Todays Report: The UBS Asset Management Americas Inc. invests in The Howard Hughes Corp. (HHC) Shares

The UBS Asset Management Americas Inc. invests in The Howard Hughes Corp. (HHC) Shares

UBS Asset Management Americas Inc. boosted its position in The Howard Hughes Corp. (NYSE:HHC) by 10.2% during the second quarter, Holdings Channel reports. The institutional investor owned 26,630 shares of the company’s stock after buying an additional 2,457 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.07% of The Howard Hughes Corp. worth $3,045,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. VNBTrust National Association boosted its stake in shares of The Howard Hughes Corp. by 0.6% in the second quarter. VNBTrust National Association now owns 47,920 shares of the company’s stock worth $5,478,000 after buying an additional 290 shares in the last quarter. Menlo Advisors LLC boosted its stake in shares of The Howard Hughes Corp. by 0.9% in the second quarter. Menlo Advisors LLC now owns 47,931 shares of the company’s stock worth $5,479,000 after buying an additional 420 shares in the last quarter. Bank of Hawaii boosted its stake in shares of The Howard Hughes Corp. by 15.7% in the second quarter. Bank of Hawaii now owns 5,139 shares of the company’s stock worth $587,000 after buying an additional 697 shares in the last quarter. Independent Investors Inc. boosted its stake in shares of The Howard Hughes Corp. by 2.5% in the second quarter. Independent Investors Inc. now owns 28,190 shares of the company’s stock worth $3,222,000 after buying an additional 700 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of The Howard Hughes Corp. by 2.0% in the second quarter. Ameriprise Financial Inc. now owns 36,140 shares of the company’s stock worth $4,132,000 after buying an additional 713 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

The Howard Hughes Corp. (NYSE:HHC) traded up 1.0648% during midday trading on Wednesday, hitting $114.0921. 48,789 shares of the stock were exchanged. The firm has a market capitalization of $4.51 billion, a P/E ratio of 18.4525 and a beta of 1.50. The firm’s 50-day moving average price is $115.83 and its 200 day moving average price is $111.57. The Howard Hughes Corp. has a 1-year low of $79.33 and a 1-year high of $130.87.

The Howard Hughes Corp. (NYSE:HHC) last posted its earnings results on Monday, August 8th. The company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.83. The Howard Hughes Corp. had a net margin of 35.23% and a return on equity of 12.84%. The company had revenue of $272.20 million for the quarter, compared to analyst estimates of $239.99 million. During the same quarter in the prior year, the business posted $0.18 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. Analysts expect that The Howard Hughes Corp. will post $7.79 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on HHC. Citigroup Inc. boosted their price objective on The Howard Hughes Corp. from $165.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. TheStreet cut The Howard Hughes Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th.

The Howard Hughes Corp. Company Profile

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, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.

Related posts

Leave a Comment