As Howard Hughes Corp (HHC) Market Value Rose, Shareholder Pershing Square Capital Management LP Has Lifted Stake

October 13, 2017 - By Richard Conner

Investors sentiment increased to 1.56 in 2017 Q2. Its up 0.05, from 1.51 in 2017Q1. It improved, as 15 investors sold HHC shares while 58 reduced holdings. 35 funds opened positions while 79 raised stakes. 34.54 million shares or 4.42% more from 33.08 million shares in 2017Q1 were reported. Epoch Inv Partners reported 232,021 shares stake. Comerica State Bank stated it has 69,515 shares. Moreover, First Tru Advsrs LP has 0.02% invested in Howard Hughes Corp (NYSE:HHC) for 54,111 shares. Private State Bank And Tru Com reported 0.07% in Howard Hughes Corp (NYSE:HHC). Neuberger Berman Group Inc Limited Liability Com holds 1,800 shares. California Pub Employees Retirement Systems stated it has 0.02% in Howard Hughes Corp (NYSE:HHC). Greystone Management Ltd Com holds 4.39% or 73,545 shares. New York State Common Retirement Fund, New York-based fund reported 80,118 shares. Alpine Woods Invsts Ltd Liability stated it has 60,000 shares. Montana-based Da Davidson has invested 0% in Howard Hughes Corp (NYSE:HHC). 171,809 were accumulated by Fincl Bank Of America De. Fiduciary Co reported 1,000 shares. Pnc Group reported 22,520 shares stake. Teacher Retirement Of Texas stated it has 3,060 shares. Millennium Mgmt Ltd Co owns 6,179 shares.

Since June 5, 2017, it had 0 buys, and 1 sale for $3.80 million activity.

Bill Ackman increased its stake in Howard Hughes Corp (HHC) by 31.85% based on its latest 2017Q2 regulatory filing with the SEC. Pershing Square Capital Management Lp bought 1.14 million shares as the company’s stock rose 10.78% with the market. The hedge fund run by Bill Ackman held 4.70M shares of the real estate investment trusts company at the end of 2017Q2, valued at $577.91 million, up from 3.57 million at the end of the previous reported quarter. Pershing Square Capital Management Lp who had been investing in Howard Hughes Corp for a number of months, seems to be bullish on the $5.29B market cap company. The stock rose 0.06% or $0.07 reaching $122.5 per share. About 217,108 shares traded or 13.37% up from the average. Howard Hughes Corp (NYSE:HHC) has risen 25.50% since October 13, 2016 and is uptrending. It has outperformed by 8.80% the S&P500.

Pershing Square Capital Management Lp, which manages about $15.21B and $6.01B US Long portfolio, decreased its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 5.45 million shares to 14.50M shares, valued at $626.09M in 2017Q2, according to the filing.

More notable recent Howard Hughes Corp (NYSE:HHC) news were published by: Reviewjournal.com which released: “Howard Hughes Corp. plans Summerlin residential complex” on September 15, 2017, also Businesswire.com with their article: “The Howard Hughes Corporation® Announces Creation of ESPN Live Broadcasting …” published on October 10, 2017, Streetinsider.com published: “Howard Hughes Corp. (HHC) Announce New 10-Yr Employment Agreement with …” on October 05, 2017. More interesting news about Howard Hughes Corp (NYSE:HHC) were released by: Law360.com and their article: “Howard Hughes Corp. Wins Coverage For Sandy Damage” published on October 12, 2017 as well as Dallasnews.com‘s news article titled: “Why a Dallas firm with a famous name cares if Las Vegas keeps its pro baseball …” with publication date: October 11, 2017.

Howard Hughes Corp (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 11 analyst reports since August 14, 2015 according to SRatingsIntel. On Thursday, March 30 the stock rating was initiated by Sandler O’Neill with “Hold”. The firm has “Buy” rating by Citigroup given on Wednesday, August 10. Compass Point maintained the stock with “Buy” rating in Monday, May 23 report. Citigroup initiated the shares of HHC in report on Friday, May 13 with “Buy” rating. As per Monday, October 31, the company rating was initiated by CJS Securities. The firm has “Buy” rating given on Sunday, August 16 by JMP Securities. The firm has “Sell” rating by TheStreet given on Thursday, September 24. The firm earned “Buy” rating on Tuesday, December 8 by Compass Point. The stock has “Buy” rating by BWS Financial on Thursday, June 8.

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