The IBM Retirement Fund Reduces Position in Howard Hughes Corporation (The) (HHC)

The IBM Retirement Fund Reduces Position in Howard Hughes Corporation (The) (HHC)

IBM Retirement Fund decreased its position in shares of Howard Hughes Corporation (The) (NYSE:HHC) by 5.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,470 shares of the company’s stock after selling 181 shares during the period. IBM Retirement Fund’s holdings in Howard Hughes Corporation (The) were worth $397,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Howard Hughes Corporation (The) by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 272,372 shares of the company’s stock worth $31,136,000 after buying an additional 22,298 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Howard Hughes Corporation (The) by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,993 shares of the company’s stock worth $571,000 after buying an additional 614 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Howard Hughes Corporation (The) by 10.2% in the second quarter. UBS Asset Management Americas Inc. now owns 26,630 shares of the company’s stock worth $3,045,000 after buying an additional 2,457 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Howard Hughes Corporation (The) by 237.2% in the second quarter. JPMorgan Chase & Co. now owns 13,468 shares of the company’s stock worth $1,539,000 after buying an additional 9,474 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Howard Hughes Corporation (The) by 2.0% in the second quarter. Ameriprise Financial Inc. now owns 36,140 shares of the company’s stock worth $4,132,000 after buying an additional 713 shares during the last quarter. 81.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Corporation (NYSE:HHC) traded down 0.16% during midday trading on Wednesday, hitting $106.37. The stock had a trading volume of 133,531 shares. The company has a market cap of $4.20 billion, a P/E ratio of 24.64 and a beta of 1.52. Howard Hughes Corporation has a one year low of $79.33 and a one year high of $123.99. The stock’s 50-day moving average is $113.64 and its 200-day moving average is $113.52.

Howard Hughes Corporation (The) (NYSE:HHC) last released its quarterly earnings data on Tuesday, November 8th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by $0.11. The company had revenue of $240.80 million for the quarter, compared to analyst estimates of $269.30 million. Howard Hughes Corporation (The) had a net margin of 18.80% and a return on equity of 12.19%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Equities analysts predict that Howard Hughes Corporation will post $4.78 EPS for the current fiscal year.

Separately, CJS Securities began coverage on Howard Hughes Corporation (The) in a research note on Monday, October 31st. They set an “outperform” rating and a $160.00 price target for the company.

In other news, President Grant Herlitz sold 110,000 shares of Howard Hughes Corporation (The) stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $113.01, for a total value of $12,431,100.00. Following the completion of the transaction, the president now owns 348,084 shares in the company, valued at $39,336,972.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Reuben Seth Davidsohn sold 6,950 shares of Howard Hughes Corporation (The) stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $113.84, for a total transaction of $791,188.00. Following the completion of the transaction, the insider now owns 24,612 shares of the company’s stock, valued at approximately $2,801,830.08. The disclosure for this sale can be found here. 13.80% of the stock is currently owned by insiders.

Howard Hughes Corporation (The) Company Profile

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in development of master planned communities and 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.

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