Pershing Square Capital Management LP Upped Its Holding in Howard Hughes Corp (HHC) by $138.66 Million as Shares Rose

October 13, 2017 - By Hazel Jackson

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. Seizert Capital Ptnrs Limited Liability Com holds 2.32% of its portfolio in Howard Hughes Corp (NYSE:HHC) for 522,614 shares. Bancshares Of Hawaii owns 4,698 shares. 3,000 were reported by Prospector Partners Ltd Co. Oppenheimer invested in 4,109 shares. Balyasny Asset Ltd Com holds 0.09% or 170,432 shares in its portfolio. Advisory Rech has invested 0.43% of its portfolio in Howard Hughes Corp (NYSE:HHC). 360 are owned by Baldwin Brothers Ma. Caledonia (Private) Invs Pty Ltd invested 3.37% in Howard Hughes Corp (NYSE:HHC). Menlo Ltd Co owns 4.32% invested in Howard Hughes Corp (NYSE:HHC) for 47,843 shares. Fiduciary reported 0% in Howard Hughes Corp (NYSE:HHC). M&T Commercial Bank Corp reported 2,825 shares. Da Davidson holds 0% or 493 shares in its portfolio. Paloma Partners Mngmt holds 0.01% or 4,024 shares in its portfolio. Ameriprise Fincl accumulated 35,242 shares. 13D Mgmt Ltd Liability Com has invested 4.42% in Howard Hughes Corp (NYSE:HHC).

Since June 5, 2017, it had 0 insider buys, and 1 insider 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 3.57M 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 $15.21 billion and $6.01 billion US Long portfolio, decreased its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 5.45M shares to 14.50 million shares, valued at $626.09M in 2017Q2, according to the filing.

More notable recent Howard Hughes Corp (NYSE:HHC) news were published by: Dallasnews.com which released: “Why a Dallas firm with a famous name cares if Las Vegas keeps its pro baseball …” on October 11, 2017, also Streetinsider.com with their article: “Howard Hughes Corp. (HHC) Announce New 10-Yr Employment Agreement with …” published on October 05, 2017, Reviewjournal.com published: “Howard Hughes Corp. plans Summerlin residential complex” on September 15, 2017. More interesting news about Howard Hughes Corp (NYSE:HHC) were released by: Businesswire.com and their article: “The Howard Hughes Corporation® Announces Creation of ESPN Live Broadcasting …” published on October 10, 2017 as well as Law360.com‘s news article titled: “Howard Hughes Corp. Wins Coverage For Sandy Damage” with publication date: October 12, 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. Citigroup maintained Howard Hughes Corp (NYSE:HHC) on Wednesday, August 10 with “Buy” rating. The stock of Howard Hughes Corp (NYSE:HHC) earned “Buy” rating by Citigroup on Friday, May 13. BWS Financial initiated the shares of HHC in report on Thursday, June 8 with “Buy” rating. The rating was downgraded by TheStreet on Thursday, September 24 to “Sell”. The rating was maintained by Compass Point on Tuesday, December 8 with “Buy”. Compass Point maintained the stock with “Buy” rating in Monday, May 23 report. Sandler O’Neill initiated the shares of HHC in report on Thursday, March 30 with “Hold” rating. The stock of Howard Hughes Corp (NYSE:HHC) earned “Buy” rating by JMP Securities on Sunday, August 16. The rating was initiated by CJS Securities on Monday, October 31 with “Market Outperform”.

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