State Board of Administration of Florida Retirement System Sells 5,782 Shares of Howard Hughes Corp (NYSE:HHC)

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State Board of Administration of Florida Retirement System lowered its holdings in Howard Hughes Corp (NYSE:HHC) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,714 shares of the financial services provider’s stock after selling 5,782 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.14% of Howard Hughes worth $7,395,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HHC. Advisor Group Inc. boosted its holdings in shares of Howard Hughes by 11.8% in the 2nd quarter. Advisor Group Inc. now owns 852 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 90 shares during the last quarter. Independent Investors Inc. boosted 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 buying an additional 100 shares during the period. Lederer & Associates Investment Counsel CA boosted 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 buying an additional 110 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of Howard Hughes by 75.0% in the second quarter. AdvisorNet Financial Inc now owns 350 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 150 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Howard Hughes by 7.9% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 2,239 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 81.84% of the company’s stock.

Shares of HHC remained flat at $$126.13 during trading hours on Wednesday. The stock had a trading volume of 316 shares, compared to its average volume of 232,353. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 95.55 and a beta of 1.33. 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 Corp has a 52 week low of $89.51 and a 52 week high of $135.42. The stock has a fifty day simple moving average of $130.11 and a two-hundred day simple moving average of $115.10.

Howard Hughes (NYSE:HHC) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. Howard Hughes had a return on equity of 3.24% and a net margin of 7.03%. The company had revenue of $431.32 million during the quarter, compared to the consensus estimate of $397.43 million. During the same period last year, the business earned ($0.12) EPS. The business’s quarterly revenue was up 138.3% on a year-over-year basis. On average, research analysts forecast that Howard Hughes Corp will post 0.78 earnings per share for the current fiscal year.

HHC has been the topic of a number of research analyst reports. TheStreet cut shares of Howard Hughes from a “b-” rating to a “c” rating in a report on Wednesday, May 29th. Zacks Investment Research downgraded Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 15th.

Howard Hughes Company 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.

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

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