Horizon Kinetics LLC Has Lowered Howard Hughes Corp (HHC) Holding by $10.13 Million

May 18, 2018 - By Calvin Voll

The Howard Hughes Corporation (NYSE:HHC) LogoInvestors sentiment decreased to 1.31 in Q4 2017. Its down 0.14, from 1.45 in 2017Q3. It worsened, 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. 10,467 were reported by Barr E S And Company. Commercial Bank Of Mellon Corporation reported 125,331 shares. Mcclain Value Limited Liability Corp reported 23,057 shares. Lombard Odier Asset (Usa) accumulated 0.83% or 82,101 shares. Monarch Ptnrs Asset Mngmt Lc has 160,713 shares for 1.97% of their portfolio. 20,000 are held by Knott David M. Paragon Assocs & Paragon Assocs Ii Joint Venture holds 2.18% or 20,000 shares. Dreman Value Mgmt L L C holds 0.13% in The Howard Hughes Corporation (NYSE:HHC) or 1,780 shares. Montag A And Inc stated it has 0.03% in The Howard Hughes Corporation (NYSE:HHC). State Street Corp invested 0.01% of its portfolio in The Howard Hughes Corporation (NYSE:HHC). Seabridge Advsr Ltd Liability Corp has 2.3% invested in The Howard Hughes Corporation (NYSE:HHC). 4.70M are owned by Pershing Square Capital Mgmt Limited Partnership. Veritable Limited Partnership reported 0.02% in The Howard Hughes Corporation (NYSE:HHC). Mad River accumulated 12.52% or 87,079 shares. Blackrock owns 1.62M shares.

Since December 29, 2017, it had 0 insider buys, and 4 selling transactions for $377.34 million activity. Davidsohn Reuben Seth sold $1.29M worth of stock or 9,445 shares. Shares for $1.01 million were sold by Vasquez Sarah M. $319.65 million worth of The Howard Hughes Corporation (NYSE:HHC) was sold by Pershing Square Capital Management – L.P. on Friday, December 29.

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 $322.01 million, down from 2.53 million 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 Cboe Global Markets Inc (NASDAQ:CBOE) by 155,127 shares to 634,051 shares, valued at $79.00M 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: Gurufocus.com which released: “Bill Ackman Comments on The Howard Hughes Corp” on May 17, 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’s Pershing Square 1st Quarter Letter to Shareholders” 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 Seekingalpha.com‘s news article titled: “Howard Hughes Corp’s (HHC) CEO David Weinreb on Q1 2018 Results – Earnings Call Transcript” with publication date: May 02, 2018.

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

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