Janney Montgomery Scott LLC Has $321,000 Position in The Howard Hughes Co. (NYSE:HHC)

Janney Montgomery Scott LLC grew its position in The Howard Hughes Co. (NYSE:HHCGet Rating) by 52.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,734 shares of the financial services provider’s stock after buying an additional 1,621 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Howard Hughes were worth $321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisor Group Holdings Inc. raised its position in shares of Howard Hughes by 5.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,711 shares of the financial services provider’s stock valued at $203,000 after buying an additional 139 shares in the last quarter. Pinnacle Financial Partners Inc. increased its position in Howard Hughes by 0.5% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 34,325 shares of the financial services provider’s stock worth $3,557,000 after purchasing an additional 166 shares in the last quarter. Cibc World Markets Corp increased its position 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 purchasing an additional 175 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Howard Hughes by 61.0% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 483 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 183 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Howard Hughes by 1.6% during the 1st quarter. Treasurer of the State of North Carolina now owns 15,284 shares of the financial services provider’s stock worth $1,584,000 after purchasing an additional 238 shares in the last quarter. 95.29% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Trading Up 1.1 %

HHC opened at $68.45 on Tuesday. The Howard Hughes Co. has a fifty-two week low of $50.90 and a fifty-two week high of $105.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 14.44 and a beta of 1.38. The company’s 50 day moving average price is $60.67 and its two-hundred day moving average price is $69.29.

Analysts Set New Price Targets

HHC has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of Howard Hughes in a research report on Tuesday, July 26th. They set an “outperform” rating and a $90.00 price objective for the company. StockNews.com cut shares of Howard Hughes from a “hold” rating to a “sell” rating in a research report on Friday, November 4th. Finally, Piper Sandler reduced their target price on shares of Howard Hughes from $100.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, October 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.50.

About Howard Hughes

(Get Rating)

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport District; and Strategic Developments. As of December 31, 2020, the Operating Assets segment owned 15 retail, 33 office, 12 multi-family, 3 hospitality, and 13 other operating assets and investments primarily located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii.

See Also

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

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

Receive News & Ratings for Howard Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes and related companies with MarketBeat.com's FREE daily email newsletter.