St. James Investment Company LLC increased its holdings in shares of Howard Hughes Corp (NYSE:HHC) by 69.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,955 shares of the financial services provider’s stock after acquiring an additional 8,180 shares during the period. Howard Hughes comprises approximately 0.3% of St. James Investment Company LLC’s holdings, making the stock its 23rd largest holding. St. James Investment Company LLC’s holdings in Howard Hughes were worth $2,619,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in Howard Hughes by 65.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,011 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 401 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Howard Hughes by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,212 shares of the financial services provider’s stock worth $149,000 after buying an additional 81 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Howard Hughes by 79.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,159 shares of the financial services provider’s stock worth $152,000 after buying an additional 514 shares in the last quarter. Advisor Group Inc. lifted its holdings in Howard Hughes by 81.8% during the 2nd quarter. Advisor Group Inc. now owns 1,445 shares of the financial services provider’s stock worth $178,000 after buying an additional 650 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in Howard Hughes during the 3rd quarter worth $202,000. Institutional investors and hedge funds own 83.56% of the company’s stock.
Howard Hughes Corp (NYSE HHC) traded down $0.50 during trading hours on Wednesday, reaching $119.83. The company’s stock had a trading volume of 56,770 shares, compared to its average volume of 288,030. Howard Hughes Corp has a 12-month low of $113.34 and a 12-month high of $133.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $5,200.00, a P/E ratio of 81.46 and a beta of 1.37.
Separately, Zacks Investment Research downgraded Howard Hughes from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th.
In other Howard Hughes news, Director Pershing Square Capital Manage sold 2,500,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $127.86, for a total transaction of $319,650,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 20.70% of the stock is currently owned by corporate insiders.
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Howard Hughes Profile
The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in 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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