Envestnet Asset Management Inc. Buys 1,040 Shares of The Howard Hughes Co. (NYSE:HHC)

Envestnet Asset Management Inc. increased its stake in The Howard Hughes Co. (NYSE:HHCGet Rating) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,469 shares of the financial services provider’s stock after purchasing an additional 1,040 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Howard Hughes were worth $1,733,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its holdings in Howard Hughes by 52.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 4,734 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 1,621 shares during the period. Treasurer of the State of North Carolina raised its holdings in Howard Hughes by 6.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 16,286 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 1,002 shares during the period. Jennison Associates LLC raised its holdings in Howard Hughes by 2.9% in the 2nd quarter. Jennison Associates LLC now owns 227,654 shares of the financial services provider’s stock worth $15,492,000 after purchasing an additional 6,381 shares during the period. Transatlantique Private Wealth LLC bought a new position in Howard Hughes in the 2nd quarter worth $569,000. Finally, Russell Investments Group Ltd. raised its holdings in Howard Hughes by 25.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 571,199 shares of the financial services provider’s stock worth $38,833,000 after purchasing an additional 114,353 shares during the period. 95.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HHC shares. StockNews.com cut Howard Hughes from a “hold” rating to a “sell” rating in a report on Friday, November 4th. BMO Capital Markets started coverage on Howard Hughes in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $90.00 price target for the company. Finally, Piper Sandler dropped their target price on Howard Hughes to $80.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Howard Hughes presently has a consensus rating of “Moderate Buy” and an average target price of $96.25.

Howard Hughes Stock Performance

Shares of NYSE:HHC opened at $68.42 on Friday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 14.43 and a beta of 1.38. The Howard Hughes Co. has a 52 week low of $50.90 and a 52 week high of $105.51. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average of $60.88 and a 200 day moving average of $68.66.

Howard Hughes Profile

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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.

See Also

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

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