Menlo Advisors LLC raised its stake in shares of Howard Hughes Corporation (The) (NYSE:HHC) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,843 shares of the financial services provider’s stock after buying an additional 546 shares during the period. Howard Hughes Corporation (The) makes up approximately 4.3% of Menlo Advisors LLC’s holdings, making the stock its 6th largest position. Menlo Advisors LLC owned about 0.12% of Howard Hughes Corporation (The) worth $5,877,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pecaut & CO. boosted its position in Howard Hughes Corporation (The) by 27.5% in the first quarter. Pecaut & CO. now owns 34,565 shares of the financial services provider’s stock worth $4,053,000 after buying an additional 7,465 shares during the last quarter. ProShare Advisors LLC boosted its position in Howard Hughes Corporation (The) by 4.5% in the first quarter. ProShare Advisors LLC now owns 9,890 shares of the financial services provider’s stock worth $1,160,000 after buying an additional 425 shares during the last quarter. Nationwide Fund Advisors bought a new position in Howard Hughes Corporation (The) during the first quarter worth $1,618,000. SeaBridge Investment Advisors LLC raised its stake in Howard Hughes Corporation (The) by 2.3% in the first quarter. SeaBridge Investment Advisors LLC now owns 82,067 shares of the financial services provider’s stock worth $9,622,000 after buying an additional 1,818 shares during the period. Finally, Private Bank & Trust Co. raised its stake in Howard Hughes Corporation (The) by 46.2% in the first quarter. Private Bank & Trust Co. now owns 4,192 shares of the financial services provider’s stock worth $492,000 after buying an additional 1,325 shares during the period. 85.96% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Corporation (NYSE HHC) opened at 125.41 on Monday. The firm has a market cap of $5.01 billion, a PE ratio of 77.32 and a beta of 1.42. Howard Hughes Corporation has a 12 month low of $101.20 and a 12 month high of $131.39. The firm’s 50-day moving average is $122.96 and its 200-day moving average is $119.78.

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A number of equities research analysts have recently weighed in on HHC shares. BidaskClub lowered shares of Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. BWS Financial assumed coverage on shares of Howard Hughes Corporation (The) in a research note on Thursday, June 8th. They set a “buy” rating and a $150.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $149.75.

In other news, EVP Christopher John Curry sold 30,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $126.62, for a total transaction of $3,798,600.00. Following the completion of the transaction, the executive vice president now directly owns 42,935 shares in the company, valued at approximately $5,436,429.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.80% of the stock is currently owned by insiders.

Howard Hughes Corporation (The) Company Profile

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.

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

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