Norges Bank Purchases Shares of 337,524 Howard Hughes Corp (HHC)

Norges Bank purchased a new stake in Howard Hughes Corp (NYSE:HHC) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 337,524 shares of the company’s stock, valued at approximately $38,511,000. Norges Bank owned about 0.85% of Howard Hughes Corp as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in HHC. BNP Paribas Arbitrage SA increased its position in Howard Hughes Corp by 26.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,041 shares of the company’s stock valued at $463,000 after buying an additional 854 shares during the last quarter. Creative Planning increased its position in Howard Hughes Corp by 13.4% in the third quarter. Creative Planning now owns 14,056 shares of the company’s stock valued at $1,609,000 after buying an additional 1,659 shares during the last quarter. Bank of Montreal Can increased its position in Howard Hughes Corp by 18.0% in the third quarter. Bank of Montreal Can now owns 25,114 shares of the company’s stock valued at $2,876,000 after buying an additional 3,828 shares during the last quarter. First Manhattan Co. increased its position in Howard Hughes Corp by 4.8% in the third quarter. First Manhattan Co. now owns 46,389 shares of the company’s stock valued at $5,311,000 after buying an additional 2,115 shares during the last quarter. Finally, Menlo Advisors LLC increased its position in Howard Hughes Corp by 0.3% in the third quarter. Menlo Advisors LLC now owns 48,069 shares of the company’s stock valued at $5,504,000 after buying an additional 138 shares during the last quarter. 82.48% of the stock is owned by institutional investors.

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

Howard Hughes Corp (NYSE:HHC) opened at 115.10 on Friday. The stock has a market cap of $4.55 billion, a P/E ratio of 24.33 and a beta of 1.44. Howard Hughes Corp has a 52-week low of $98.01 and a 52-week high of $123.99. The firm’s 50-day moving average price is $115.46 and its 200 day moving average price is $112.31.

Howard Hughes Corp (NYSE:HHC) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $1.03. Howard Hughes Corp had a return on equity of 12.19% and a net margin of 18.80%. The business earned $278.55 million during the quarter, compared to analyst estimates of $262.49 million. During the same period in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. Equities analysts predict that Howard Hughes Corp will post $3.91 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Norges Bank Purchases Shares of 337,524 Howard Hughes Corp (HHC)” was first reported by Web Breaking News and is owned by of Web Breaking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at http://www.webbreakingnews.com/2017/03/26/norges-bank-purchases-shares-of-337524-howard-hughes-corp-hhc.html.

In related news, EVP Christopher John Curry sold 48,317 shares of the stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $116.34, for a total value of $5,621,199.78. Following the completion of the transaction, the executive vice president now directly owns 61,252 shares of the company’s stock, valued at approximately $7,126,057.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Reuben Seth Davidsohn sold 5,981 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $118.78, for a total value of $710,423.18. Following the completion of the transaction, the insider now directly owns 25,684 shares of the company’s stock, valued at $3,050,745.52. The disclosure for this sale can be found here. Insiders sold a total of 171,248 shares of company stock valued at $19,553,911 over the last three months. Corporate insiders own 13.80% of the company’s stock.

About Howard Hughes Corp

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.

5 Day Chart for NYSE:HHC

Want to see what other hedge funds are holding HHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howard Hughes Corp (NYSE:HHC).

Receive News & Ratings for Howard Hughes Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.