As News (NWSA) Market Valuation Declined, Holder Crestpoint Capital Management Has Decreased Its Stake; 13D Management Has Raised Stake in Howard Hughes (HHC) as Stock Price Rose

April 2, 2018 - By Ruchi Gupta

News Corporation (NASDAQ:NWSA) Logo

Crestpoint Capital Management Llc decreased its stake in News Corp (NWSA) by 32.65% based on its latest 2017Q4 regulatory filing with the SEC. Crestpoint Capital Management Llc sold 55,800 shares as the company’s stock declined 5.12% with the market. The institutional investor held 115,100 shares of the newspapers and magazines company at the end of 2017Q4, valued at $1.87M, down from 170,900 at the end of the previous reported quarter. Crestpoint Capital Management Llc who had been investing in News Corp for a number of months, seems to be less bullish one the $9.13 billion market cap company. The stock decreased 1.84% or $0.29 during the last trading session, reaching $15.51. About 628,713 shares traded. News Corporation (NASDAQ:NWSA) has risen 23.85% since April 2, 2017 and is uptrending. It has outperformed by 12.30% the S&P500.

13D Management Llc increased its stake in Howard Hughes Corp (HHC) by 4.35% based on its latest 2017Q4 regulatory filing with the SEC. 13D Management Llc bought 4,918 shares as the company’s stock rose 5.09% while stock markets declined. The institutional investor held 118,065 shares of the real estate investment trusts company at the end of 2017Q4, valued at $15.50 million, up from 113,147 at the end of the previous reported quarter. 13D Management Llc who had been investing in Howard Hughes Corp for a number of months, seems to be bullish on the $5.84B market cap company. The stock decreased 1.16% or $1.61 during the last trading session, reaching $137.52. About 75,525 shares traded. The Howard Hughes Corporation (NYSE:HHC) has risen 19.22% since April 2, 2017 and is uptrending. It has outperformed by 7.67% the S&P500.

13D Management Llc, which manages about $225.00M and $335.50 million US Long portfolio, decreased its stake in Deckers Outdoor Corp (NYSE:DECK) by 33,596 shares to 129,265 shares, valued at $10.37 million in 2017Q4, according to the filing.

Since December 29, 2017, it had 0 buys, and 2 sales for $320.66 million activity. Shares for $319.65M were sold by Pershing Square Capital Management – L.P..

Investors sentiment decreased to 1.31 in 2017 Q4. Its down 0.14, from 1.45 in 2017Q3. It turned negative, 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. Qs Invsts Lc holds 0% or 2,300 shares. Tci Wealth Advsrs Inc reported 59 shares. Moors & Cabot has 2,275 shares for 0.04% of their portfolio. Fiduciary Management Inc Wi accumulated 400,675 shares. Levin Capital Strategies Ltd Partnership owns 2,700 shares. First Personal Ser, North Carolina-based fund reported 66 shares. Pnc Service Group Incorporated holds 19,785 shares. Pub Employees Retirement Association Of Colorado has 0.01% invested in The Howard Hughes Corporation (NYSE:HHC) for 7,841 shares. Price T Rowe Associates Md owns 168,073 shares for 0% of their portfolio. Assetmark Incorporated has invested 0% in The Howard Hughes Corporation (NYSE:HHC). Rmb Management Ltd Liability accumulated 5,196 shares or 0.02% of the stock. 4,850 were reported by Prelude Capital Ltd Company. 1,800 are held by Eagle Ridge Invest Management. Maltese Capital Mngmt Limited Liability Company reported 0.07% in The Howard Hughes Corporation (NYSE:HHC). Holt Capital Advisors Limited Company Dba Holt Capital Ptnrs Limited Partnership reported 0.12% in The Howard Hughes Corporation (NYSE:HHC).

Among 7 analysts covering Howard Hughes (NYSE:HHC), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Howard Hughes had 12 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of The Howard Hughes Corporation (NYSE:HHC) earned “Buy” rating by Compass Point on Monday, May 23. Sandler O’Neill maintained The Howard Hughes Corporation (NYSE:HHC) on Thursday, March 8 with “Hold” rating. The rating was downgraded by TheStreet to “Sell” on Thursday, September 24. Citigroup maintained it with “Buy” rating and $166 target in Wednesday, August 10 report. The stock has “Buy” rating by BWS Financial on Thursday, June 8. Sandler O’Neill initiated The Howard Hughes Corporation (NYSE:HHC) on Thursday, March 30 with “Hold” rating. Compass Point maintained The Howard Hughes Corporation (NYSE:HHC) on Tuesday, December 8 with “Buy” rating. On Friday, May 13 the stock rating was initiated by Citigroup with “Buy”. The firm has “Market Outperform” rating given on Monday, October 31 by CJS Securities. JMP Securities maintained the shares of HHC in report on Sunday, August 16 with “Buy” rating.

Among 7 analysts covering News Corporation (NASDAQ:NWSA), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. News Corporation had 15 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Thursday, July 27. The rating was downgraded by Bank of America on Thursday, October 27 to “Underperform”. The firm has “Buy” rating given on Monday, June 26 by Jefferies. The firm has “Outperform” rating by Macquarie Research given on Monday, July 27. Jefferies maintained News Corporation (NASDAQ:NWSA) on Monday, September 11 with “Buy” rating. On Thursday, February 8 the stock rating was maintained by Jefferies with “Buy”. The stock has “Market Perform” rating by Wells Fargo on Monday, November 9. Jefferies maintained it with “Buy” rating and $17.0 target in Monday, October 16 report. The company was downgraded on Monday, May 9 by CLSA. CLSA downgraded News Corporation (NASDAQ:NWSA) on Tuesday, November 8 to “Outperform” rating.

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

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