Parametric Portfolio Associates LLC cut its stake in Howard Hughes Corporation (The) (NYSE:HHC) by 11.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,177 shares of the financial services provider’s stock after selling 15,162 shares during the period. Parametric Portfolio Associates LLC owned about 0.30% of Howard Hughes Corporation (The) worth $14,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HHC. Tower Research Capital LLC TRC acquired a new stake in Howard Hughes Corporation (The) during the 1st quarter valued at $104,000. Shine Investment Advisory Services Inc. acquired a new stake in Howard Hughes Corporation (The) during the 2nd quarter valued at $122,000. Fiduciary Trust Co. acquired a new stake in Howard Hughes Corporation (The) during the 2nd quarter valued at $123,000. FNY Managed Accounts LLC acquired a new stake in Howard Hughes Corporation (The) during the 2nd quarter valued at $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Howard Hughes Corporation (The) by 15.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,353 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 182 shares in the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

Shares of Howard Hughes Corporation (NYSE:HHC) opened at 118.40 on Friday. Howard Hughes Corporation has a 12-month low of $101.20 and a 12-month high of $131.39. The firm has a market capitalization of $5.07 billion, a PE ratio of 84.45 and a beta of 1.41. The company’s 50-day moving average price is $116.96 and its 200-day moving average price is $121.45.

Howard Hughes Corporation (The) (NYSE:HHC) last released its earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.80). Howard Hughes Corporation (The) had a return on equity of 4.80% and a net margin of 5.69%. The business had revenue of $308.60 million for the quarter, compared to the consensus estimate of $217.47 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts anticipate that Howard Hughes Corporation will post $1.11 EPS for the current year.

HHC has been the subject of a number of recent analyst reports. BidaskClub cut Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research cut Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Howard Hughes Corporation (The) currently has a consensus rating of “Hold” and a consensus price target of $144.33.

ILLEGAL ACTIVITY NOTICE: This story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/10/08/parametric-portfolio-associates-llc-sells-15162-shares-of-howard-hughes-corporation-the-hhc.html.

About Howard Hughes Corporation (The)

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.

Want to see what other hedge funds are holding HHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howard Hughes Corporation (The) (NYSE:HHC).

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

Receive News & Stock Ratings for Howard Hughes Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes Corporation (The) and related stocks with our FREE daily email newsletter.