Jennison Associates LLC Sells 268,790 Shares of Howard Hughes Corp (NYSE:HHC)

Share on StockTwits

Jennison Associates LLC trimmed its holdings in Howard Hughes Corp (NYSE:HHC) by 27.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 727,496 shares of the financial services provider’s stock after selling 268,790 shares during the period. Jennison Associates LLC owned about 1.69% of Howard Hughes worth $90,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Advisor Group Inc. lifted its stake in shares of Howard Hughes by 11.8% in the second quarter. Advisor Group Inc. now owns 852 shares of the financial services provider’s stock valued at $106,000 after buying an additional 90 shares in the last quarter. Independent Investors Inc. lifted its stake in shares of Howard Hughes by 0.3% in the second quarter. Independent Investors Inc. now owns 34,180 shares of the financial services provider’s stock valued at $4,232,000 after buying an additional 100 shares in the last quarter. Lederer & Associates Investment Counsel CA raised its holdings in shares of Howard Hughes by 1.2% in the second quarter. Lederer & Associates Investment Counsel CA now owns 9,170 shares of the financial services provider’s stock valued at $1,136,000 after purchasing an additional 110 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Howard Hughes by 75.0% in the second quarter. AdvisorNet Financial Inc now owns 350 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 150 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Howard Hughes by 7.9% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 2,239 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 163 shares during the last quarter. 81.84% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Thursday, August 15th. TheStreet downgraded shares of Howard Hughes from a “b-” rating to a “c” rating in a report on Wednesday, May 29th.

Shares of HHC stock traded down $3.75 on Friday, hitting $126.91. The stock had a trading volume of 155,787 shares, compared to its average volume of 230,295. The business has a 50 day moving average of $130.35 and a 200 day moving average of $114.77. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 96.14 and a beta of 1.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.64. Howard Hughes Corp has a 12-month low of $89.51 and a 12-month high of $135.42.

Howard Hughes (NYSE:HHC) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The company had revenue of $431.32 million during the quarter, compared to the consensus estimate of $397.43 million. Howard Hughes had a net margin of 7.03% and a return on equity of 3.24%. The firm’s revenue for the quarter was up 138.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) earnings per share. As a group, research analysts expect that Howard Hughes Corp will post 0.78 earnings per share for the current fiscal year.

About Howard Hughes

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawai’i.

Featured Article: What is the Difference Between Common Shares and Convertible Shares?

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

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



Latest News

Armada Hoffler Properties  & Nam Tai Property  Head-To-Head Review
Armada Hoffler Properties & Nam Tai Property Head-To-Head Review
Critical Comparison: Taro Pharmaceutical Industries  and Genmab A/S
Critical Comparison: Taro Pharmaceutical Industries and Genmab A/S
Critical Comparison: Jerash Holdings   versus Its Rivals
Critical Comparison: Jerash Holdings versus Its Rivals
Comparing Symantec  & Tyler Technologies
Comparing Symantec & Tyler Technologies
LegacyTexas Financial Group  Raised to Buy at BidaskClub
LegacyTexas Financial Group Raised to Buy at BidaskClub
Adverum Biotechnologies  PT Lowered to $8.00 at SunTrust Banks
Adverum Biotechnologies PT Lowered to $8.00 at SunTrust Banks


 
© 2006-2019 Zolmax.