Horizon Kinetics LLC Has Decreased Its Holding in Howard Hughes Corp (HHC) by $5.48 Million as Shares Rose

March 14, 2018 - By Marie Mckinney

Investors sentiment decreased to 1.45 in 2017 Q3. Its down 0.11, from 1.56 in 2017Q2. It is negative, as 20 investors sold HHC shares while 54 reduced holdings. 31 funds opened positions while 76 raised stakes. 35.06 million shares or 1.51% more from 34.54 million shares in 2017Q2 were reported. Knott David M holds 20,000 shares or 1.01% of its portfolio. Northern Corp invested in 173,465 shares. Vanguard Group Inc owns 0.02% invested in The Howard Hughes Corporation (NYSE:HHC) for 2.89M shares. Jacobs Levy Equity Management Inc owns 7,510 shares. Hbk Invs LP holds 4,499 shares. Jefferies Grp Ltd Limited Liability Company accumulated 5,049 shares. Capital Investors owns 0.01% invested in The Howard Hughes Corporation (NYSE:HHC) for 233,575 shares. 13D Limited Liability Corp owns 113,147 shares or 5.07% of their US portfolio. Shine Advisory Svcs owns 0.06% invested in The Howard Hughes Corporation (NYSE:HHC) for 997 shares. Rafferty Asset Mgmt Limited Liability Corporation, a New York-based fund reported 5,684 shares. Huntington Bancshares owns 37 shares or 0% of their US portfolio. Ancora Limited owns 0.01% invested in The Howard Hughes Corporation (NYSE:HHC) for 1,925 shares. M&T National Bank & Trust Corp has invested 0% of its portfolio in The Howard Hughes Corporation (NYSE:HHC). Guggenheim Cap Ltd Liability Com has invested 0.02% of its portfolio in The Howard Hughes Corporation (NYSE:HHC). Of Vermont holds 4,130 shares or 0.05% of its portfolio.

Since December 29, 2017, it had 0 insider buys, and 1 insider sale for $319.65 million activity.

Murray Stahl decreased its stake in Howard Hughes Corp (HHC) by 1.82% based on its latest 2017Q3 regulatory filing with the SEC. Horizon Kinetics Llc sold 46,842 shares as the company’s stock rose 10.78% with the market. The hedge fund run by Murray Stahl held 2.53M shares of the real estate investment trusts company at the end of 2017Q3, valued at $298.41M, down from 2.58M at the end of the previous reported quarter. Horizon Kinetics Llc who had been investing in Howard Hughes Corp for a number of months, seems to be less bullish one the $5.81B market cap company. The stock decreased 0.35% or $0.48 during the last trading session, reaching $136.95. About 175,586 shares traded. The Howard Hughes Corporation (NYSE:HHC) has risen 25.50% since March 14, 2017 and is uptrending. It has outperformed by 8.80% the S&P500.

Analysts await The Howard Hughes Corporation (NYSE:HHC) to report earnings on May, 2. They expect $0.37 earnings per share, up 184.62 % or $0.24 from last year’s $0.13 per share. HHC’s profit will be $15.70M for 92.53 P/E if the $0.37 EPS becomes a reality. After $1.28 actual earnings per share reported by The Howard Hughes Corporation for the previous quarter, Wall Street now forecasts -71.09 % negative EPS growth.

More notable recent The Howard Hughes Corporation (NYSE:HHC) news were published by: Bizjournals.com which released: “Howard Hughes launching unrestricted sales of 5th Honolulu tower in March” on February 14, 2018, also Investorplace.com with their article: “3 Stocks to Watch on Tuesday: Exelixis, Inc. (EXEL), Howard Hughes Corp (HHC …” published on February 27, 2018, Seekingalpha.com published: “Howard Hughes Corp’s (HHC) CEO David Weinreb on Q4 2017 Results – Earnings …” on February 27, 2018. More interesting news about The Howard Hughes Corporation (NYSE:HHC) were released by: Wsj.com and their article: “Howard Hughes Corp. Thrives as Ackman Trims His Holdings” published on February 27, 2018 as well as Seekingalpha.com‘s news article titled: “Whitney Tilson Puts All His Children’s College Savings In Berkshire, Howard …” with publication date: March 01, 2018.

The Howard Hughes Corporation (NYSE:HHC) Ratings Coverage

Among 7 analysts covering Howard Hughes (NYSE:HHC), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Howard Hughes had 12 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was downgraded by TheStreet on Thursday, September 24 to “Sell”. The stock of The Howard Hughes Corporation (NYSE:HHC) earned “Buy” rating by BWS Financial on Thursday, June 8. Compass Point maintained it with “Buy” rating and $195 target in Monday, May 23 report. The company was initiated on Thursday, March 30 by Sandler O’Neill. The company was maintained on Wednesday, August 10 by Citigroup. Sandler O’Neill maintained the stock with “Hold” rating in Thursday, March 8 report. The stock of The Howard Hughes Corporation (NYSE:HHC) earned “Market Outperform” rating by CJS Securities on Monday, October 31. As per Tuesday, December 8, the company rating was maintained by Compass Point. The firm has “Buy” rating given on Sunday, August 16 by JMP Securities. The rating was initiated by Citigroup with “Buy” on Friday, May 13.

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