Jane Mendillo decreased its stake in Howard Hughes Corp (HHC) by 12.69% based on its latest 2016Q3 regulatory filing with the SEC. Harvard Management Co Inc sold 42,000 shares as the company’s stock rose 1.22% with the market. The hedge fund run by Jane Mendillo held 289,000 shares of the real estate investment trusts company at the end of 2016Q3, valued at $33.09 million, down from 331,000 at the end of the previous reported quarter. Harvard Management Co Inc who had been investing in Howard Hughes Corp for a number of months, seems to be less bullish one the $4.30 billion market cap company. The stock increased 0.76% or $0.83 during the last trading session, hitting $109.97. Howard Hughes Corp (NYSE:HHC) has declined 3.96% since June 7, 2016 and is downtrending. It has underperformed by 11.39% the S&P500.
A fully owned subsidiary of Harvard University, the Harvard Management Company is currently overseen by Jane Mendillo who is a graduate of Yale. Since the summer of 2008, she has long been the company’s President and CEO.
Insitutional Activity: The institutional sentiment increased to 1.36 in Q3 2016. Its up 0.29, from 1.07 in 2016Q2. The ratio is positive, as 17 funds sold all HHC shares owned while 53 reduced positions. 17 funds bought stakes while 78 increased positions. They now own 30.89 million shares or 1.35% more from 30.48 million shares in 2016Q2. Fmr Ltd Llc holds 0% of its portfolio in Howard Hughes Corp (NYSE:HHC) for 160,920 shares. The Connecticut-based Paloma Prtnrs has invested 0.01% in Howard Hughes Corp (NYSE:HHC). American Intll Grp owns 1,121 shares or 0% of their US portfolio. Invesco Limited accumulated 20,981 shares or 0% of the stock. Brenner West Cap Advsrs accumulated 342,049 shares or 3.5% of the stock. Schwab Charles Invest Mngmt has 0.02% invested in the company for 125,238 shares. First Manhattan has 0.03% invested in the company for 46,389 shares. The Wisconsin-based Northwestern Mutual Wealth Com has invested 0% in Howard Hughes Corp (NYSE:HHC). Wells Fargo And Mn holds 0% of its portfolio in Howard Hughes Corp (NYSE:HHC) for 66,705 shares. Brown Advisory, a Maryland-based fund reported 4,841 shares. Moreover, Blackrock Mngmt Lc has 0% invested in Howard Hughes Corp (NYSE:HHC) for 18,866 shares. Eagle Global Advsrs Limited Liability holds 2,400 shares or 0.01% of its portfolio. Guggenheim Capital Ltd Company holds 2,574 shares or 0% of its portfolio. Voya Invest Mngmt Limited Liability holds 0% or 12,362 shares in its portfolio. Public Employees Retirement Association Of Colorado holds 8,310 shares or 0.01% of its portfolio.
Insider Transactions: Since January 3, 2017, the stock had 0 buys, and 2 sales for $13.22 million net activity. On Wednesday, January 4 the insider Davidsohn Reuben Seth sold $791,188. Herlitz Grant had sold 110,000 shares worth $12.43 million.
Analysts await Howard Hughes Corp (NYSE:HHC) to report earnings on March, 6.
More notable recent Howard Hughes Corp (NYSE:HHC) news were published by: Streetinsider.com which released: “Howard Hughes Corp. (HHC) Buys Two Office Buildings in Downtown Columbia” on January 11, 2017, also Streetinsider.com with their article: “Howard Hughes Corp. (HHC) Acquire 1.4 acre Macy’s Store and Parking Field at …” published on January 09, 2017, Bizjournals.com published: “Howard Hughes wins approval for 751-unit Kakaako tower” on January 05, 2017. More interesting news about Howard Hughes Corp (NYSE:HHC) were released by: Reuters.com and their article: “BRIEF-Howard Hughes Corp closes two construction loans totaling over $372 …” published on January 05, 2017 as well as Fool.com‘s news article titled: “Condo Sales Continue to Drive Howard Hughes Corp’s Results” with publication date: November 09, 2016.
According to Zacks Investment Research, “Howard Hughes Corporation operates as a real estate company engaged in the development of master planned communities and other strategic real estate development opportunities across the United States. The Company operates its business in two lines of business: Master Planned Communities and Strategic Development. Its Master Planned Communities segment consists of the development and sale of residential and commercial land, primarily in large-scale projects in and around Columbia, Maryland; Houston, Texas; and Las Vegas, Nevada. Its Strategic Development segment is made up of near, medium and long-term real estate properties and development projects. Howard Hughes Corporation is headquartered in Wacker Drive, Chicago.”
Howard Hughes Corp (NYSE:HHC) Ratings Coverage
Out of 5 analysts covering Howard Hughes (NYSE:HHC), 4 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 80% are positive. Howard Hughes has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. JMP Securities maintained the stock with “Buy” rating in Sunday, August 16 report. The stock has “Sell” rating given by TheStreet on Thursday, September 24. On Monday, May 23 the stock rating was maintained by Compass Point with “Buy”. The firm earned “Buy” rating on Wednesday, August 10 by Citigroup. On Tuesday, December 8 the stock rating was maintained by Compass Point with “Buy”. The stock has “Buy” rating given by Citigroup on Friday, May 13. On Monday, October 31 the stock rating was initiated by CJS Securities with “Market Outperform”.
HHC Company Profile
The Howard Hughes Corporation, incorporated on July 1, 2010, is a developer of master planned communities and mixed use properties. The Firm is engaged in development of master planned communities and the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments. The Firm operates its business in three divisions: Master Planned Communities, Operating Assets and Strategic Developments.
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