Horizon Kinetics LLC Lowered Its Stake in Howard Hughes Corp (HHC) by $10.13 Million as Market Valuation Rose

May 18, 2018 - By Stephen Andrade

The Howard Hughes Corporation (NYSE:HHC) LogoInvestors sentiment decreased to 1.31 in 2017 Q4. Its down 0.14, from 1.45 in 2017Q3. It fall, as 24 investors sold HHC shares while 56 reduced holdings. 31 funds opened positions while 74 raised stakes. 33.99 million shares or 3.07% less from 35.06 million shares in 2017Q3 were reported. Palo Cap Incorporated holds 0.25% in The Howard Hughes Corporation (NYSE:HHC) or 4,350 shares. Eagle Ridge Inv Management, Connecticut-based fund reported 1,800 shares. Renaissance Technologies Lc invested in 0% or 31,771 shares. Lombard Odier Asset (Usa) holds 0.83% in The Howard Hughes Corporation (NYSE:HHC) or 82,101 shares. First Personal Finance invested in 66 shares. Norman Fields Gottscho Cap Mngmt Limited Liability Corporation invested in 22,310 shares. State Of New Jersey Common Pension Fund D has invested 0.11% in The Howard Hughes Corporation (NYSE:HHC). Moreover, State Common Retirement Fund has 0.01% invested in The Howard Hughes Corporation (NYSE:HHC). Moreover, Sg Americas Llc has 0% invested in The Howard Hughes Corporation (NYSE:HHC) for 3,148 shares. Envestnet Asset Mngmt Incorporated holds 1,200 shares or 0% of its portfolio. Independent Investors Inc holds 39,670 shares. Keybank National Association Oh accumulated 1,607 shares or 0% of the stock. Janney Montgomery Scott Ltd Liability invested 0% in The Howard Hughes Corporation (NYSE:HHC). State Board Of Administration Of Florida Retirement holds 0.02% or 67,773 shares in its portfolio. Ancora Advsrs Ltd Liability Co reported 1,875 shares.

Since December 29, 2017, it had 0 buys, and 4 sales for $377.34 million activity. 9,445 shares were sold by Davidsohn Reuben Seth, worth $1.29 million. Weinreb David sold 400,000 shares worth $55.38M. On Friday, December 29 the insider Pershing Square Capital Management – L.P. sold $319.65M.

Murray Stahl decreased its stake in Howard Hughes Corp (HHC) by 3.06% based on its latest 2017Q4 regulatory filing with the SEC. Horizon Kinetics Llc sold 77,359 shares as the company’s stock rose 5.09% while stock markets declined. The hedge fund run by Murray Stahl held 2.45M shares of the real estate investment trusts company at the end of 2017Q4, valued at $322.01M, down from 2.53M 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 $5.58B market cap company. The stock increased 0.10% or $0.13 during the last trading session, reaching $129.71. About 18,431 shares traded. The Howard Hughes Corporation (NYSE:HHC) has risen 19.22% since May 18, 2017 and is uptrending. It has outperformed by 7.67% the S&P500.

Horizon Kinetics Llc, which manages about $5.39B and $3.41 billion US Long portfolio, upped its stake in Cme Group Inc (NASDAQ:CME) by 204,542 shares to 213,998 shares, valued at $31.25M in 2017Q4, according to the filing.

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

More notable recent The Howard Hughes Corporation (NYSE:HHC) news were published by: Bizjournals.com which released: “Howard Hughes breaks ground on Central Plaza in its Ward Village in Honolulu” on May 16, 2018, also Bizjournals.com with their article: “New Howard Hughes apartment project coming to Bridgeland” published on May 07, 2018, Gurufocus.com published: “Bill Ackman Comments on The Howard Hughes Corp” on May 17, 2018. More interesting news about The Howard Hughes Corporation (NYSE:HHC) were released by: Benzinga.com and their article: “Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio” published on May 16, 2018 as well as Bizjournals.com‘s news article titled: “‘Wonder Woman 2’ to film at Alexandria’s dead Landmark Mall” with publication date: May 03, 2018.

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

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