Howard Hughes Corp (HHC) : Menlo Advisors scooped up 420 additional shares in Howard Hughes Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 47,931 shares of Howard Hughes Corp which is valued at $5,579,168.Howard Hughes Corp makes up approximately 4.65% of Menlo Advisors’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in HHC by selling 9,769 shares or 84.32% in the most recent quarter. The Hedge Fund company now holds 1,816 shares of HHC which is valued at $211,382. Howard Hughes Corp makes up approx 0.01% of Cutler Group Lp’s portfolio.Norman Fields Gottscho Capital Management boosted its stake in HHC in the latest quarter, The investment management firm added 1,095 additional shares and now holds a total of 9,440 shares of Howard Hughes Corp which is valued at $1,098,816. Howard Hughes Corp makes up approx 0.75% of Norman Fields Gottscho Capital Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in HHC by selling 2,131 shares or 40.07% in the most recent quarter. The Hedge Fund company now holds 3,187 shares of HHC which is valued at $363,095.
Howard Hughes Corp closed down -0.3 points or -0.26% at $116.35 with 67,360 shares getting traded on Friday. Post opening the session at $116.2, the shares hit an intraday low of $115.26 and an intraday high of $116.75 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Howard Hughes Corp reported $3.04 EPS for the quarter, beating the analyst consensus estimate by $ 2.71 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.33. The company had revenue of $239.66 million for the quarter, compared to analysts expectations of $186.95 million. The company’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on Howard Hughes Corp. Shares were Reiterated by Compass Point on May 23, 2016 to “Buy” and Lowered the Price Target to $ 195 from a previous price target of $200 .Citigroup Initiated Howard Hughes Corp on May 13, 2016 to “Buy”, Price Target of the shares are set at $165.Company shares were Reiterated by Compass Point on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 200 from a previous price target of $190 .
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.