As Howard Hughes Corp (HHC) Stock Price Rose, Pershing Square Capital Management LP Boosted Stake by $138.66 Million

October 13, 2017 - By Henry Gaston

Investors sentiment increased to 1.56 in Q2 2017. Its up 0.05, from 1.51 in 2017Q1. It increased, 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. Vanguard Gp Inc, a Pennsylvania-based fund reported 2.81 million shares. Canada Pension Plan Invest Board reported 96,000 shares. Peak6 Investments Limited Partnership holds 0% or 3,480 shares. Paragon And Paragon Ii Joint Venture has 20,000 shares for 2.79% of their portfolio. Westwood Grp has invested 0% in Howard Hughes Corp (NYSE:HHC). North Star Invest Mngmt Corp has 51 shares for 0% of their portfolio. 10,511 are held by Barr E S. California Public Employees Retirement System reported 76,500 shares. 47,843 are held by Menlo Advisors Lc. Voya Investment Limited Liability Company owns 9,535 shares or 0% of their US portfolio. The New York-based Norman Fields Gottscho Capital Management Ltd has invested 1.45% in Howard Hughes Corp (NYSE:HHC). Moreover, Proshare Advsr Ltd Liability Corporation has 0.01% invested in Howard Hughes Corp (NYSE:HHC) for 9,642 shares. Dimensional Fund Advisors LP holds 0.02% or 328,982 shares in its portfolio. Ingalls & Snyder Limited Liability Corp reported 44,510 shares. Veritable Limited Partnership owns 6,322 shares.

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 5.45 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 Streetinsider.com with their article: “Howard Hughes Corp. (HHC) Announce New 10-Yr Employment Agreement with …” published on October 05, 2017, Law360.com published: “Howard Hughes Corp. Wins Coverage For Sandy Damage” on October 12, 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 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. The stock has “Buy” rating by Compass Point on Tuesday, December 8. TheStreet downgraded the shares of HHC in report on Thursday, September 24 to “Sell” rating. Compass Point maintained it with “Buy” rating and $195 target in Monday, May 23 report. The firm has “Buy” rating by Citigroup given on Friday, May 13. BWS Financial initiated the shares of HHC in report on Thursday, June 8 with “Buy” rating. JMP Securities maintained the stock with “Buy” rating in Sunday, August 16 report. Citigroup maintained Howard Hughes Corp (NYSE:HHC) rating on Wednesday, August 10. Citigroup has “Buy” rating and $166 target. The stock has “Market Outperform” rating by CJS Securities on Monday, October 31. The stock has “Hold” rating by Sandler O’Neill on Thursday, March 30.

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