Carleon Capital Partners adds Howard Hughes Corp (HHC) to its portfolio

Howard Hughes Corp (HHC) : Carleon Capital Partners added new position in Howard Hughes Corp during the most recent quarter end. The investment management firm now holds 16,500 shares of Howard Hughes Corp which is valued at $1,927,860 , the company said in a statement filed on Aug 9, 2016 with the SEC.Howard Hughes Corp makes up approximately 0.94% of Carleon Capital Partners’s portfolio.

Other Hedge Funds, Including , Mcclain Value Management added HHC to its portfolio by purchasing 40,963 company shares during the most recent quarter which is valued at $4,786,117. Howard Hughes Corp makes up approx 3.83% of Mcclain Value Management’s portfolio. Dupont Capital Management Corp added HHC to its portfolio by purchasing 19,000 company shares during the most recent quarter which is valued at $2,266,130. Howard Hughes Corp makes up approx 0.05% of Dupont Capital Management Corp’s portfolio.Vnbtrust National Association boosted its stake in HHC in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 47,920 shares of Howard Hughes Corp which is valued at $5,687,625. Howard Hughes Corp makes up approx 3.29% of Vnbtrust National Association’s portfolio.Pm Capital Ltd boosted its stake in HHC in the latest quarter, The investment management firm added 188,284 additional shares and now holds a total of 305,784 shares of Howard Hughes Corp which is valued at $36,293,503. Howard Hughes Corp makes up approx 5.72% of Pm Capital Ltd’s portfolio.

Howard Hughes Corp closed down -0.1 points or -0.09% at $115.9 with 1,18,017 shares getting traded on Wednesday. Post opening the session at $116.43, the shares hit an intraday low of $114.35 and an intraday high of $116.43 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Howard Hughes Corp reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.54 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $1.04. The company had revenue of $272.20 million for the quarter, compared to analysts expectations of $239.99 million. The company’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Howard Hughes Corp. Shares were Reiterated by Compass Point on May 23, 2016 to “Buy” and Lowered the Price Target to $ 195 from a previous price target of $200 .Citigroup Initiated Howard Hughes Corp on May 13, 2016 to “Buy”, Price Target of the shares are set at $165.

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in development of master planned communities and the ownership management and the redevelopment or repositioning of real estate assets which are generating revenues also called Operating Assets as well as other strategic real estate opportunities in the form of entitled and unentitled land and other development rights also called Strategic Developments. The Company operates its business in three segments: Master Planned Communities (MPC) Operating Assets and Strategic Developments. MPC segment consists of the development and sale of residential land and the development of commercial land to hold develop or sell. Operating Assets segment contains 44 properties investments and other assets that generate revenue consisting primarily of retail office and multi-family properties. Strategic Developments segment consists of 30 development projects.

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