Aperio Group LLC increased its position in Howard Hughes Co. (NYSE:HHC) by 6.2% in the first quarter, Holdings Channel reports. The institutional investor owned 18,456 shares of the financial services provider’s stock after acquiring an additional 1,071 shares during the period. Aperio Group LLC’s holdings in Howard Hughes were worth $2,568,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HHC. Millennium Management LLC raised its position in shares of Howard Hughes by 2,521.7% in the fourth quarter. Millennium Management LLC now owns 176,178 shares of the financial services provider’s stock valued at $23,127,000 after buying an additional 169,458 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Howard Hughes in the fourth quarter valued at approximately $15,468,000. Allianz Asset Management GmbH raised its position in shares of Howard Hughes by 20.8% in the fourth quarter. Allianz Asset Management GmbH now owns 535,789 shares of the financial services provider’s stock valued at $70,334,000 after buying an additional 92,340 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new position in shares of Howard Hughes in the fourth quarter valued at approximately $8,677,000. Finally, Caledonia Private Investments Pty Ltd raised its position in shares of Howard Hughes by 4.7% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 1,101,060 shares of the financial services provider’s stock valued at $144,536,000 after buying an additional 49,655 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

In related news, insider Reuben Seth Davidsohn sold 9,445 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $137.10, for a total transaction of $1,294,909.50. Following the completion of the transaction, the insider now owns 37,175 shares of the company’s stock, valued at $5,096,692.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah M. Vasquez sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $134.80, for a total transaction of $1,011,000.00. Following the transaction, the executive vice president now directly owns 11,582 shares of the company’s stock, valued at approximately $1,561,253.60. The disclosure for this sale can be found here. Insiders have sold 416,945 shares of company stock valued at $57,689,910 in the last ninety days. 10.10% of the stock is currently owned by company insiders.

Several brokerages recently commented on HHC. TheStreet raised shares of Howard Hughes from a “c” rating to a “b-” rating in a research report on Wednesday, March 28th. Zacks Investment Research raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Sandler O’Neill set a $140.00 price target on shares of Howard Hughes and gave the stock a “hold” rating in a research report on Thursday, March 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $145.00.

Shares of Howard Hughes opened at $126.23 on Friday, Marketbeat reports. Howard Hughes Co. has a one year low of $114.28 and a one year high of $140.38. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.94. The company has a market cap of $5.41 billion, a P/E ratio of 81.44 and a beta of 1.15.

Howard Hughes (NYSE:HHC) last issued its quarterly earnings results on Tuesday, May 1st. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.46). Howard Hughes had a return on equity of 2.29% and a net margin of 15.94%. The company had revenue of $161.68 million for the quarter, compared to analyst estimates of $266.77 million. During the same period last year, the company posted $0.13 EPS. The business’s revenue for the quarter was down 30.2% on a year-over-year basis. research analysts anticipate that Howard Hughes Co. will post -0.37 EPS for the current year.

Howard Hughes Company Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.

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Institutional Ownership by Quarter for Howard Hughes (NYSE:HHC)

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