Oxbow Advisors LLC Increases Position in Howard Hughes Corporation (The) (NYSE:HHC)

Oxbow Advisors LLC boosted its stake in shares of Howard Hughes Corporation (The) (NYSE:HHC) by 28.9% during the second quarter, Holdings Channel reports. The fund owned 21,076 shares of the financial services provider’s stock after buying an additional 4,721 shares during the period. Oxbow Advisors LLC’s holdings in Howard Hughes Corporation (The) were worth $2,589,000 at the end of the most recent reporting period.

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Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Howard Hughes Corporation (The) during the first quarter valued at about $104,000. Envestnet Asset Management Inc. boosted its stake in shares of Howard Hughes Corporation (The) by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,328 shares of the financial services provider’s stock valued at $151,000 after buying an additional 24 shares during the last quarter. Abner Herrman & Brock LLC purchased a new stake in shares of Howard Hughes Corporation (The) during the second quarter valued at about $202,000. Fayez Sarofim & Co purchased a new stake in shares of Howard Hughes Corporation (The) during the first quarter valued at about $204,000. Finally, Neuberger Berman Group LLC boosted its stake in shares of Howard Hughes Corporation (The) by 10.1% in the first quarter. Neuberger Berman Group LLC now owns 1,982 shares of the financial services provider’s stock valued at $232,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Shares of Howard Hughes Corporation (HHC) traded up 0.72% during mid-day trading on Tuesday, reaching $126.58. The company’s stock had a trading volume of 45,385 shares. The stock has a market capitalization of $5.06 billion, a P/E ratio of 78.04 and a beta of 1.42. The company has a 50 day moving average price of $123.00 and a 200 day moving average price of $119.04. Howard Hughes Corporation has a 12 month low of $101.20 and a 12 month high of $131.39.

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HHC has been the topic of several research reports. BWS Financial initiated coverage on Howard Hughes Corporation (The) in a research note on Thursday, June 8th. They set a “buy” rating and a $150.00 price objective on the stock. Sandler O’Neill initiated coverage on Howard Hughes Corporation (The) in a research note on Thursday, March 30th. They set a “hold” rating and a $123.00 price objective on the stock. Finally, BidaskClub upgraded Howard Hughes Corporation (The) from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $149.75.

In other Howard Hughes Corporation (The) news, EVP Christopher John Curry sold 30,000 shares of Howard Hughes Corporation (The) stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $126.62, for a total transaction of $3,798,600.00. Following the sale, the executive vice president now directly owns 42,935 shares of the company’s stock, valued at $5,436,429.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.80% of the stock is currently owned by insiders.

Howard Hughes Corporation (The) Company Profile

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in 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.

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