Steward Partners Investment Advisory LLC Has $50,000 Holdings in The Howard Hughes Co. (NYSE:HHC)

Steward Partners Investment Advisory LLC grew its holdings in shares of The Howard Hughes Co. (NYSE:HHCGet Rating) by 61.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 483 shares of the financial services provider’s stock after purchasing an additional 183 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Howard Hughes were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ellevest Inc. lifted its holdings in shares of Howard Hughes by 153.8% during the 1st quarter. Ellevest Inc. now owns 335 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 203 shares during the period. GHP Investment Advisors Inc. bought a new position in Howard Hughes in the 1st quarter valued at approximately $43,000. Tyler Stone Wealth Management bought a new position in Howard Hughes in the 4th quarter valued at approximately $51,000. CIBC Asset Management Inc bought a new position in Howard Hughes in the 4th quarter valued at approximately $230,000. Finally, Baker Tilly Wealth Management LLC bought a new position in Howard Hughes in the 1st quarter valued at approximately $243,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HHC shares. Jefferies Financial Group dropped their price objective on shares of Howard Hughes from $127.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. Piper Sandler decreased their price objective on shares of Howard Hughes to $100.00 in a research report on Monday, July 4th. StockNews.com upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets started coverage on shares of Howard Hughes in a research report on Tuesday, July 26th. They set an “outperform” rating and a $90.00 price objective for the company. Finally, TheStreet cut shares of Howard Hughes from a “c” rating to a “d+” rating in a research report on Friday, July 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.25.

Howard Hughes Trading Up 2.2 %

NYSE:HHC opened at $71.32 on Friday. The Howard Hughes Co. has a 12 month low of $60.04 and a 12 month high of $105.51. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 31.14 and a beta of 1.39. The firm has a fifty day simple moving average of $70.71 and a two-hundred day simple moving average of $86.70. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.32.

Howard Hughes (NYSE:HHCGet Rating) last released its quarterly earnings data on Monday, May 9th. The financial services provider reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.62. Howard Hughes had a net margin of 8.62% and a return on equity of 3.42%. During the same period last year, the business earned ($0.55) EPS. Analysts expect that The Howard Hughes Co. will post 1.72 EPS for the current fiscal year.

About Howard Hughes

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The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport District; and Strategic Developments. As of December 31, 2020, the Operating Assets segment owned 15 retail, 33 office, 12 multi-family, 3 hospitality, and 13 other operating assets and investments primarily located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii.

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

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