Howard Hughes Corp (NYSE:HHC) Stock Holdings Raised by Glassman Wealth Services

Glassman Wealth Services boosted its position in shares of Howard Hughes Corp (NYSE:HHC) by 102.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 509 shares of the financial services provider’s stock after acquiring an additional 258 shares during the quarter. Glassman Wealth Services’ holdings in Howard Hughes were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HHC. Advisor Group Inc. grew its position in shares of Howard Hughes by 11.8% in the second quarter. Advisor Group Inc. now owns 852 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 90 shares in the last quarter. Independent Investors Inc. lifted its stake in Howard Hughes by 0.3% during the second quarter. Independent Investors Inc. now owns 34,180 shares of the financial services provider’s stock worth $4,232,000 after purchasing an additional 100 shares in the last quarter. Lederer & Associates Investment Counsel CA lifted its stake in Howard Hughes by 1.2% during the second quarter. Lederer & Associates Investment Counsel CA now owns 9,170 shares of the financial services provider’s stock worth $1,136,000 after purchasing an additional 110 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Howard Hughes by 75.0% during the second quarter. AdvisorNet Financial Inc now owns 350 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 150 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in Howard Hughes by 7.9% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 2,239 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 163 shares in the last quarter. 84.19% of the stock is owned by institutional investors.

NYSE:HHC opened at $132.73 on Friday. The business’s fifty day moving average price is $129.34 and its 200 day moving average price is $116.18. The firm has a market capitalization of $5.60 billion, a PE ratio of 100.55 and a beta of 1.32. Howard Hughes Corp has a 12 month low of $89.51 and a 12 month high of $135.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.64.

Howard Hughes (NYSE:HHC) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. Howard Hughes had a net margin of 7.03% and a return on equity of 3.24%. The business had revenue of $431.32 million during the quarter, compared to the consensus estimate of $397.43 million. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. The business’s quarterly revenue was up 138.3% compared to the same quarter last year. As a group, equities analysts anticipate that Howard Hughes Corp will post 0.45 EPS for the current year.

A number of research analysts have commented on the company. Zacks Investment Research cut Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 15th. TheStreet lowered Howard Hughes from a “b-” rating to a “c” rating in a research report on Wednesday, May 29th.

Howard Hughes Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawai’i.

See Also: Price-Sales Ratio

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

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