Credit Suisse AG Has $3.37 Million Stock Position in The Howard Hughes Co. (NYSE:HHC)

Credit Suisse AG boosted its position in The Howard Hughes Co. (NYSE:HHC) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,170 shares of the financial services provider’s stock after buying an additional 1,972 shares during the quarter. Credit Suisse AG owned approximately 0.08% of Howard Hughes worth $3,374,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HHC. LPL Financial LLC grew its holdings in Howard Hughes by 2.6% in the 1st quarter. LPL Financial LLC now owns 12,209 shares of the financial services provider’s stock valued at $977,000 after buying an additional 310 shares during the last quarter. Motley Fool Wealth Management LLC grew its stake in shares of Howard Hughes by 1.9% in the first quarter. Motley Fool Wealth Management LLC now owns 219,515 shares of the financial services provider’s stock worth $17,561,000 after acquiring an additional 3,994 shares during the last quarter. Jag Capital Management LLC bought a new position in Howard Hughes during the first quarter worth $210,000. Keeley Teton Advisors LLC raised its stake in Howard Hughes by 4.0% during the 1st quarter. Keeley Teton Advisors LLC now owns 14,133 shares of the financial services provider’s stock valued at $1,131,000 after purchasing an additional 548 shares during the last quarter. Finally, ING Groep NV bought a new stake in Howard Hughes in the 1st quarter valued at $4,856,000. Institutional investors own 95.27% of the company’s stock.

Howard Hughes Price Performance

Shares of Howard Hughes stock opened at $78.76 on Friday. The Howard Hughes Co. has a twelve month low of $50.90 and a twelve month high of $89.58. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $3.95 billion, a P/E ratio of 32.68 and a beta of 1.47. The firm’s 50-day simple moving average is $80.71 and its 200-day simple moving average is $78.72.

Howard Hughes (NYSE:HHC) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.18). Howard Hughes had a net margin of 7.72% and a return on equity of 3.33%. The company had revenue of $223.32 million during the quarter, compared to the consensus estimate of $217.65 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. As a group, research analysts expect that The Howard Hughes Co. will post -1.2 EPS for the current fiscal year.

Insider Buying and Selling at Howard Hughes

In other news, Director Pershing Square Capital Manage purchased 21,731 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was purchased at an average cost of $74.84 per share, with a total value of $1,626,348.04. Following the acquisition, the director now directly owns 16,551,782 shares of the company’s stock, valued at approximately $1,238,735,364.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 45,537 shares of company stock valued at $3,407,335. 33.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HHC has been the subject of a number of research analyst reports. Piper Sandler cut their price objective on shares of Howard Hughes from $100.00 to $95.00 in a research report on Wednesday, May 31st. StockNews.com started coverage on Howard Hughes in a report on Sunday, August 27th. They set a “sell” rating on the stock.

Howard Hughes Company 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.