US Bancorp DE Has $464,000 Stock Holdings in The Howard Hughes Co. (NYSE:HHC)

US Bancorp DE reduced its holdings in shares of The Howard Hughes Co. (NYSE:HHC) by 32.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,795 shares of the financial services provider’s stock after selling 2,789 shares during the quarter. US Bancorp DE’s holdings in Howard Hughes were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HHC. Tower Research Capital LLC TRC raised its position in Howard Hughes by 39.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 632 shares of the financial services provider’s stock valued at $35,000 after buying an additional 178 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in shares of Howard Hughes by 72,600.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 727 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 726 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Howard Hughes during the first quarter worth about $86,000. Captrust Financial Advisors grew its position in Howard Hughes by 14.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,550 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 200 shares in the last quarter. Finally, Carmel Capital Partners LLC purchased a new stake in Howard Hughes in the 1st quarter valued at about $136,000. 95.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HHC has been the subject of several recent analyst reports. Piper Sandler reduced their target price on Howard Hughes from $100.00 to $95.00 in a report on Wednesday, May 31st. StockNews.com started coverage on Howard Hughes in a research report on Saturday, August 19th. They set a “sell” rating for the company.

Howard Hughes Trading Up 0.2 %

Shares of HHC stock opened at $78.76 on Friday. The Howard Hughes Co. has a 12-month low of $50.90 and a 12-month high of $89.58. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.39. The company has a 50 day moving average of $80.36 and a 200-day moving average of $78.97. The firm has a market cap of $3.95 billion, a P/E ratio of 32.68 and a beta of 1.47.

Howard Hughes (NYSE:HHC) last issued its earnings results on Tuesday, August 8th. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.18). The firm had revenue of $223.32 million during the quarter, compared to the consensus estimate of $217.65 million. Howard Hughes had a net margin of 7.72% and a return on equity of 3.33%. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Sell-side analysts anticipate that The Howard Hughes Co. will post -1.2 earnings per share for the current year.

Insiders Place Their Bets

In other Howard Hughes news, Director Pershing Square Capital Manage purchased 15,609 shares of the stock in a transaction dated Thursday, June 1st. The shares were bought at an average price of $74.71 per share, with a total value of $1,166,148.39. Following the completion of the transaction, the director now directly owns 16,489,284 shares in the company, valued at approximately $1,231,914,407.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 83,321 shares of company stock worth $6,230,177 over the last quarter. 33.00% of the stock is currently owned by company insiders.

Howard Hughes Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment owns retail, office, multi-family, hospitality, and other operating properties and investments primarily located in Houston, Texas; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii.