Should You Invest in The Howard Hughes Corporation (HHC)?

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth-quarter 2022 investor letter, a copy of which can be downloaded here. In the fourth quarter, the fund delivered a 10.36% net return compared to an 8.42% return for the Russell 2000 Value Index and a 9.21% return for the Russell 2500 Value Index. Health Care was the significant contributor to the fund’s performance in the quarter, while Materials detracted from the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Bernzott Capital Advisors highlighted stocks like The Howard Hughes Corporation (NYSE:HHC) in the Q4 2022 investor letter. Headquartered in Dallas, Texas, The Howard Hughes Corporation (NYSE:HHC) is a real estate company that manages, operates, and owns commercial, residential, and hospitality property. On January 20, 2023, The Howard Hughes Corporation (NYSE:HHC) stock closed at $80.81 per share. One-month return of The Howard Hughes Corporation (NYSE:HHC) was 4.62%, and its shares lost 13.19% of their value over the last 52 weeks. The Howard Hughes Corporation (NYSE:HHC) has a market capitalization of $4.032 billion.

Bernzott Capital Advisors made the following comment about The Howard Hughes Corporation (NYSE:HHC) in its Q4 2022 investor letter:

The Howard Hughes Corporation (NYSE:HHC): The real estate developer’s master planned community results were better than expected amid fears of a housing slowdown, and stabilizing interest rates eased pressure on the stock from earlier in the year. Pershing Square, a significant shareholder, tendered to purchase more shares during the quarter, highlighting value”

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The Howard Hughes Corporation (NYSE:HHC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held The Howard Hughes Corporation (NYSE:HHC) at the end of the third quarter which was 24 in the previous quarter.

We discussed The Howard Hughes Corporation (NYSE:HHC) in another article and shared the list of stocks insiders are buying. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.

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