Menlo Advisors Lowers stake in Howard Hughes Corp (HHC)

Howard Hughes Corp (HHC) : Menlo Advisors reduced its stake in Howard Hughes Corp by 0.4% during the most recent quarter end. The investment management company now holds a total of 47,511 shares of Howard Hughes Corp which is valued at $4,883,181 after selling 192 shares in Howard Hughes Corp , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Howard Hughes Corp makes up approximately 4.41% of Menlo Advisors’s portfolio.

Howard Hughes Corp opened for trading at $102 and hit $103.22 on the upside on Monday, eventually ending the session at $102.88, with a gain of 0.10% or 0.1 points. The heightened volatility saw the trading volume jump to 1,53,547 shares. Company has a market cap of $4,086 M.

Other Hedge Funds, Including , Norman Fields Gottscho Capital Management reduced its stake in HHC by selling 2,800 shares or 25.12% in the most recent quarter. The Hedge Fund company now holds 8,345 shares of HHC which is valued at $857,699. Howard Hughes Corp makes up approx 0.57% of Norman Fields Gottscho Capital Management’s portfolio.Consulta Ltd boosted its stake in HHC in the latest quarter, The investment management firm added 100,000 additional shares and now holds a total of 1,000,000 shares of Howard Hughes Corp which is valued at $102,780,000. Howard Hughes Corp makes up approx 12.45% of Consulta Ltd’s portfolio.Creative Planning boosted its stake in HHC in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 12,397 shares of Howard Hughes Corp which is valued at $1,258,915. Howard Hughes Corp makes up approx 0.01% of Creative Planning’s portfolio. Proficio Capital Partners added HHC to its portfolio by purchasing 26 company shares during the most recent quarter which is valued at $2,640.

On the company’s financial health, Howard Hughes Corp reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 1.08 according to the earnings call on Feb 29, 2016. Analyst had a consensus of $-0.08. The company had revenue of $229.40 million for the quarter, compared to analysts expectations of $124.39 million. The company’s revenue was up 10.8% compared to the same quarter last year.

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 which are generating revenues also called Operating Assets as well as other strategic real estate opportunities in the form of entitled and unentitled land and other development rights also called Strategic Developments. The Company operates its business in three segments: Master Planned Communities (MPC) Operating Assets and Strategic Developments. MPC segment consists of the development and sale of residential land and the development of commercial land to hold develop or sell. Operating Assets segment contains 44 properties investments and other assets that generate revenue consisting primarily of retail office and multi-family properties. Strategic Developments segment consists of 30 development projects.

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