Today: Ancora Inverness LLC decides to keep it stake in The Howard Hughes Corp. (HHC) to the level of $220,000

Today: Ancora Inverness LLC decides to keep it stake in The Howard Hughes Corp. (HHC) to the level of $220,000

Ancora Inverness LLC maintained its position in shares of The Howard Hughes Corp. (NYSE:HHC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,925 shares of the company’s stock at the end of the third quarter. Ancora Inverness LLC’s holdings in The Howard Hughes Corp. were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. raised its position in The Howard Hughes Corp. by 44.3% in the second quarter. Baillie Gifford & Co. now owns 1,811,048 shares of the company’s stock valued at $207,039,000 after buying an additional 555,649 shares in the last quarter. Locust Wood Capital Advisers LLC bought a new position in The Howard Hughes Corp. during the second quarter valued at about $30,034,000. Emerald Acquisition Ltd. bought a new position in The Howard Hughes Corp. during the second quarter valued at about $29,461,000. Caledonia Private Investments Pty Ltd bought a new position in The Howard Hughes Corp. during the second quarter valued at about $26,051,000. Finally, PM CAPITAL Ltd raised its position in The Howard Hughes Corp. by 160.2% in the second quarter. PM CAPITAL Ltd now owns 305,784 shares of the company’s stock valued at $34,958,000 after buying an additional 188,284 shares in the last quarter. 81.83% of the stock is owned by hedge funds and other institutional investors.

The Howard Hughes Corp. (NYSE:HHC) traded up 1.34% during trading on Monday, reaching $111.98. The company had a trading volume of 24,518 shares. The firm has a market capitalization of $4.42 billion, a PE ratio of 25.94 and a beta of 1.55. The firm’s 50 day moving average price is $108.24 and its 200 day moving average price is $112.68. The Howard Hughes Corp. has a 12-month low of $79.33 and a 12-month high of $126.15.

The Howard Hughes Corp. (NYSE:HHC) last released its quarterly earnings results on Tuesday, November 8th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by $0.11. The firm earned $240.80 million during the quarter, compared to the consensus estimate of $269.30 million. The Howard Hughes Corp. had a net margin of 18.80% and a return on equity of 12.19%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. Analysts anticipate that The Howard Hughes Corp. will post $5.19 earnings per share for the current year.

A number of analysts have recently weighed in on the company. Citigroup Inc. raised their target price on The Howard Hughes Corp. from $165.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. TheStreet lowered The Howard Hughes Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, CJS Securities assumed coverage on The Howard Hughes Corp. in a research note on Monday, October 31st. They issued an “outperform” rating and a $160.00 target price for the company.

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.

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