US Bancorp DE Sells 9,035 Shares of The Howard Hughes Co. (NYSE:HHC)

US Bancorp DE lessened its holdings in shares of The Howard Hughes Co. (NYSE:HHCGet Rating) by 49.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,055 shares of the financial services provider’s stock after selling 9,035 shares during the quarter. US Bancorp DE’s holdings in Howard Hughes were worth $501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HHC. Western Pacific Wealth Management LP purchased a new position in Howard Hughes during the 3rd quarter valued at approximately $59,000. CWM LLC grew its holdings in Howard Hughes by 1,430.7% during the 2nd quarter. CWM LLC now owns 1,148 shares of the financial services provider’s stock valued at $78,000 after buying an additional 1,073 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Howard Hughes during the 1st quarter valued at approximately $86,000. Captrust Financial Advisors grew its holdings in Howard Hughes by 14.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,550 shares of the financial services provider’s stock valued at $105,000 after buying an additional 200 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in Howard Hughes during the 2nd quarter valued at approximately $144,000.

Insider Activity at Howard Hughes

In other Howard Hughes news, Director Pershing Square Capital Manage acquired 568,681 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The stock was bought at an average price of $75.61 per share, for a total transaction of $42,997,970.41. Following the acquisition, the director now directly owns 15,749,050 shares in the company, valued at $1,190,785,670.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 2,219,532 shares of company stock worth $158,910,530 in the last quarter. 26.90% of the stock is owned by company insiders.

Howard Hughes Price Performance

HHC opened at $80.81 on Monday. The business has a fifty day moving average of $75.47 and a 200 day moving average of $68.32. 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 stock has a market cap of $4.03 billion, a P/E ratio of 17.05 and a beta of 1.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HHC shares. TheStreet upgraded Howard Hughes from a “d+” rating to a “c” rating in a report on Wednesday, November 23rd. StockNews.com cut Howard Hughes from a “hold” rating to a “sell” rating in a report on Friday, December 30th. Piper Sandler dropped their target price on Howard Hughes to $80.00 in a report on Wednesday, November 16th. Finally, BWS Financial reiterated a “buy” rating on shares of Howard Hughes in a report on Tuesday, January 17th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, Howard Hughes has an average rating of “Moderate Buy” and a consensus price target of $96.25.

About Howard Hughes

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The Howard Hughes Corp. engages in the development and management of commercial, residential, and mixed-use real estate. It operates through the following segments: Operating Assets, Master Planned Communities, Seaport District, and Strategic Developments. The Operating Assets segment consists of retail, office, hospitality, and multi-family properties along with other real estate investments.

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

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