a market cap of $5.82 billion, a P/E ratio of 99.44 and a beta of 1.33. The company has a 50 day moving average price of $122.07. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.00.

Howard Hughes (NYSE:HHC) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.32. Howard Hughes had a return on equity of 2.71% and a net margin of 6.95%. The firm had revenue of $353.89 million during the quarter, compared to the consensus estimate of $292.82 million. During the same period last year, the business posted $0.03 EPS. Howard Hughes’s quarterly revenue was up 118.9% on a year-over-year basis. Equities research analysts anticipate that Howard Hughes Corp will post 3.94 earnings per share for the current year.

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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