HHC Stock Recent News

Bill Ackman (Trades, Portfolio) is an activist investor who is the founder and investment manager at Pershing Square Capital Management. He is known for his relentless contrarian style.

Here's where I've put most of my own money to work.

Billionaire investor Bill Ackman (Trades, Portfolio) disclosed last week he boosted Pershing Square Capital Management's stake in The Howard Hughes Corp. ( HHC , Financial) by 11.46% following the close of its previously announced cash tender offer in November.

HHC, PLOW, TZOO, III and AMSF have been added to the Zacks Rank #1 (Strong Buy) List on November 10, 2022.

The Howard Hughes Corp. (NYSE:HHC ) Q3 2022 Earnings Conference Call November 21, 2022 11:00 AM ET Company Participants Eric Holcomb - SVP, IR David O'Reilly - CEO Jay Cross - President Carlos Olea - CFO David Striph - Head of Operations Peter Riley - General Counsel Conference Call Participants Anthony Paolone - JPMorgan Alexander Goldfarb - Piper Sandler Vahid Khorsand - BWS Financial Operator Good day, and welcome to The Howard Hughes Corporation Third Quarter Earnings Call. [Operator Instructions] Please not that this event is being recorded.

Howard Hughes (HHC) delivered earnings and revenue surprises of -7.59% and 4.51%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

HHC to Host Earnings Call on November 3, 2022 HOUSTON , Oct. 14, 2022 /PRNewswire/ -- The Howard Hughes Corporation ® (NYSE: HHC) announced today that its previously announced dates for the 2022 third quarter earnings release and conference call have changed. The Company will release 2022 third quarter earnings on Wednesday, November 2, 2022, after the market closes and will hold its third quarter conference call on Thursday, November 3, 2022, at 11:00 a.m.

Shares of Howard Hughes Corp. HHC, +2.46% jumped 2.8% in premarket trading Friday, after investor Pershing Square Capital Management said it has launched a cash tender offer to buy up to 6.34 million of the real estate development and management company's stock. That represents up to 12.7% of the shares outstanding as of July 28.

HHC comes out with a "conservative" NAV (net asset value) estimate of $170, in line with my previous NAV estimate of $170 from January 2021. Bill Ackman's Pershing Square Capital Management now owns 13,620,164 shares, representing 27.3% of shares outstanding.

Howard Hughes (HHC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).