Pershing Square Capital Management LP Increases Holding in Howard Hughes Corp (HHC)

October 13, 2017 - By wolcottdaily

Investors sentiment increased to 1.56 in 2017 Q2. Its up 0.05, from 1.51 in 2017Q1. It is positive, 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. Moore Cap Lp, a New York-based fund reported 23,049 shares. Lederer Investment Counsel Ca invested in 1.26% or 10,645 shares. Pnc Group Inc reported 22,520 shares. 360 are held by Baldwin Brothers Ma. 15,000 were reported by Knott David M. Prelude Cap Ltd reported 0.03% in Howard Hughes Corp (NYSE:HHC). Creative Planning stated it has 13,426 shares or 0.01% of all its holdings. Principal Grp, a Iowa-based fund reported 1.10 million shares. Bluestein R H & owns 0.02% invested in Howard Hughes Corp (NYSE:HHC) for 3,000 shares. Fsi Gp Ltd has invested 1.5% in Howard Hughes Corp (NYSE:HHC). Hightower Advisors Ltd Liability Company invested 0% of its portfolio in Howard Hughes Corp (NYSE:HHC). Brown Brothers Harriman Company invested in 0% or 1,000 shares. Teacher Retirement Sys Of Texas accumulated 0% or 3,060 shares. 4,459 were accumulated by First Republic Inv Mngmt Inc. Fifth Third Bankshares owns 0% invested in Howard Hughes Corp (NYSE:HHC) for 200 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 1.14M shares as the company’s stock rose 10.78% with the market. The hedge fund run by Bill Ackman held 4.70 million 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 $626.09 million 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, Dallasnews.com published: “Why a Dallas firm with a famous name cares if Las Vegas keeps its pro baseball …” on October 11, 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 Streetinsider.com‘s news article titled: “Howard Hughes Corp. (HHC) Announce New 10-Yr Employment Agreement with …” with publication date: October 05, 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. The firm has “Buy” rating by JMP Securities given on Sunday, August 16. The firm earned “Market Outperform” rating on Monday, October 31 by CJS Securities. The firm has “Buy” rating given on Tuesday, December 8 by Compass Point. The stock has “Buy” rating by Citigroup on Friday, May 13. The rating was maintained by Compass Point with “Buy” on Monday, May 23. As per Thursday, March 30, the company rating was initiated by Sandler O’Neill. The stock of Howard Hughes Corp (NYSE:HHC) has “Buy” rating given on Thursday, June 8 by BWS Financial. The stock has “Buy” rating by Citigroup on Wednesday, August 10. The stock has “Sell” rating by TheStreet on Thursday, September 24.

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