Is The Howard Hughes Corporation (HHC) a Sell? The Stock Formed Bearish Head & Shoulders

June 24, 2018 - By reb123z

The Howard Hughes Corporation (NYSE:HHC) Logo

Investors sentiment increased to 1.49 in 2018 Q1. Its up 0.18, from 1.31 in 2017Q4. It increased, as 18 investors sold The Howard Hughes Corporation shares while 60 reduced holdings. 36 funds opened positions while 80 raised stakes. 35.00 million shares or 2.97% more from 33.99 million shares in 2017Q4 were reported.
Vanguard Grp Inc holds 4.04 million shares. Twin Tree Ltd Partnership invested in 11,860 shares. Moreover, Grand Jean Cap Mgmt has 3.94% invested in The Howard Hughes Corporation (NYSE:HHC) for 74,720 shares. 8,757 are held by Invesco Ltd. 532,578 are held by Seizert Capital Prns Limited Co. 13D Mngmt Ltd Liability has 5.04% invested in The Howard Hughes Corporation (NYSE:HHC) for 130,528 shares. Signaturefd Ltd Liability Company holds 0% or 97 shares in its portfolio. Beech Hill Advisors Inc holds 0.34% or 4,675 shares. Mad River invested 11.66% in The Howard Hughes Corporation (NYSE:HHC). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in The Howard Hughes Corporation (NYSE:HHC). Quantitative Lc has 0.05% invested in The Howard Hughes Corporation (NYSE:HHC) for 21,300 shares. Sentinel Trust Com Lba reported 2,437 shares. Stratos Wealth Ptnrs owns 39 shares. Loeb Prns Corp holds 0.3% or 5,000 shares in its portfolio. 130,000 were reported by Cap Growth Mgmt L P.

Since December 29, 2017, it had 0 buys, and 4 insider sales for $377.34 million activity. 400,000 The Howard Hughes Corporation (NYSE:HHC) shares with value of $55.38M were sold by Weinreb David. $319.65 million worth of stock was sold by Pershing Square Capital Management – L.P. on Friday, December 29. Shares for $1.01M were sold by Vasquez Sarah M on Thursday, March 15.

The stock of The Howard Hughes Corporation (HHC) formed H&S with $127.73 target or 4.00 % below today’s $133.05 share price. The 6 months Head & Shoulders indicates high risk for the $5.72 billion company. It was reported on Jun, 24 by Faxor.com. If the $127.73 price target is reached, the company will be worth $228.76 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 0.60% or $0.8 during the last trading session, reaching $133.05. About 493,636 shares traded or 117.37% up from the average. The Howard Hughes Corporation (NYSE:HHC) has declined 0.84% since June 24, 2017 and is downtrending. It has underperformed by 13.41% the S&P500.

Analysts await The Howard Hughes Corporation (NYSE:HHC) to report earnings on August, 6. They expect $-0.19 EPS, down 371.43 % or $0.26 from last year’s $0.07 per share. After $0.03 actual EPS reported by The Howard Hughes Corporation for the previous quarter, Wall Street now forecasts -733.33 % negative EPS growth.

The Howard Hughes Corporation (NYSE:HHC) Ratings Coverage

Among 2 analysts covering Howard Hughes (NYSE:HHC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Howard Hughes had 3 analyst reports since March 8, 2018 according to SRatingsIntel. Citigroup initiated the shares of HHC in report on Tuesday, June 19 with “Buy” rating. Sandler O’Neill upgraded the stock to “Buy” rating in Friday, June 1 report. The company was maintained on Thursday, March 8 by Sandler O’Neill.

More news for The Howard Hughes Corporation (NYSE:HHC) were recently published by: Seekingalpha.com, which released: “Howard Hughes Corp. starts construction on 55-story Chicago office tower” on June 15, 2018. Bizjournals.com‘s article titled: “Nearly 500 Woodlands residents file flood-related lawsuit against developers, engineering firm” and published on June 01, 2018 is yet another important article.

The Howard Hughes Corporation develops and operates master planned communities, and mixed-use and other real estate properties in the United States. The company has market cap of $5.72 billion. It operates in three divisions: Master Planned Communities, Operating Assets, and Strategic Developments. It has a 35.03 P/E ratio. The Master Planned Communities segment develops and sells residential and commercial land.

The Howard Hughes Corporation (NYSE:HHC) Institutional Positions Chart

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