Maltese Capital Management LLC raised its holdings in Howard Hughes Corp (NYSE:HHC) by 109.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,000 shares of the financial services provider’s stock after acquiring an additional 35,500 shares during the period. Maltese Capital Management LLC owned about 0.16% of Howard Hughes worth $9,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Becker Capital Management Inc. increased its stake in shares of Howard Hughes by 1.0% during the second quarter. Becker Capital Management Inc. now owns 418,720 shares of the financial services provider’s stock worth $55,480,000 after purchasing an additional 4,056 shares during the period. Capital Growth Management LP bought a new position in shares of Howard Hughes during the first quarter worth approximately $18,087,000. Levin Capital Strategies L.P. bought a new position in shares of Howard Hughes during the second quarter worth approximately $397,000. FDx Advisors Inc. acquired a new stake in Howard Hughes during the first quarter worth approximately $398,000. Finally, Tdam USA Inc. grew its position in Howard Hughes by 6.4% during the first quarter. Tdam USA Inc. now owns 14,086 shares of the financial services provider’s stock worth $1,960,000 after buying an additional 850 shares in the last quarter. 85.32% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on HHC shares. Jefferies Financial Group reissued a “$141.27” rating and set a $171.00 price target on shares of Howard Hughes in a research report on Wednesday, July 18th. Sandler O’Neill raised Howard Hughes from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Friday, June 1st. Citigroup reduced their price target on Howard Hughes from $160.00 to $157.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. Finally, Zacks Investment Research raised Howard Hughes from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. One analyst has rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $159.33.

NYSE:HHC traded down $0.46 during trading hours on Friday, hitting $126.73. 218,326 shares of the company were exchanged, compared to its average volume of 174,284. The firm has a market cap of $5.43 billion, a P/E ratio of 88.24 and a beta of 1.20. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.00. Howard Hughes Corp has a one year low of $114.67 and a one year high of $142.36.

Howard Hughes (NYSE:HHC) last announced its earnings results on Monday, August 6th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.34). Howard Hughes had a return on equity of 1.99% and a net margin of 17.29%. The company had revenue of $181.00 million for the quarter, compared to the consensus estimate of $165.87 million. During the same period in the prior year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was down 41.3% on a year-over-year basis. equities research analysts expect that Howard Hughes Corp will post 1.65 EPS for the current year.

In other news, insider Paul H. Layne sold 4,928 shares of the firm’s stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $137.00, for a total value of $675,136.00. Following the completion of the sale, the insider now directly owns 22,037 shares in the company, valued at approximately $3,019,069. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.10% of the company’s stock.

About Howard Hughes

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.

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

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