Pershing Square Capital Manage Buys 8,169 Shares of The Howard Hughes Co. (NYSE:HHC) Stock

The Howard Hughes Co. (NYSE:HHC – Get Rating) Director Pershing Square Capital Manage purchased 8,169 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were purchased at an average cost of $74.89 per share, for a total transaction of $611,776.41. Following the completion of the purchase, the director now owns 16,253,960 shares in the company, valued at approximately $1,217,259,064.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pershing Square Capital Manage also recently made the following trade(s):

• On Wednesday, May 24th, Pershing Square Capital Manage acquired 43,294 shares of Howard Hughes stock. The shares were purchased at an average price of $73.59 per share, with a total value of $3,186,005.46.
• On Friday, May 19th, Pershing Square Capital Manage purchased 35,483 shares of Howard Hughes stock. The shares were acquired at an average price of $74.51 per share, with a total value of $2,643,838.33.
• On Wednesday, May 17th, Pershing Square Capital Manage acquired 7,932 shares of Howard Hughes stock. The stock was acquired at an average cost of $73.59 per share, for a total transaction of $583,715.88.
• On Monday, May 15th, Pershing Square Capital Manage acquired 2,200 shares of Howard Hughes stock. The shares were bought at an average cost of $74.91 per share, with a total value of $164,802.00.
• On Thursday, May 11th, Pershing Square Capital Manage purchased 6,776 shares of Howard Hughes stock. The stock was bought at an average cost of $74.89 per share, with a total value of $507,454.64.
• On Tuesday, May 9th, Pershing Square Capital Manage acquired 16,417 shares of Howard Hughes stock. The shares were purchased at an average cost of $74.26 per share, for a total transaction of $1,219,126.42.
• On Thursday, May 4th, Pershing Square Capital Manage acquired 26,923 shares of Howard Hughes stock. The stock was purchased at an average price of $74.70 per share, with a total value of $2,011,148.10.
• On Tuesday, May 2nd, Pershing Square Capital Manage acquired 2,919 shares of Howard Hughes stock. The stock was acquired at an average cost of $74.87 per share, for a total transaction of $218,545.53.
• On Wednesday, April 26th, Pershing Square Capital Manage bought 51,300 shares of Howard Hughes stock. The shares were acquired at an average cost of $74.71 per share, with a total value of $3,832,623.00.
• On Monday, April 24th, Pershing Square Capital Manage purchased 200 shares of Howard Hughes stock. The shares were bought at an average price of $74.98 per share, with a total value of $14,996.00.

Howard Hughes Trading Down 0.0 %

Shares of HHC opened at $73.74 on Friday. The Howard Hughes Co. has a fifty-two week low of $50.90 and a fifty-two week high of $89.58. The business has a 50-day moving average of $75.94 and a 200 day moving average of $77.50. The firm has a market cap of $3.69 billion, a P/E ratio of 22.90 and a beta of 1.46. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.64 and a current ratio of 1.64.

Howard Hughes (NYSE:HHC – Get Rating) last posted its earnings results on Monday, May 8th. The financial services provider reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.01. The firm had revenue of $196.29 million during the quarter, compared to the consensus estimate of $199.10 million. Howard Hughes had a net margin of 10.01% and a return on equity of 4.50%. During the same quarter last year, the company earned $0.04 earnings per share. As a group, research analysts forecast that The Howard Hughes Co. will post -1.19 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Howard Hughes in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Institutional Investors Weigh In On Howard Hughes

A number of hedge funds and other institutional investors have recently bought and sold shares of HHC. Amalgamated Bank grew its position in shares of Howard Hughes by 1.8% in the fourth quarter. Amalgamated Bank now owns 6,917 shares of the financial services provider’s stock valued at $529,000 after purchasing an additional 123 shares in the last quarter. MGO One Seven LLC increased its position in shares of Howard Hughes by 1.2% during the fourth quarter. MGO One Seven LLC now owns 11,179 shares of the financial services provider’s stock valued at $854,000 after buying an additional 132 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Howard Hughes by 5.4% in the first quarter. Advisor Group Holdings Inc. now owns 2,711 shares of the financial services provider’s stock worth $203,000 after buying an additional 139 shares in the last quarter. Stifel Financial Corp grew its stake in Howard Hughes by 5.0% during the first quarter. Stifel Financial Corp now owns 3,240 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 154 shares in the last quarter. Finally, Cibc World Markets Corp increased its holdings in Howard Hughes by 0.8% during the 1st quarter. Cibc World Markets Corp now owns 20,844 shares of the financial services provider’s stock worth $2,160,000 after acquiring an additional 175 shares during the period.

Howard Hughes Company Profile

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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.