The stock last traded at $127.63 which is marginally higher than $120.68, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $122.42. The 50 day moving average was up $6.95 or +5.76% and the 200 day average moved up $5.21. Trading volume for Howard Hughes Corporation (The) was 213K in the last trading session. Volume was up 5.23% over the stocks average daily volume.
Traders are a little more bullish on shares of the company as indicated by the change in short interest. The firm experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -18.10%. Short shares fell 255,887 over that timeframe. Days to cover decreased -2.0 to 6.0 and the percentage of shorted shares was 0.03% on October 13.
The following firms have recently changed their position in HHC. As of quarter end First Trust Advisors Lp had sold 41,185 shares trimming its holdings by 76.1%. The value of the investment in (HHC) decreased from $6,647,000 to $1,524,000 a change of $5,123,000 for the reporting period. As of the end of the quarter Nationwide Fund Advisors had acquired a total of 7,579 shares growing its position 42.9%. The value of the investment in HHC went from $2,171,000 to $2,978,000 a change of 37.2% since the last quarter.
As of quarter end Aperio Group, LLC had bought 1,404 shares growing its stake by 9.6%. The value of the total investment in Howard Hughes Corporation (The) went from $1,797,000 to $1,890,000 increasing 5.2% quarter over quarter. As of quarter end Tokio Marine Asset Management Co Ltd had disposed of 3,900 shares trimming its position 33.1%. The value in dollars went from $1,450,000 to $932,000 a change of $518,000 quarter to quarter.
Howard Hughes Corporation (The) currently has a P/E ratio of 91.03 and the market cap is 5.47B. In the latest earnings report the EPS was $1.40 and is estimated to be $1.11 for the current year with 42,838,000 shares outstanding. Next quarter’s EPS is estimated at $0.51 and the next full year EPS is anticipated to be $2.39.
The Howard Hughes Corporation, launched on July 1, 2010, is a developer of master planned communities and mixed use properties. The Company is involved in 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 Company operates through three segments: Master Planned Communities, Operating Assets and Strategic Developments..