Gamble Jones Investment Counsel Has Trimmed By $1.07 Million Its Wells Fargo Co New (WFC) Stake; Howard Hughes (HHC)’s Sentiment Is 1.49

June 14, 2018 - By wolcottdaily

The Howard Hughes Corporation (NYSE:HHC) Logo

Howard Hughes Corp (HHC) investors sentiment increased to 1.49 in Q1 2018. It’s up 0.18, from 1.31 in 2017Q4. The ratio has improved, as 116 active investment managers increased and opened new holdings, while 78 sold and decreased stakes in Howard Hughes Corp. The active investment managers in our database reported: 35.00 million shares, up from 33.99 million shares in 2017Q4. Also, the number of active investment managers holding Howard Hughes Corp in top ten holdings increased from 15 to 17 for an increase of 2. Sold All: 18 Reduced: 60 Increased: 80 New Position: 36.

Gamble Jones Investment Counsel decreased Wells Fargo Co New (WFC) stake by 34.26% reported in 2018Q1 SEC filing. Gamble Jones Investment Counsel sold 20,652 shares as Wells Fargo Co New (WFC)’s stock declined 8.45%. The Gamble Jones Investment Counsel holds 39,624 shares with $2.08 million value, down from 60,276 last quarter. Wells Fargo Co New now has $266.91B valuation. The stock decreased 0.70% or $0.385 during the last trading session, reaching $54.775. About 10.66 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 14, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: ; 05/04/2018 – FIRST HORIZON NATIONAL CORP FHN.N : WELLS FARGO RAISES TO OUTPERFORM FROM MARKET PERFORM; 08/03/2018 – Norwest Equity Partners and Gopher Resource Complete Sale to Energy Capital Partners; 19/04/2018 – New York State Common Retirement Fund Will Vote Against 6 of Wells Fargo’s 12 Directors, Including CEO Timothy Sloan; 16/03/2018 – New York Post: Feds expand probe into Wells Fargo sales practices; 07/05/2018 – PPG Industries at Wells Fargo Industrials Conference Tomorrow; 21/03/2018 – Wells Fargo’s John Silvia Says the Fed Will Stay With Three Rate Hikes (Video); 14/03/2018 – US News: Stress Test Is Bad News For Wells Fargo; 11/04/2018 – UNITEDHEALTH PA. REBID WIN NEGATIVE FOR CENTENE: WELLS FARGO; 25/04/2018 – TEXAS ROADHOUSE INC TXRH.O : WELLS FARGO RAISES TARGET PRICE TO $58 FROM $52; 20/04/2018 – U.S. Comptroller: OCC Assesses $500 Million Penalty Against Wells Fargo, Orders Restitution for Unsafe or Unsound Practices

More important recent The Howard Hughes Corporation (NYSE:HHC) news were published by: Seekingalpha.com which released: “Howard Hughes Corp. buys site in New York City’s Seaport district” on June 12, 2018, also Bizjournals.com published article titled: “Nearly 500 Woodlands residents file flood-related lawsuit against developers, engineering firm”, Seekingalpha.com published: “Emerging Value Capital Management Q1 – Howard Hughes Sold, Tesla Short Closed; New Long Positions” on May 24, 2018. More interesting news about The Howard Hughes Corporation (NYSE:HHC) was released by: Globenewswire.com and their article: “New Research Coverage Highlights Apollo Commercial Real Estate Finance, Drive Shack, GlycoMimetics, Dycom …” with publication date: May 22, 2018.

Mad River Investors holds 11.66% of its portfolio in The Howard Hughes Corporation for 86,879 shares. Horizon Kinetics Llc owns 2.22 million shares or 9% of their US portfolio. Moreover, Swift Run Capital Management Llc has 8.14% invested in the company for 81,763 shares. The United Kingdom-based Consulta Ltd has invested 7.07% in the stock. Pershing Square Capital Management L.P., a New York-based fund reported 2.20 million shares.

Analysts await The Howard Hughes Corporation (NYSE:HHC) to report earnings on August, 6. They expect $-0.19 EPS, down 371.43% or $0.26 from last year’s $0.07 per share. After $0.03 actual EPS reported by The Howard Hughes Corporation for the previous quarter, Wall Street now forecasts -733.33% negative EPS growth.

The Howard Hughes Corporation develops and operates master planned communities, and mixed-use and other real estate properties in the United States. The company has market cap of $5.87 billion. It operates in three divisions: Master Planned Communities, Operating Assets, and Strategic Developments. It has a 34.91 P/E ratio. The Master Planned Communities segment develops and sells residential and commercial land.

Since January 1, 0001, it had 0 buys, and 4 sales for $377.34 million activity.

The stock increased 0.98% or $1.32 during the last trading session, reaching $136.5. About 54,063 shares traded. The Howard Hughes Corporation (HHC) has declined 0.84% since June 14, 2017 and is downtrending. It has underperformed by 13.41% the S&P500. Some Historical HHC News: ; 01/05/2018 – Howard Hughes 1Q EPS 3c; 14/05/2018 – Seaport District Unveils Full Artist Lineup For Inaugural Pier 17 Rooftop Concert Series; 25/04/2018 – The Howard Hughes CorporationĀ® Issues Letter To Shareholders; 01/05/2018 – HOWARD HUGHES 1Q EPS $0.03; 07/05/2018 – Seaport District Unveils Lineup For Opening Nights Of Inaugural Pier 17 Rooftop Concert Series; 01/05/2018 – Howard Hughes 1Q Core FFO/Shr $1.02; 22/04/2018 – DJ Howard Hughes Corporation, Inst Holders, 1Q 2018 (HHC); 01/05/2018 – Howard Hughes 1Q Rev $161.7M; 21/03/2018 – Live Nation To Program Concerts For New York City’s Newest Outdoor Venue At The Seaport District; 03/05/2018 – Is Howard Hughes 2.0 Running TSLA?

Gamble Jones Investment Counsel increased Alphabet Inc stake by 1,151 shares to 12,918 valued at $13.40 million in 2018Q1. It also upped Spdr S&P 500 Etf Tr (SPY) stake by 1,663 shares and now owns 12,894 shares. Ishares Tr (FLOT) was raised too.

Since May 24, 2018, it had 0 insider buys, and 1 sale for $1.40 million activity. Another trade for 25,567 shares valued at $1.40M was made by Pelos Petros G on Thursday, May 24.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46 billion for 12.23 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. As per Monday, April 30, the company rating was upgraded by Keefe Bruyette & Woods. The rating was upgraded by Bernstein to “Outperform” on Wednesday, January 3. RBC Capital Markets downgraded Wells Fargo & Company (NYSE:WFC) on Monday, February 5 to “Sell” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Argus Research on Wednesday, January 18. The rating was upgraded by Keefe Bruyette & Woods on Wednesday, April 5 to “Outperform”. The stock of Wells Fargo & Company (NYSE:WFC) has “Overweight” rating given on Monday, April 16 by Barclays Capital. The firm earned “Buy” rating on Thursday, June 22 by Keefe Bruyette & Woods. The rating was maintained by RBC Capital Markets on Friday, October 16 with “Outperform”. On Friday, August 25 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Tuesday, December 12 by Keefe Bruyette & Woods.

Investors sentiment decreased to 0.59 in 2018 Q1. Its down 0.16, from 0.75 in 2017Q4. It is negative, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. 167,010 are held by Wasatch Advsrs. Park Presidio Lc has invested 5.68% in Wells Fargo & Company (NYSE:WFC). St Johns Inv Management Ltd Liability Co holds 0% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 29 shares. Stelac Advisory Limited Liability Company has invested 0.06% in Wells Fargo & Company (NYSE:WFC). Eaton Vance Management invested 1.28% in Wells Fargo & Company (NYSE:WFC). 269,773 are held by Asset Management. 9.67M were reported by Credit Suisse Ag. 123,564 are held by Evercore Wealth Mngmt Ltd Co. Gm Advisory Group holds 0.09% or 5,439 shares. Catawba Capital Mgmt Va owns 102,768 shares for 1.29% of their portfolio. First Allied Advisory holds 71,811 shares. Raffles Limited Partnership accumulated 4.29% or 76,300 shares. Atria Ltd holds 0.26% in Wells Fargo & Company (NYSE:WFC) or 102,976 shares. Mutual Of America Management Limited Liability Com invested 0.45% of its portfolio in Wells Fargo & Company (NYSE:WFC). Sather Finance Group reported 176,180 shares.

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

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