Pershing Square Capital Manage Acquires 5,135 Shares of The Howard Hughes Co. (NYSE:HHC) Stock

Editorial Team
Published on: January 1, 2023

Pershing Square Capital Manage, a director of The Howard Hughes Co. (NYSE:HHC – Get Rating), purchased 5,135 shares of the company’s stock on Wednesday, December 28th. The shares were purchased for a total of $383,379.10 at an average cost of $74.66 per share. Following the transaction, the director now directly owns 15,894,116 shares in the company, worth approximately $1,186,654,700.56. The transaction was revealed in a filing with the SEC.

Pershing Square Capital Manage also recently made the following trade(s):

On Thursday, December 22nd, Pershing Square Capital Manage bought 31,423 shares of Howard Hughes stock. The stock was purchased at an average price of $74.37 per share, for a total transaction of $2,336,928.51.
On Tuesday, December 20th, Pershing Square Capital Manage acquired 12,642 shares of Howard Hughes stock. The stock was purchased at an average price of $74.84 per share, with a total value of $946,127.28.
On Wednesday, December 7th, Pershing Square Capital Manage bought 41,446 shares of Howard Hughes stock. The shares were acquired at an average price of $73.15 per share, for a total transaction of $3,031,774.90.
On Monday, December 5th, Pershing Square Capital Manage purchased 568,681 shares of Howard Hughes stock. The shares were acquired at an average cost of $75.61 per share, for a total transaction of $42,997,970.41.
On Tuesday, November 29th, Pershing Square Capital Manage bought 1,560,205 shares of Howard Hughes stock. The stock was acquired at an average cost of $70.00 per share, with a total value of $109,214,350.00.

Several institutional investors and hedge funds have recently changed their positions in the company. Guardian Wealth Advisors LLC invested $30,000 in Howard Hughes in the third quarter. In the third quarter, Tower Research Capital LLC TRC increased its stake in Howard Hughes by 39.2%. Tower Research Capital LLC TRC now owns 632 shares of the financial services provider’s stock, valued at $35,000, after purchasing 178 more during the period. During the third quarter, Western Pacific Wealth Management LP acquired a new position in Howard Hughes for approximately $59,000. CWM LLC increased its stake in Howard Hughes by 1,430.7% during the second quarter.

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport District; and Strategic Developments. As of December 31, 2020, the Operating Assets segment owned 15 retail, 33 office, 12 multi-family, 3 hospitality, and 13 other operating assets and investments primarily located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii.