Athanor Capital LP purchased a new stake in Howard Hughes Co. (NYSE:HHC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,900 shares of the financial services provider’s stock, valued at approximately $682,000.

Other large investors also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in Howard Hughes by 467.0% in the fourth quarter. Assetmark Inc. now owns 1,100 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 906 shares during the period. Keybank National Association OH acquired a new position in Howard Hughes in the fourth quarter valued at approximately $211,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Howard Hughes by 416.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,669 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 1,346 shares during the period. Parametrica Management Ltd acquired a new position in Howard Hughes in the fourth quarter valued at approximately $244,000. Finally, State of Alaska Department of Revenue acquired a new position in Howard Hughes in the fourth quarter valued at approximately $259,000. 88.96% of the stock is owned by institutional investors.

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

In other news, insider Reuben Seth Davidsohn sold 9,445 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $137.10, for a total value of $1,294,909.50. Following the completion of the sale, the insider now directly owns 37,175 shares in the company, valued at $5,096,692.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Weinreb sold 400,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $138.46, for a total value of $55,384,000.00. The disclosure for this sale can be found here. Insiders sold 416,945 shares of company stock valued at $57,689,910 over the last 90 days. Company insiders own 10.10% of the company’s stock.

Howard Hughes opened at $126.23 on Friday, Marketbeat Ratings reports. The company has a market capitalization of $5.41 billion, a PE ratio of 81.44 and a beta of 1.15. Howard Hughes Co. has a 12 month low of $114.28 and a 12 month high of $140.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.60 and a quick ratio of 1.60.

Howard Hughes (NYSE:HHC) last posted its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.46). The business had revenue of $161.68 million during the quarter, compared to analysts’ expectations of $266.77 million. Howard Hughes had a net margin of 15.94% and a return on equity of 2.29%. The firm’s quarterly revenue was down 30.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. equities analysts predict that Howard Hughes Co. will post -0.37 EPS for the current fiscal year.

Howard Hughes 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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