Stock of the Day: Howard Hughes Corp Declines A lot Today, Is Now One of The Worst Performer

Stock of the Day: Howard Hughes Corp Declines A lot Today, Is Now One of The Worst Performer

The stock of Howard Hughes Corp (NYSE:HHC) is a huge mover today! About 131,889 shares traded hands or 22.75% up from the average. Howard Hughes Corp (NYSE:HHC) has risen 4.27% since April 6, 2016 and is uptrending. It has outperformed by 2.31% the S&P500.
The move comes after 7 months negative chart setup for the $4.22B company. It was reported on Nov, 8 by Barchart.com. We have $97.15 PT which if reached, will make NYSE:HHC worth $253.20M less.

Analysts await Howard Hughes Corp (NYSE:HHC) to report earnings on November, 14.

Howard Hughes Corp (NYSE:HHC) Ratings Coverage

Out of 5 analysts covering Howard Hughes (NYSE:HHC), 4 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 80% are positive. Howard Hughes has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Citigroup initiated Howard Hughes Corp (NYSE:HHC) rating on Friday, May 13. Citigroup has “Buy” rating and $165 price target. The rating was initiated by CJS Securities on Monday, October 31 with “Market Outperform”. The rating was downgraded by TheStreet on Thursday, September 24 to “Sell”. The firm has “Buy” rating by JMP Securities given on Sunday, August 16. As per Monday, May 23, the company rating was maintained by Compass Point. As per Tuesday, December 8, the company rating was maintained by Compass Point. The stock of Howard Hughes Corp (NYSE:HHC) earned “Buy” rating by Citigroup on Wednesday, August 10.

According to Zacks Investment Research, “Howard Hughes Corporation operates as a real estate company engaged in the development of master planned communities and other strategic real estate development opportunities across the United States. The Company operates its business in two lines of business: Master Planned Communities and Strategic Development. Its Master Planned Communities segment consists of the development and sale of residential and commercial land, primarily in large-scale projects in and around Columbia, Maryland; Houston, Texas; and Las Vegas, Nevada. Its Strategic Development segment is made up of near, medium and long-term real estate properties and development projects. Howard Hughes Corporation is headquartered in Wacker Drive, Chicago.”

Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.03, from 1.1 in 2016Q1. The ratio fall, as 23 funds sold all Howard Hughes Corp shares owned while 62 reduced positions. 19 funds bought stakes while 72 increased positions. They now own 30.48 million shares or 0.37% more from 30.37 million shares in 2016Q1.
Tyrian Investments Ltd Partnership holds 3.93% or 33,800 shares in its portfolio. Blackrock Institutional Na holds 900,356 shares or 0.02% of its portfolio. Gotham Asset Mgmt Limited Liability Corporation holds 0% or 2,140 shares in its portfolio. Barclays Public Limited Com holds 0.01% or 35,506 shares in its portfolio. Blackrock holds 0% or 33,977 shares in its portfolio. Veritable Limited Partnership holds 5,988 shares or 0.02% of its portfolio. Seabridge Llc holds 78,747 shares or 2.28% of its portfolio. Seizert Cap Prtn Ltd holds 137,833 shares or 0.6% of its portfolio. Credit Suisse Ag accumulated 0% or 39,160 shares. Ubs Asset Americas holds 0% or 26,630 shares in its portfolio. Stifel Corporation accumulated 0% or 4,495 shares. The United Kingdom-based Baillie Gifford And has invested 0.37% in Howard Hughes Corp (NYSE:HHC). Vnbtrust Natl Association has 47,920 shares for 3.21% of their US portfolio. Comerica Fincl Bank owns 65,410 shares or 0.07% of their US portfolio. California Employees Retirement Sys accumulated 0.02% or 86,900 shares.

More notable recent Howard Hughes Corp (NYSE:HHC) news were published by: Reuters.com which released: “BRIEF-The Howard Hughes Corporation reports third quarter 2016 results” on November 08, 2016, also Bizjournals.com with their article: “Dallas’ Howard Hughes Corp. names new C-suite leader” published on October 11, 2016, Businesswire.com published: “The Howard Hughes Corporation® Issues Letter to Shareholders” on March 23, 2016. More interesting news about Howard Hughes Corp (NYSE:HHC) were released by: Bizjournals.com and their article: “Hillwood, Howard Hughes Corp. to develop 2M SF at Westlake’s Circle T Ranch” published on August 17, 2016 as well as Therealdeal.com‘s news article titled: “The Seaport’s sea change” with publication date: October 03, 2016.

HHC Company Profile

The Howard Hughes Corporation, incorporated on July 1, 2010, is a developer of master planned communities and mixed use properties. The Firm is engaged in development of master planned communities and the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments. The Firm operates its business in three divisions: Master Planned Communities, Operating Assets and Strategic Developments.

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