December 1, 2016 - By Adrian Mccoy · 0 Comments
Howard Hughes Corp (NYSE:HHC) institutional sentiment increased to 1.36 in 2016 Q2. Its up 0.29, from 1.07 in 2016Q1. The ratio has improved, as 91 active investment managers started new or increased positions, while 85 trimmed and sold holdings in Howard Hughes Corp. The active investment managers in our partner’s database now own: 30.48 million shares, up from 30.37 million shares in 2016Q1. Also, the number of active investment managers holding Howard Hughes Corp in their top 10 positions increased from 16 to 17 for an increase of 1. Sold All: 23 Reduced: 62 Increased: 72 New Position: 19.
The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The company has a market cap of $4.59 billion. The Firm 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. It has a 26.3 P/E ratio. The Firm operates its business in three divisions: Master Planned Communities, Operating Assets and Strategic Developments.
About 119,548 shares traded hands. Howard Hughes Corp (NYSE:HHC) has risen 7.47% since April 28, 2016 and is uptrending. It has outperformed by 1.54% the S&P500.
Analysts await Howard Hughes Corp (NYSE:HHC) to report earnings on March, 6.
According to Zacks Investment Research, “Howard Hughes Corporation operates as a real estate company engaged in the development of master planned communities and other strategic real estate development opportunities across the United States. The Company operates its business in two lines of business: Master Planned Communities and Strategic Development. Its Master Planned Communities segment consists of the development and sale of residential and commercial land, primarily in large-scale projects in and around Columbia, Maryland; Houston, Texas; and Las Vegas, Nevada. Its Strategic Development segment is made up of near, medium and long-term real estate properties and development projects. Howard Hughes Corporation is headquartered in Wacker Drive, Chicago.”
Consulta Ltd holds 13.05% of its portfolio in Howard Hughes Corp for 900,000 shares. Mad River Investors owns 88,793 shares or 12.71% of their US portfolio. Moreover, Horizon Kinetics Llc has 10.19% invested in the company for 3.55 million shares. The Massachusetts-based Harvard Management Co Inc has invested 7.36% in the stock. Schaller Investment Group Inc, a North Carolina-based fund reported 71,200 shares.#img1#
Ratings analysis reveals 80% of Howard Hughes’s analysts are positive. Out of 5 Wall Street analysts rating Howard Hughes, 4 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $165 while the high is $195. The stock’s average target of $177 is 54.59% above today’s ($114.5) share price. HHC was included in 9 notes of analysts from August 14, 2015. TheStreet downgraded the stock to “Sell” rating in Thursday, September 24 report. CJS Securities initiated the shares of HHC in a report on Monday, October 31 with “Market Outperform” rating. The stock has “Buy” rating given by Citigroup on Friday, May 13. On Wednesday, August 10 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by JMP Securities with “Buy” on Sunday, August 16. The stock has “Buy” rating given by Compass Point on Monday, May 23. The firm has “Buy” rating by Compass Point given on Tuesday, December 8.
The Howard Hughes Corporation, incorporated on July 1, 2010, is a developer of master planned communities and mixed use properties. The Firm 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. The Firm operates its business in three divisions: Master Planned Communities, Operating Assets and Strategic Developments.
More notable recent Howard Hughes Corp (NYSE:HHC) news were published by: Fool.com which released: “Condo Sales Continue to Drive Howard Hughes Corp’s Results” on November 09, 2016, also Bizjournals.com with their article: “Dallas’ Howard Hughes Corp. names new C-suite leader” published on October 11, 2016, Reuters.com published: “BRIEF-Howard Hughes Corp names David O’Reilly CFO” on October 11, 2016. More interesting news about Howard Hughes Corp (NYSE:HHC) were released by: Therealdeal.com and their article: “The Seaport’s sea change” published on October 03, 2016 as well as Therealdeal.com‘s news article titled: “Howard Hughes to self-fund Seaport development” with publication date: May 10, 2016.
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By Adrian Mccoy