Macquarie Group Ltd. lowered its holdings in shares of The Howard Hughes Co. (NYSE:HHC – Get Rating) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,527 shares of the financial services provider's stock after selling 4,834 shares during the period. Macquarie Group Ltd. owned about 0.12% of Howard Hughes worth $3,983,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in HHC. CWM LLC grew its holdings in shares of Howard Hughes by 1,430.7% during the 2nd quarter. CWM LLC now owns 1,148 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 1,073 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Howard Hughes during the 1st quarter valued at $86,000. Captrust Financial Advisors boosted its position in Howard Hughes by 14.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,550 shares of the financial services provider's stock valued at $105,000 after buying an additional 200 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in Howard Hughes during the 2nd quarter valued at $144,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Howard Hughes during the 2nd quarter valued at $148,000. Institutional investors own 95.29% of the company's stock.
Get Howard Hughes alerts:Howard Hughes Trading Up 2.6 %
NYSE:HHC opened at $78.16 on Wednesday. The company has a 50-day moving average price of $64.89 and a 200-day moving average price of $67.01. The Howard Hughes Co. has a 12 month low of $50.90 and a 12 month high of $105.51. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.30. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 16.49 and a beta of 1.43.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Howard Hughes from a "sell" rating to a "hold" rating in a research report on Thursday, December 1st. TheStreet raised shares of Howard Hughes from a "d+" rating to a "c" rating in a research report on Wednesday, November 23rd. Finally, Piper Sandler dropped their price target on shares of Howard Hughes to $80.00 in a research report on Wednesday, November 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $96.25.Insider Transactions at Howard Hughes
In related news, Director Pershing Square Capital Manage bought 41,446 shares of the company's stock in a transaction dated Wednesday, December 7th. The stock was purchased at an average cost of $73.15 per share, with a total value of $3,031,774.90. Following the transaction, the director now owns 15,837,529 shares in the company, valued at approximately $1,158,515,246.35. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 2,170,332 shares of company stock valued at $155,244,095. Company insiders own 26.90% of the company's stock.
Howard Hughes Profile
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The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport District; and Strategic Developments. As of December 31, 2020, the Operating Assets segment owned 15 retail, 33 office, 12 multi-family, 3 hospitality, and 13 other operating assets and investments primarily located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii.
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